(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…
By Daniel Trotta (Reuters) – Nike Inc. on Friday suspended its relationship with Brooklyn Nets star Kyrie Irving and canceled its next Irving-branded shoe release in the aftermath of his promotion of an anti-Semitic documentary. The Nets had already suspended Irving at least five games after he stopped short of fully disavowing the documentary on…
By Khanh Vu HANOI (Reuters) -Vietnam will stick to its target to keep inflation under control and ensure macroeconomic stability, Prime Minister Pham Minh Chinh said on Saturday, as the economy faces fresh challenges. The Southeast Asian economy has rebounded from the COVID-19 pandemic, but has recently faced numerous challenges, with weakening global demand and…
SHENZHEN, China (Reuters) – The C919 narrowbody jet will join the opening flight display in China’s biggest air show in the southern city of Zhuhai on Tuesday, according to a schedule posted by the organisers, in what will be its first public flight or display. The C919, made by Commercial Aircraft Corp of China (COMAC),…
TOKYO (Reuters) -Japan’s government warned on Saturday that new electric vehicle tax credits in the United States could ultimately deter further investment by the Japanese there and hit employment in the world’s biggest economy. In a comment submitted to the U.S. Treasury Department, the government raised a number of concerns about the tax credits in…
TOKYO (Reuters) – Japan’s Honda Motor Co unveiled the second model of its new China-only electric vehicle (EV) lineup on Saturday, targeting the fast-growing, battery-driven car segment in the world’s largest auto market. The Japanese automaker said last year it planned to roll out EV models under a new brand called “e:N Series” over the…
(Reuters) -An arbitrator on Friday reaffirmed Fox Corp’s right to acquire a nearly one-fifth stake in FanDuel, settling a longstanding dispute with the betting app’s owner, Flutter Entertainment Plc. The New York-based Judicial Arbitration and Mediation Services tribunal ruled that Fox has a 10-year option to acquire an 18.6% stake of FanDuel for $3.7 billion….
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed higher on Friday in volatile trade to snap a four-session losing streak as investors wrestled with a mixed jobs report and comments from Federal Reserve officials on the pace of interest rate hikes. The S&P 500 and the Nasdaq each rose as much as 2%…
(Reuters) – The Contra Costa County District Attorney on Friday said it has reached a settlement with Chevron Corp over a diesel spill into the San Francisco Bay from the company’s 245,271 barrel-per-day Richmond, California refinery last year. Officials did not release financial details of the settlement, and Chevron was not immediately unavailable for comment….
