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Berkshire Hathaway not looking to buy a train company, CNBC reports

(Reuters) -Berkshire Hathaway is not in the market to buy a train company, CEO Warren Buffett said to CNBC on Monday. The news comes weeks after reports on Berkshire-owned BNSF being in talks to acquire CSX Corp to create a transcontinental railroad. Shares of CSX ...
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Brazil retail coffee prices could surge amid US tariffs, industry group says

By Roberto Samora SAO PAULO (Reuters) -Retail prices for roasted and ground coffee in Brazil, which have fallen an average of 12% so far in August, could reverse course as costs of raw beans surge for Brazilian roasters, the country’s coffee industry association said on ...
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Squishmallows maker, Build-A-Bear call truce in plush toy legal battle

By Blake Brittain (Reuters) -Jazwares, the Berkshire Hathaway-owned maker of Squishmallows, has agreed to end a lawsuit against Build-A-Bear Workshop over its alleged knockoffs of the popular plush toys, according to a filing in Los Angeles federal court. Jazwares and Build-A-Bear asked the court on Friday ...
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US new home sales fall in July; June sales revised higher

WASHINGTON (Reuters) -Sales of new U.S. single-family homes fell in July following a sharp upward revision to the prior month’s sales pace, and the overall trend remained consistent with a housing market struggling in an environment of high mortgage rates. New home sale units dropped ...
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Democrats ask Trump to resume a major offshore wind project near Rhode Island

A nearly complete wind farm off the coast of Rhode Island and Connecticut faces an uncertain future as the states’ Democratic governors, members of Congress and union workers are calling Monday for the Trump administration to let construction resume. The administration halted construction on the ...
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S&P puts Keurig Dr Pepper on negative credit watch

By Matt Tracy (Reuters) -Ratings agency S&P Global put a negative credit outlook on U.S. soft drinks giant Keurig Dr Pepper after the company announced Monday it will buy Dutch coffee group JDE Peet’s. In a Monday note accompanying their credit outlook downturn on the popular soda ...
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US consumers with prime credit are starting to slip on payments

NEW YORK (Reuters) -U.S. consumers with the highest credit scores are starting to fall behind in debt repayments, credit scoring company VantageScore said in a report published on Monday, in a sign that Americans’ financial health may be deteriorating more broadly. Late repayments over 90 ...
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Currency spikes and Trump tariffs take bite out of European results

By Marleen Kaesebier and John Revill (Reuters) -U.S. tariffs and an appreciation in European currencies caused by dollar weakness have eroded companies’ top line performance in the second quarter, increasing pressure on them to relocate operations or put jobs into the United States. Earlier this month, ...
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Pinault family explores sale of Puma, Bloomberg News reports

(Reuters) -The Pinault family is weighing options for Puma SE, including a sale, Bloomberg News reported on Monday citing people familiar with the matter. The Pinault family owns about 29.3% of the German sportswear brand through Artemis SAS, according to LSEG data. ...
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What to know about the delisting of property developer China Evergrande’s shares in Hong Kong

BANGKOK (AP) — Shares in China Evergrande were removed from the Hong Kong Stock Exchange on Monday, marking another step in the retreat of the giant real estate developer whose downfall contributed to a prolonged crisis in China’s property market. Evergrande’s creditors are still working ...
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Intel warns US stake could hurt international sales, future grants

(Reuters) -Intel said on Monday that the 10% stake by the U.S. government in the chipmaker could pose risks to its business, from potentially harming international sales to limiting its ability to secure future government grants. The company laid out the new “risk factors” in a ...
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White House’s Hassett says U.S. could take stakes in other industries

WASHINGTON (Reuters) -The federal government could take stakes in other U.S. semiconductor companies or even move to other industries, White House economic adviser Kevin Hassett told CNBC in an interview on Monday following its stake in Intel. On the Intel deal, National Economic Council director ...
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