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Berkshire Hathaway event gives good view of Warren Buffett’s successor but also raises new questions
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Wednesday, May 1
by
SRN News
Biden approves $6.1 billion in student loan debt relief for Art Institute enrollees
WASHINGTON (Reuters) – President Joe Biden on Wednesday announced the approval of more than $6.1 billion in student loan debt relief for nearly 317,000 borrowers who were enrolled at any Art Institute campus from January 2004 until October 2017. The Art ...
Tuesday, April 30
by
SRN News
Cruise operator Viking prices IPO within range to raise $1.54 billion
By Echo Wang (Reuters) -Cruise operator Viking Holdings on Tuesday priced its initial public offering (IPO) within its targeted range at $24 per share, confirming a Reuters report on the matter. The company previously aimed to price its IPO between $21 and $25 apiece. The IPO ...
Tuesday, April 30
by
SRN News
Warren Buffett’s PacifiCorp faces $30 billion of new wildfire claims
By Jonathan Stempel (Reuters) -A utility owned by Warren Buffett’s Berkshire Hathaway faces $30 billion of new claims blaming it for causing Oregon wildfires in 2020, nearly four times the maximum loss it had projected. One thousand victims filed claims against the PacifiCorp utility on Monday ...
Tuesday, April 30
by
ABC News
Americans older than 60 lost $3.4 billion to scams in 2023: FBI
(NEW YORK) -- People older than 60 lost more money in scams in 2023 than the previous year -- an 11% increase totaling more $3.4 billion overall, according to a new report released by the FBI on Tuesday.Commonly known as "elder fraud," financial crimes ...
Tuesday, April 30
by
SRN News
Scammers stole more than $3.4 billion from older Americans last year, an FBI report says
WASHINGTON (AP) — Scammers stole more than $3.4 billion from older Americans last year, according to an FBI report released Tuesday that shows a rise in losses through increasingly sophisticated criminal tactics to trick the vulnerable into giving up their life savings. Losses from scams ...
Tuesday, April 30
by
SRN News
Weight-loss drug drives Eli Lilly to raise 2024 sales forecast by $2 billion
By Bhanvi Satija and Patrick Wingrove (Reuters) -Explosive demand and increased manufacturing capacity for Eli Lilly’s weight-loss drug Zepbound drove the company to raise its annual sales forecast by $2 billion on Tuesday, lifting its shares nearly 6%. Lilly said it expects significant production ...
Tuesday, April 30
by
SRN News
Eli Lilly lifts 2024 sales view by $2 billion on weight-loss drug demand
(Reuters) -Eli Lilly raised its annual revenue forecast by $2 billion on Tuesday due to strong demand and plans to increase production of its weight-loss treatment Zepbound and related diabetes drug Mounjaro, lifting its shares about 7% premarket. Sky-rocketing demand for Mounjaro and ...
Tuesday, April 30
by
SRN News
Japan’s Ono Pharma says $2.4 billion Deciphera purchase ‘first step’ for global expansion
By Rocky Swift TOKYO (Reuters) – Japan’s Ono Pharmaceutical Co said on Tuesday its $2.4 billion takeover of Deciphera Pharmaceuticals is a “first step” in expanding in U.S. and European markets. WHY IT’S IMPORTANT With this deal, Ono Pharma joins Japanese rivals Takeda ...
Tuesday, April 30
by
SRN News
Microsoft will invest $1.7 billion in AI and cloud infrastructure in Indonesia
JAKARTA, Indonesia (AP) — Microsoft will invest $1.7 billion over the next four years in new cloud and artificial intelligence infrastructure in Indonesia — the single largest investment in Microsoft’s 29-year history in the country — Microsoft CEO Satya Nadella said Tuesday. Microsoft runs one ...
Monday, April 29
by
SRN News
NBC plans about $2.5 billion offer for NBA broadcast rights, WSJ reports
(Reuters) -Comcast’s NBCUniversal is planning to pay an average of about $2.5 billion a year to broadcast a package of National Basketball Association (NBA) games, the Wall Street Journal reported on Monday, citing people familiar with the matter. Warner Bros Discovery’s TNT has paid ...
Monday, April 29
by
SRN News
Winner of $1.3 billion Powerball jackpot is an immigrant from Laos who has cancer
SALEM, Ore. (AP) — One of the winners of a historic $1.3 billion Powerball jackpot last month is an immigrant from Laos who has had cancer for eight years and had his latest chemotherapy treatment last week. Cheng “Charlie” Saephan, of Portland, told a news ...
Monday, April 29
by
ABC News
Immigrant battling cancer among trio who won $1.326 billion Powerball ticket: Oregon Lottery
(SALEM, Ore.) -- The winners of the $1.326 billion Powerball ticket were officially revealed by the Oregon Lottery on Monday.During a press conference at the Oregon Lottery Headquarters in Salem, Oregon, husband and wife Cheng and Duanpen Saephan and their friend Laiza Chao were ...
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