SAN FRANCISCO (AP) — Twitter has announced a subscription service for $7.99 a month that includes a blue check now given only to verified accounts as new owner Elon Musk works to overhaul the platform’s verification system just ahead of U.S. midterm elections. In an update to Apple iOS devices available in the U.S., Canada,…
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc could soon see a boost to its bottom line after changing its accounting for its big stake in Occidental Petroleum Corp. In its quarterly report on Saturday, Berkshire said it adopted the equity method of accounting for its 20.9% stake in Occidental, which is worth…
By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit nevertheless rose by 20%, topping analyst forecasts. Berkshire benefited from increased demand and prices for…
As Sharon Wilson pulled up to the BP site in Texas last June, production tanks towered above the windblown grass roughly 60 miles southeast of San Antonio. Cows and pumpjacks lined the roadsides. All looked placid. But when Wilson flipped on a high-tech video camera, a disquieting image became visible: A long black plume poured…
By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a $2.69 billion third-quarter loss as rising inflation, falling stock investments and a big loss from Hurricane Ian offset improvement in many of the conglomerate’s businesses. Operating profit, meanwhile, rose by 20%, as Berkshire benefited from increased demand and prices for new home…
(Reuters) -Warren Buffett’s Berkshire Hathaway Inc on Saturday posted a third-quarter loss, as falling stock investments and a big loss from Hurricane Ian offset improvement in many of its industrial businesses. Berkshire also took advantage of declining equity markets to buy more stocks, purchasing a net $3.7 billion in the quarter and building a now…
By Daniel Wiessner (Reuters) -Twitter Inc has begun laying off employees under its new owner, Elon Musk. The San Francisco-based social media giant is expected to terminate up to 3,700 people – half of its workforce – on Friday, according to internal plans reviewed by Reuters this week. Twitter is already facing a proposed class…
MILAN (AP) — Italy allowed a humanitarian rescue ship carrying 179 migrants to enter a Sicilian port and begin disembarking minors early Sunday, while refusing to respond to requests for safe harbor from three other ships carrying 900 more people in nearby waters. Italy’s new far-right-led government has closed its ports to rescue ship run…
PARIS (AP) — European lawmaker Jordan Bardella replaced his mentor Marine Le Pen on Saturday at the helm of France’s leading far-right party, pledging to protect French civilization from perceived threats posed by immigration and defending a party member who made a racist remark in parliament. Bardella, 27, won an internal party vote with 85%…
KYIV, Ukraine (AP) — Ukraine’s state electricity operator on Saturday announced blackouts in Kyiv and seven other regions of the country in the aftermath of Russia’s devastating strikes on energy infrastructure. The move comes as Russian forces continue to pound Ukrainian cities and villages with missiles and drones, inflicting damage on power plants, water supplies…
