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U.S. regulators reconsider capital hike for big banks, WSJ reports
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SRN News
Cyclone Hidaya weakens as it moves toward Tanzania’s coastline, officials say
NAIROBI, Kenya (AP) — Cyclone Hidaya significantly weakened as it approached Tanzania’s coastline, the country’s meteorology department said Saturday. Officials warned residents to remain cautious, however, as the cyclone brings heavy rain and strong winds to the country through Sunday. The meteorology department did not ...
Saturday, May 4
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SRN News
Thousands pack Omaha arena to soak up guru investor Warren Buffett’s wisdom
OMAHA, Neb. (AP) — Warren Buffett’s Berkshire Hathaway reported a steep drop in earnings Saturday as the paper value of its investments plummeted and it pared its Apple holdings. Nevertheless, tens of thousands of shareholders looked forward to hearing from Buffett directly, buoyed by ...
Saturday, May 4
by
SRN News
Boeing locks out its private firefighters around Seattle over pay dispute
Boeing has locked out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and brought in replacements after the latest round of negotiations with the firefighters’ union failed to deliver an agreement on wages. The company said Saturday that it ...
Saturday, May 4
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SRN News
Berkshire Hathaway’s profits plunge 64% even as thousands gather to soak up Buffett’s wisdom
OMAHA, Neb. (AP) — Warren Buffett’s Berkshire Hathaway reported a steep drop in earnings Saturday as the paper value of its investments plummeted and it pared its Apple holdings. Nevertheless, tens of thousands of shareholders looked forward to hearing from Buffett directly, buoyed by ...
Saturday, May 4
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SRN News
Berkshire exec calls wildfire claims against utility ‘unfounded’
NEW YORK (Reuters) – Berkshire Hathaway, the conglomerate led by Warren Buffett, will fight all lawsuits brought against its utility business due to wildfires as the cases are “unfounded,” a top executive said on Saturday. Greg Abel, who is widely recognised ...
Saturday, May 4
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SRN News
At Berkshire shareholder meeting, Buffett exhorts successors, pays tribute to Munger
By Jonathan Stempel and Koh Gui Qing OMAHA, Nebraska (Reuters) -Warren Buffett took the stage at Berkshire Hathaway’s annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger while outlining the expanded roles of the executives who are designated to eventually succeed ...
Saturday, May 4
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ABC News
April jobs report misses expectations, signaling a possible slowdown
(NEW YORK) -- A worse-than-expected jobs report on Friday offered the latest evidence of an economic slowdown that could help ease inflation and trigger interest rate cuts. The trend, however, threatens to downshift the nation’s brisk economic growth.Employers hired 175,000 workers last month, falling ...
Saturday, May 4
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SRN News
Buffett takes stage at Berkshire meeting, pays tribute to Munger, cuts Apple stake
By Jonathan Stempel and Koh Gui Qing OMAHA, Nebraska (Reuters) – Warren Buffett took the stage at Berkshire Hathaway’s annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger who died last year and outlining Berkshire’s goal to ...
Saturday, May 4
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SRN News
Boeing is on the verge of launching astronauts aboard new capsule, the latest entry to space travel
CAPE CANAVERAL, Fla. (AP) — After years of delays and stumbles, Boeing is finally poised to launch astronauts to the International Space Station for NASA. It’s the first flight of Boeing’s Starliner capsule with a crew on board, a pair of NASA pilots who will ...
Saturday, May 4
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SRN News
Berkshire pares huge Apple stake as cash, operating profit set records
By Jonathan Stempel OMAHA, Neb. (Reuters) – Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett’s conglomerate let its cash hoard swell to a record $189 billion. Buffett’s company also posted a record operating profit ...
Saturday, May 4
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SRN News
Berkshire shareholders descend as Buffett hosts 60th Omaha meeting, cuts Apple stake
By Jonathan Stempel and Koh Gui Qing OMAHA, Nebraska (Reuters) -Warren Buffett will take center stage at Berkshire Hathaway’s annual meeting on Saturday as shareholders, some having traveled long distances, arrived to see the famed investor as well as his expected successor. The meeting is the ...
Saturday, May 4
by
SRN News
Boeing is on the verge of launching astronauts aboard new capsule, the newest entry to space travel
CAPE CANAVERAL, Fla. (AP) — After years of delays and stumbles, Boeing is finally poised to launch astronauts to the International Space Station for NASA. It’s the first flight of Boeing’s Starliner capsule with a crew on board, a pair of NASA pilots who will ...
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