(Reuters) -The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter as the company run by billionaire Warren Buffett posted a $43.8 billion loss. Berkshire nevertheless posted better operating results, as improved results from reinsurance and the BNSF railroad offset a loss from the Geico car insurer, where car…
(Reuters) -The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter as the company run by billionaire Warren Buffett posted a $43.8 billion loss, though operating results improved with better results from insurance and the BNSF railroad. Berkshire said on Saturday that its net loss was equivalent to $29,754…
ZURICH (Reuters) – Credit Suisse is not exposed to any large losses among lenders to embattled Mexican firm Credito Real, the Swiss bank said on Saturday, contradicting earlier media reports. Mexican newspaper El CEO citing documents said Credit Suisse is owed over $100 million by Credito Real, which has begun bankruptcy proceedings over $2.6 billion…
BEIRUT (AP) — A ship bringing corn to Lebanon’s northern port of Tripoli normally would not cause a stir. But it’s getting attention because of where it came from: Ukraine’s Black Sea port of Odesa. The Razoni, loaded with more than 26,000 tons of corn for chicken feed, is emerging from the edges of a…
(Reuters) -Elon Musk said that if Twitter Inc. could provide its method of sampling 100 accounts and how it confirmed that the accounts are real, his $44 billion deal to buy the company should proceed on its original terms. “However, if it turns out that their SEC filings are materially false, then it should not,”…
By Anna Ringstrom and Jacob Gronholt-Pedersen STOCKHOLM (Reuters) -Swedish, Danish and Norwegian pilot union members have voted to adopt a collective bargaining agreement reached with airline SAS last month, and will thus not resume their strike, the labour unions said on Saturday. SAS grounded some 3,700 flights during a crippling 15-day strike in July. In…
SAO PAULO (Reuters) -The new board of directors of Brazilian power company Eletrobras on Friday chose former CEO Wilson Ferreira Junior to return to the job and elected former Petrobras CEO Ivan Monteiro as chairman of the board of directors, the company said in a statement. Shareholders also appointed a new board of directors for…
SAO PAULO (Reuters) -The board of directors of Brazilian power company Eletrobras on Friday elected Wilson Ferreira Junior as its new chief executive and Ivan Monteiro as chairman of the board of directors. The elections follow shareholders’ appointment of a new board of directors for the newly privatized utility earlier on Friday. Ferreira will take…
SAO PAULO (Reuters) – The board of directors of Brazilian power company Eletrobras on Friday elected Wilson Ferreira Junior as its new chief executive and Ivan de Souza Monteiro as the chairman of the board of directors. (Reporting by Gabriel Araujo; Writing by Brendan O’Boyle; Editnig by Kim Coghill)
By David Shepardson WASHINGTON (Reuters) -Most electric-vehicle models would be ineligible for a $7,500 tax credit for U.S. buyers under a Democratic proposal in the U.S. Senate, a group of major automakers said on Friday. Automakers have been privately expressing concern about the proposal’s increasing requirements for vehicles’ batteries and critical-mineral contents to be sourced…
