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February 22, 2020
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Reuters - Business

Buffett defends Berkshire stock push, reassures on future as profit smashes record

Reuters
NEW YORK (Reuters) – Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s (BRKa.N) decision to invest heavily in stocks of companies such as Apple Inc (AAPL.O) as he labors through a four-year drought since his last major acquisition of a company. Buffett, 89, also used his annual letter to......
Reuters - Business

Buffett calls for more accountability for corporate directors

Reuters
(Reuters) – Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock. FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit......
Reuters - Business

Rising stocks fuel record profit for Buffett’s Berkshire; operating profit disappoints

Reuters
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its old record for full-year earnings. FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall......
Reuters - Business

Buffett defends stock investments, which fueled record Berkshire profit

Reuters
NEW YORK (Reuters) – Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc’s decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the......
Reuters - Business

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

Let’s come together to tax tech giants, say G20 officials eyeing $100 billion boost

Reuters
RIYADH (Reuters) – Leading world economies must show unity in dealing with aggressive “tax optimization” by global digital giants like Google (GOOGL.O), Amazon (AMZN.O) and Facebook (FB.O), G20 officials said on Saturday. FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2,......
Reuters - Business

Take Five: ‘Our currency, your problem’ – all over again

Reuters
(Reuters) – 1/KING DOLLAR Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., February 6, 2020. REUTERS/Lucas Jackson The dollar juggernaut rolls on. The U.S. currency has rocketed to a near three-year high versus the euro EUR=, a 10-month......
Reuters - Business

China’s Geely starts online auto sales as virus epidemic keeps buyers at home

Reuters
BEIJING (Reuters) – Chinese automaker Geely [GEELY.UL] has launched a service for customers to buy cars online and get them delivered directly to their homes, in a bid to drum up sales as the coronavirus outbreak prompts buyers to stay away from showrooms. FILE PHOTO: A building of the Geely......
Reuters - Business

Outbreak will not change China’s commitments to buy U.S. goods: senior U.S. official

Reuters
WASHINGTON (Reuters) – The U.S. government expects China to honor its commitments to buy more U.S. goods under a trade deal signed by the world’s two largest economies in January despite the fast-spreading coronavirus outbreak, a senior U.S. official said on Thursday. FILE PHOTO: A truck carrying containers are seen......
Reuters - Business

What secrets? Apple embroiled in row over book by German former executive

Reuters
BERLIN (Reuters) – Apple (AAPL.O) has become embroiled in a publishing row in Germany after it tried to halt sales of a book written by a former executive, saying it disclosed secrets about the App Store. FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the......
Reuters - Business

Manufacturers entangled in logistical nightmare as virus-hit China limps back to work

Reuters
SHANGHAI/BANGKOK (Reuters) – Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung. FILE PHOTO: Workers wearing face masks load cargo to a truck next to containers at a railway cargo terminal, as the country is hit by an outbreak of the novel coronavirus, in Yinchuan, Ningxia......
Reuters - Business

Should Facebook, Google be liable for user posts? asks U.S. Attorney General Barr

Reuters
WASHINGTON (Reuters) – U.S. Attorney General William Barr on Wednesday questioned whether Facebook, Google and other major online platforms still need the immunity from legal liability that has prevented them from being sued over material their users post. FILE PHOTO: U.S. Attorney General William Barr announces the findings of the......
Reuters - Business

Virgin Galactic’s stock soars, fueled by retail investors

Reuters
SAN FRANCISCO (Reuters) – Virgin Galactic Holdings Inc (SPCE.N) shares surged 24% on Tuesday, extending a rally since early December to over 400% and evoking a warning from an analyst who likes the space tourism company but warns it has become overbought. FILE PHOTO: Sir Richard Branson poses on floor......
Reuters - Business

Coronavirus threatens Apple supply chain, sales; shares drop

Reuters
(Reuters) – Shares of Apple Inc fell 2 % on Tuesday and dragged the stocks of its suppliers across the globe lower, after the iPhone maker warned of lower sales in the current quarter acknowledging that the coronavirus outbreak was pressuring its supply chain. Customers walk past an Apple logo......
Reuters - Business

20 years after dot-com peak, tech dominance keeps investors on edge

Reuters
SAN FRANCISCO/NEW YORK (Reuters) – As Wall Street approaches the 20th anniversary of the piercing of the dot-com bubble, today’s decade-old rally led by a few small players shows some similarities that cautious investors are keeping an eye on. FILE PHOTO: A view of the exterior of the Nasdaq market......
Reuters - Business

If Apple is hurting due to the coronavirus, its suppliers and rivals likely are too

Reuters
SAN FRANCISCO/SHANGHAI (Reuters) – Apple Inc’s (AAPL.O) surprise warning that it will likely fall short of this quarter’s sales target due to the coronavirus epidemic points to much pain for its chip and other suppliers as well as for rivals who also rely on China to build their products. FILE......
Reuters - Business

SoftBank spends $2.5 billion to get second Vision Fund off the ground: sources

Reuters
(Reuters) – SoftBank Group Corp (9984.T) has pumped $2.5 billion of its own cash into new investments since October, people familiar with the matter said, hoping to restore its money-making credentials as it courts investors for a successor to its Vision Fund. FILE PHOTO: People walk behind the logo of......
Reuters - Business

Apple warns sales to fall short of target due to coronavirus impact

Reuters
(Reuters) – Apple Inc (AAPL.O) warned on Monday it was unlikely to meet its March quarter sales guidance set just three weeks ago as the world’s most valuable technology firm became one of the biggest corporate casualties of China’s coronavirus epidemic. FILE PHOTO: The Apple Inc. logo is seen hanging......
Reuters - Business

Apple unlikely to meet revenue guidance due to coronavirus impact

Reuters
(Reuters) – Apple Inc (AAPL.O) said on Monday it would not meet its revenue guidance for the March quarter because of the coronavirus outbreak slowing iPhone production and weakening demand in China. FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th......

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