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UAW workers ratify US labor deal with Daimler Truck
Warren Buffett says taxes may rise to offset widening US deficits
NEW YORK (Reuters) -Warren Buffett said he expects the U.S. government to increase taxes to tackle widening fiscal deficits rather than reduce spending. "I think higher taxes are likely," he said on Saturday at Berkshire Hathaway's annual shareholder ...
Buffett talks succession and Berkshire's future at annual meeting
(Reuters) -Warren Buffett took the stage at Berkshire Hathaway's annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger, outlining the expanded roles of the executives who are designated to eventually succeed him ...
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 ...
Atos creditors reach deal to rescue debt-laden group, La Tribune says
PARIS (Reuters) - Creditors have reached an agreement that could rescue tech firm Atos, which secures communications for the French army and is set to manage cybersecurity for this summer's Paris Olympic Games, La Tribune newspaper reported on ...
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 ...
Buffett says Berkshire in good hands, lauds Apple despite lowering stake
By Jonathan Stempel and Koh Gui Qing OMAHA, Nebraska (Reuters) -Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire ...
Russian suspected cybercrime kingpin pleads guilty in US, TASS reports
MOSCOW (Reuters) - Alexander Vinnik, a Russian suspected cybercrime kingpin who was arrested in Greece in 2017, convicted of money laundering in France three years later and is now awaiting trial in California, has pleaded partially guilty, TASS ...
Fed's Goolsbee: US rate-path 'dot plot' needs more context
PALO ALTO, California (Reuters) - The U.S. Federal Reserve should beef up its quarterly "dot plot" of policymakers' interest-rate-path views by including the individual economic expectations that inform each one, Austan Goolsbee, president of the ...
Paramount will let exclusive talks with Skydance lapse, NYT reports
(Reuters) - Paramount Global will end its exclusive negotiations with Skydance Media without reaching a deal, the New York Times reported on Friday, citing people familiar with the matter. Shares of the media giant rose 3% in extended trading. A ...
Luminar to cut nearly 20% jobs as part of restructuring
(Reuters) - Luminar Technologies, a maker of lidar sensors for self-driving cars, said on Friday that it would cut its workforce by about 20%, as part of a restructuring plan for the current year. As of December last year, the company had nearly ...