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February 22, 2020
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Buffett defends investments in stocks, which fueled record Berkshire profit

Reuters
NEW YORK (Reuters) – Warren Buffett on Saturday defended Berkshire Hathaway Inc’s decision to invest heavily in the stocks of companies such as Apple Inc, while giving new details about how Berkshire Hathaway is prepared for his death in an annual letter to shareholders posted on the company’s website. FILE......
Reuters - Business

Buffett defends investments in stocks, which fueled record Berkshire profit

Reuters
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan (Reuters) – Warren Buffett on Saturday defended Berkshire Hathaway Inc’s decision to invest......
Reuters - Business

Branson says new Virgin cruise line will overcome coronavirus fears

Reuters
DOVER, England (Reuters) – British entrepreneur Richard Branson heralded his first cruise ship “Scarlet Lady” on Friday as targeting a younger generation of holidaymakers with a range of attractions that he believes will outweigh any fears around coronavirus. Despite the unfortunate timing, with passengers on one ship quarantined in Japan......
Reuters - Business

Branson targets younger cruise crowd with DJs, tattoos and yoga

Reuters
LONDON (Reuters) – British entrepreneur Richard Branson will unveil the “Scarlet Lady” on Friday, a 60,000 tonne cruise liner complete with a tattoo studio and yoga deck aimed at drawing in a younger generation of holiday-makers. FILE PHOTO: Sir Richard Branson stands on the floor of the New York Stock......
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EU industry chief tells Facebook to adapt to EU, not other way round

Reuters
BRUSSELS (Reuters) – EU industry commissioner Thierry Breton said on Monday it was for Facebook to adapt to Europe’s standards, not the other way round, as he criticized the U.S. social media giant’s proposed internet rules as insufficient. The blunt comments came after a short meeting with Facebook CEO Mark......
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Facebook sees risks to innovation, freedom of expression ahead of EU rules

Reuters
BRUSSELS (Reuters) – Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a raft of rules by the European Union this week and in the coming months to rein in U.S. and Chinese tech companies. Facebook Chairman and CEO Mark Zuckerberg meets......
Reuters - Business

Facebook warns of risks to innovation, freedom of expression ahead of EU rules

Reuters
Facebook Chairman and CEO Mark Zuckerberg meets with European Commissioner for Values and Transparency Vera Jourova at the EU Commission headquarters in Brussels, Belgium February 17, 2020. REUTERS/Yves Herman BRUSSELS (Reuters) – Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a......
Reuters - Business

Regulators should allow RTL and ProSieben to merge: Rabe

Reuters
BERLIN (Reuters) – The head of publisher Bertelsmann (BTGGg.F) said its TV arm RTL (RRTL.DE) should be allowed to merge with German rival ProSiebenSat.1 (PSMGn.DE), to give them a fighting chance against U.S. streaming giants. FILE PHOTO: German media group Bertelsmann CEO Thomas Rabe poses for the media prior to......
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Treat us like something between a telco and a newspaper, says Facebook’s Zuckerberg

Reuters
MUNICH (Reuters) – Online content should be regulated with a system somewhere between the existing rules used for the telecoms and media industries, Facebook (FB.O) CEO Mark Zuckerberg told global leaders and security chiefs on Saturday. Facebook Chairman and CEO Mark Zuckerberg attends the annual Munich Security Conference in Germany,......
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Google in talks with publishers to pay for premium news content: WSJ

Reuters
(Reuters) – Alphabet Inc’s Google is in talks with publishers on paying a licensing fee for content that would be packaged in a premium news product, the Wall Street Journal reported here citing people familiar with the matter. A source close to Google confirmed the talks were still in early......
Reuters - Business

Bezos buys Warner Estate in Beverly Hills for record $165 million

Reuters
LOS ANGELES (Reuters) – Amazon Chief Executive Jeff Bezos, the world’s wealthiest person, has purchased a Beverly Hills mansion known as the Warner Estate from media mogul David Geffen for $165 million, a source familiar with the deal said on Wednesday. FILE PHOTO: Jeff Bezos, founder of Blue Origin and......
Reuters - Business

FTC demands data on small buys by Google, Amazon, Apple, Facebook, Microsoft

Reuters
WASHINGTON (Reuters) – The Federal Trade Commission has issued special orders to Alphabet Inc’s (GOOGL.O) Google unit, Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Facebook Inc (FB.O) and Microsoft Corp (MSFT.O) to provide information on mergers that were too small to report to antitrust regulators, the FTC said on Tuesday. FILE......
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Exclusive: China’s mobile giants to take on Google’s Play store – sources

Reuters
SHENZHEN, China (Reuters) – China’s Xiaomi (1810.HK), Huawei Technologies, Oppo and Vivo are joining forces to create a platform for developers outside China to upload apps onto all of their app stores simultaneously, in a move analysts say is meant to challenge the dominance of Google’s Play store. FILE PHOTO:......
Reuters - Business

Baby Yoda powers Disney streaming subscriptions to fast start

Reuters
(Reuters) – Walt Disney Co’s new streaming service Disney+ reached 28.6 million paying subscribers this week, the company said on Tuesday as it reported quarterly earnings that beat Wall Street forecasts. FILE PHOTO: A man looks at his phone as he passes by a screen advertising Walt Disney’s streaming service......
Reuters - Business

Exclusive: iPhone app makers questioned in U.S. antitrust probe of Apple – sources

Reuters
WASHINGTON (Reuters) – The U.S. Justice Department has reached out to app developers as part of its investigation into Apple Inc (AAPL.O), one of the four big tech companies being probed for alleged anti-competitive behavior, according one of the developers and another person familiar with the investigation. FILE PHOTO: People......
Reuters - Business

Alphabet shares fall as Google misses on sales, YouTube revenue disappoints

Reuters
SAN FRANCISCO (Reuters) – Alphabet Inc’s (GOOGL.O) new Chief Executive Sundar Pichai unveiled sales figures that investors have long demanded, but shares fell 5% as Google’s advertising business and the new data about YouTube and Google Cloud broadly disappointed. Pichai had sought to counter slowing revenue growth in the company’s......
Reuters - Business

Alphabet shares fall as Google misses on sales, debuts YouTube revenue

Reuters
SAN FRANCISCO (Reuters) – Google-parent Alphabet Inc (GOOGL.O) on Monday reported its worst fourth-quarter revenue growth since 2015, missing analysts’ estimate for a period in which its top online advertising rivals beat expectations. FILE PHOTO: The new Google Pixel 4 smartphone and accessories are displayed during a Google launch event......
Reuters - Business

Justice Department meeting state AG offices Tuesday to discuss Google: sources

Reuters
FILE PHOTO – People walk past the logo of Google in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann WASHINGTON (Reuters) – Justice Department officials will meet on Tuesday with representatives of state attorneys general to discuss their investigations of search and advertising giant Google, according to sources familiar with the......
Reuters - Business

13 minutes, $13 million: The logistics of pulling off a Super Bowl halftime show

Reuters
NEW YORK (Reuters) – The popular Super Bowl halftime show is only 13 minutes long, but the million-dollar-a-minute extravaganza takes thousands of people, months of planning and near military precision to pull off. FILE PHOTO: Singer Lady Gaga performs during the halftime show at Super Bowl LI between the New......
Reuters - Business

Nintendo CEO says no new Switch model this year

Reuters
Nintendo President Shuntaro Furukawa speaks at a news conference in Tokyo, Japan January 31, 2020. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Nintendo Co Ltd CEO Shuntaro Furukawa said on Friday the gaming company has no plans to launch a fresh Switch model this year, dampening rumors it will offer an upgraded......

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