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February 25, 2020
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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

T-Mobile owner sets sights on becoming U.S. number one

Reuters
BONN, Germany (Reuters) – Deutsche Telekom (DTEGn.DE) is aiming to become market leader in the United States, CEO Tim Hoettges said on Wednesday, now that a deal for its T-Mobile US (TMUS.O) unit to take over Sprint (S.N) is within reach. Timotheus Hoettges, Chief Executive Officer of Germany’s telecommunications giant......
Reuters - Business

Nissan’s new CEO says willing to be fired if no turnaround

Reuters
YOKOHAMA (Reuters) – Nissan’s (7201.T) new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan’s second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn. FILE PHOTO: Nissan Motor chief executive Makoto Uchida......
Reuters - Business

Nissan CEO sees earnings, cashflow under pressure this business year

Reuters
FILE PHOTO: Nissan Motor chief executive Makoto Uchida speaks during a news conference at Nissan Motor headquarters in Yokohama, Japan, December 2, 2019. REUTERS/Kim Kyung-Hoon/File Photo YOKOHAMA (Reuters) – Nissan Motor Co (7201.T) Chief Executive Makoto Uchida on Tuesday said he expects weak global car sales to keep the Japanese......
CNBC Business

Disgraced lawyer Michael Avenatti found guilty in Nike extortion trial

CNBC
CNBC – For more and to sign up click here Celebrity attorney Michael Avenatti walks out of a New York court house after a hearing in a case where he is accused of stealing $300,000 from a former client, adult-film actress Stormy Daniels on July 23, 2019 in New York......
CNBC - Real Estate

These home renovations provide the biggest returns

CNBC Real Estate
A home improvement contractor works on a house in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images Americans are moving much less frequently. Mobility is actually at a record low. That is fueling strong growth in the home remodeling market. But not all renovation investments yield equal......
Reuters - Business

Renault plans $2.2 billion ‘no taboos’ cost cuts after first loss in a decade

Reuters
PARIS (Reuters) – Renault’s (RENA.PA) first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it. As ex-Volkswagen brand manager Luca de......
Reuters - Business

Renault’s 2020 vision clouded as ‘tough’ year leads to first loss in a decade

Reuters
PARIS (Reuters) – Renault (RENA.PA) reported its first loss in a decade and cut its 2020 margin target on Friday, as it attempts to draw a line under the Carlos Ghosn affair and reboot its Nissan alliance. The logo of French carmaker Renault is seen before the company’s 2019 annual......
Reuters - Business

Nissan shares tumble to ten-and-a-half year low after earnings rout

Reuters
FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Shares of Nissan Motor Co (7201.T) fell to their lowest in 10-1/2 years on Friday, tumbling nearly 10% after the struggling Japanese automaker cut its annual profit forecast......
CNBC Business

William Barr criticizes Trump tweets about Roger Stone

CNBC
CNBC – For more and to sign up click here Attorney General William Barr said Thursday that President Donald Trump should stop tweeting about the Department of Justice, complaining that the president’s comments “make it impossible for me to do my job.” Barr’s unusual critique of his boss came in......
Reuters - Business

Kraft Heinz misses sales expectations as demand for bacon, cheese falls

Reuters
FILE PHOTO: Bottles of Heinz tomato ketchup of U.S. food company Kraft Heinz are offered at a supermarket of Swiss retail group Coop in Zumikon, Switzerland December 13, 2016. REUTERS/Arnd Wiegmann CHICAGO (Reuters) – Kraft Heinz Co (KHC.O) on Thursday reported a 5.1% fall in quarterly sales, missing estimates due......
Reuters - Business

Barclays chief Staley probed over Epstein ties

Reuters
LONDON (Reuters) – Britain’s financial regulators are probing historical links between Barclays Chief Executive Jes Staley and the U.S. financier Jeffrey Epstein, who killed himself while awaiting trial on sex trafficking charges, the bank said on Thursday. Barclays said its board had looked into media reports on Staley’s relationship with......
Reuters - Business

Nissan slashes profit outlook after sales slide, says more restructuring needed

Reuters
YOKOHAMA (Reuters) – Nissan Motor Co (7201.T) on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a company still reeling from the scandal surrounding former leader Carlos Ghosn. Nissan Motor Co CEO Makoto......
Reuters - Business

Improving Nestle reins in growth ambitions

Reuters
VEVEY, Switzerland (Reuters) – Food giant Nestle will hit its 2020 organic growth target later than envisaged, it said on Thursday after posting its highest annual growth in four years and improved profitability. Hirz yogurts by Nestle are pictured in the supermarket of Nestle headquarters in Vevey, Switzerland, February 13,......
Reuters - Business

Nissan slashes full-year profit forecast after sales slump

Reuters
Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Nissan Motor Co (7201.T) on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure on new management to fix a......
Reuters - Business

Barclays CEO probed over Epstein ties, overshadowing profit gains

Reuters
FILE PHOTO: Barclays’ CEO Jes Staley arrives at 10 Downing Street in London, Britain january 11, 2018. REUTERS/Peter Nicholls LONDON (Reuters) – Barclays on Thursday said Britain’s financial regulators are probing the historical links between Chief Executive Jes Staley and the U.S. financier Jeffrey Epstein, who killed himself while awaiting......
Reuters - Business

Souring energy loans wipe out ABN Amro’s profit growth

Reuters
AMSTERDAM (Reuters) – Souring energy loans eroded ABN Amro’s (ABNd.AS) fourth quarter profit growth, it said on Wednesday, prompting the Dutch bank to launch another review of its trade and commodity finance operations. FILE PHOTO: ABN AMRO logo is seen at the headquarters in Amsterdam, Netherlands May 14, 2019. REUTERS/Piroschka......
Reuters - Business

Daimler’s Mercedes sales drive higher but charges put brakes on profit

Reuters
STUTTGART, Germany (Reuters) – Daimler (DAIGn.DE) reported a 64% fall in 2019 net profit, its largest drop in a decade, despite record high Mercedes-Benz sales as CEO Ola Kaellenius signed off on more than 5 billion euros ($5.46 billion) in legal and restructuring charges. Shares in the German automaker rose......
Reuters - Business

Austria’s AMS aims for domination agreement with Osram

Reuters
FILE PHOTO: The logo of German lighting manufacturer Osram is illuminated at the company’s headquarters in Munich, Germany, September 16, 2019. REUTERS/Andreas Gebert/File Photo VIENNA (Reuters) – Austrian sensor specialist AMS (AMS.S) (AMS.VI) made clear on Monday that it aims to secure a so-called domination agreement with Osram (OSRn.DE) to......

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