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May 24, 2022

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Siemens Energy sees ‘need for action’ in turbine unit takeover plan

Reuters
MADRID, May 23 (Reuters) – Siemens Energy (ENR1n.DE) does not yet see signs of a recovery at wind turbine maker Siemens Gamesa (SGREN.MC), its chief executive said on Monday after launching a bid for minority holdings in the struggling unit. Siemens Energy announced the bid on Saturday after facing pressure......

Wall Street rallies at end of roller coaster week

Reuters
A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri Register now for FREE unlimited access to Reuters.com Register Twitter drops as Musk puts purchase deal on hold All major indexes on course for steep weekly losses Indexes up: Dow......

EQT pushes back Galderma IPO plans amid market turmoil – sources

Reuters
A Swiss flag is pictured on the Federal Palace (Bundeshaus) in Bern, Switzerland December 7, 2018. Picture taken December 7, 2018. REUTERS/Denis Balibouse/ Register now for FREE unlimited access to Reuters.com Register LONDON, May 13 (Reuters) – EQT (EQTAB.ST) is delaying listing plans for its $22 billion skincare firm Galderma......

Chinese jet aborts takeoff, catches fire, causing minor injuries from evacuation

Reuters
Rescue workers are seen at the site where an Airbus A319 plane of Tibet Airlines caught fire after an aborted takeoff, at Chongqing Jiangbei International Airport in Chongqing, China May 12, 2022. cnsphoto via REUTERS Register now for FREE unlimited access to Reuters.com Register BEIJING, May 12 (Reuters) – China’s......

Occidental profit tops estimates on oil prices despite lower output

Reuters
The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register May 10 (Reuters) – U.S. oil and gas producer Occidental Petroleum Corp (OXY.N) beat Wall Street’s earnings estimates and swung to a profit from a......

Biden touts manufacturing, union jobs in battleground Ohio

Reuters
HAMILTON, Ohio May 6 (Reuters) – President Joe Biden boasted on Friday of a U.S. manufacturing surge and introduced a new small business program in the key swing state of Ohio during his sixth visit there as president Biden was buoyed by strong numbers earlier in the day that showed......

Berkshire shareholders vote to keep Buffett as chairman, reject climate disclosures

Reuters
OMAHA, Neb., April 30 (Reuters) – Berkshire Hathaway Inc (BRKa.N) shareholders on Saturday rejected proposals to have an independent chair replace Warren Buffett, and require his company to disclose more about its climate-related risks and efforts to improve diversity. Shareholders supported letting Buffett keep both the chairman and chief executive......

Buffett says inflation an issue for Berkshire, it ‘swindles almost everybody’

Reuters
Investors and guests arrive for the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, U.S. April 29, 2022. REUTERS/Scott Morgan Register now for FREE unlimited access to Reuters.com Register OMAHA, Neb., April 30 (Reuters) – Warren Buffett said on Saturday that inflation “swindles almost everybody”......

Berkshire bought $51 billion in stock as Buffett combats supply chain

Reuters
OMAHA, Neb., April 30 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) dove into equity markets in the first quarter, spending more than $51 billion on stocks including a much larger stake in Chevron Corp (CVX.N). Berkshire, which Buffett has run since 1965, also said on Saturday quarterly operating profit......

Buffett’s Berkshire says operating profit nearly unchanged

Reuters
Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo Register now for FREE unlimited access to Reuters.com Register OMAHA, Neb., April 30 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N)......

Warren Buffett’s Berkshire all-day meeting to kick off in Omaha

Reuters
OMAHA, Neb., April 30 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) holds its hotly-anticipated annual shareholder meeting in person on Saturday for the first time since before the pandemic, where shareholders will have the chance to quiz the so-called ‘Oracle of Omaha’ on everything from corporate governance, potential new......

Honeywell raises full-year profit forecast as air travel surges

Reuters
An aircraft engine is being tested at Honeywell Aerospace in Phoenix, Arizona, U.S. on September 6, 2016. REUTERS/Alwyn Scott/File Photo Register now for FREE unlimited access to Reuters.com Register April 29 (Reuters) – Honeywell International Inc raised its full-year profit forecast on Friday, as a recovery in aviation markets due......

Caterpillar sees China excavator demand falling below pre-pandemic levels

Reuters
Caterpillar logo is pictured at the ‘Bauma’ Trade Fair for Construction Machinery, Building Material Machines, Mining Machines, Construction Vehicles and Construction Equipment in Munich, Germany, April 8, 2019. REUTERS/Michaela Rehle/File Photo Register now for FREE unlimited access to Reuters.com Register April 28 (Reuters) – Caterpillar Inc (CAT.N) on Thursday warned......

Nasdaq tumbles to lowest close since late 2020

Reuters
Microsoft, Alphabet drop ahead of reports after the bell GE down after it sees 2022 earnings at lower end of forecast Tesla tanks a day after Musk clinches deal to buy Twitter Indexes: Dow -2.38%, S&P 500 -2.81%, Nasdaq -3.95% April 26 (Reuters) – Wall Street ended sharply lower on......

GE shares slump as worsening supply chain, inflationary woes pressure profit

Reuters
A traffic light is seen in front of a logo of General Electric at the company’s plant in Birr, Switzerland June 17, 2019. REUTERS/Arnd Wiegmann/File Photo Register now for FREE unlimited access to Reuters.com Register April 26 (Reuters) – General Electric Co (GE.N) on Tuesday said fresh COVID-19 pandemic-related lockdowns......

Mexico’s Alfa Q1 net profit jumps, hikes EBITDA guidance

Reuters
MEXICO CITY, April 25 (Reuters) – Mexican conglomerate Alfa (ALFAA.MX) on Monday posted a first-quarter net profit of 4.3 billion pesos ($217 million), up 38% compared with the same period a year earlier, lifted by high industry margins at its chemicals subsidiary Alpek. Earnings before interest, tax, depreciation and amortization......

CalPERS to vote to replace Buffett as Berkshire chairman

Reuters
April 19 (Reuters) – CalPERS, the largest U.S. public pension fund, on Tuesday said it will vote for a shareholder proposal that Berkshire Hathaway Inc (BRKa.N) replace Warren Buffett as chairman, though he would remain chief executive officer. The fund, whose full name is the California Public Employees’ Retirement System,......

U.S. charges ex-Brazilian exec with planting false Berkshire Hathaway story

Reuters
NEW YORK, April 18 (Reuters) – U.S. authorities on Monday charged a former senior executive at IRB Brasil Resseguros SA (IRBR3.SA) with fraudulently planting a false story that Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) had made a significant investment in the Brazilian reinsurer. In a civil complaint filed in federal......

Ferrero asks Americans to dispose of some Kinder products over Salmonella fears

Reuters
Kinder Surprise chocolate eggs, a brand of Italian confectionary group Ferrero, are seen on display in a supermarket in Islamabad, Pakistan July 18, 2017. REUTERS/Caren Firouz Register now for FREE unlimited access to Reuters.com Register April 12 (Reuters) – Ferrero on Tuesday asked U.S. consumers to dispose of some Kinder......

Fintech Nubank nets $650 mln credit line for Mexico, Colombia expansion

Reuters
The logo of Nubank, a Brazilian fintech startup, is pictured at the bank’s headquarters in Sao Paulo, Brazil June 19, 2018. REUTERS/Paulo Whitaker/File Photo Register now for FREE unlimited access to Reuters.com Register MEXICO CITY, April 11 (Reuters) – Brazil’s Nubank , Latin America’s star fintech, is fueling its expansion......

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