(This Feb. 26 story has been refiled to fix the syntax in the headline) By Niket Nishant (Reuters) – Warren Buffett-led Berkshire Hathaway’s shares closed down by more than 2% on Monday, slowing its march to $1 trillion market value on investor worries after the U.S. government warned of a lawsuit against its power company,…
By Erwin Seba HOUSTON (Reuters) – Oil prices gained on Monday as European diesel demand, constrained by Russian sanctions and shipping disruptions, pulled prices higher in a market jittery with U.S. refinery output limited by planned overhauls, analysts said. Brent crude futures settled with a gain of 91 cents, or 1.11%, at $82.53 a barrel….
By Melanie Burton and Echha Jain MELBOURNE (Reuters) -U.S. aluminium producer Alcoa on Monday made a $2.2 billion all-stock buyout proposal for its Australian joint venture partner Alumina, in a deal that would give it greater upstream exposure and simplify its operations. Alumina’s only asset is a 40% stake in the Alcoa World Alumina and…
By David Shepardson WASHINGTON (Reuters) -AT&T will award billing credits to consumers impacted or potentially impacted earlier this week by a significant wireless outage because of the disruption, the company said late on Saturday. AT&T, whose 5G network covers around 290 million people across the United States, grappled with interruptions to its service for more…
By James Oliphant (Reuters) -Frontrunner Donald Trump was hoping to use a sizable victory in South Carolina’s Republican primary on Saturday to persuade rival Nikki Haley to drop out of the presidential race. While the outcome put Trump even closer to clinching the party’s nomination, Haley has vowed to press on. Here are some takeaways…
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway on Saturday posted its second straight record annual operating profit, with its insurance business benefiting from improved underwriting and higher income from investments as interest rates rose. Net income also reached a record $96.2 billion, as the rising stock market boosted the value of Berkshire’s $354…
By James Oliphant (Reuters) – Donald Trump wants to make South Carolina the end of the road for Nikki Haley in their battle for the Republican nomination. Haley aims to survive and take their fight into the multistate Super Tuesday contest in March. Opinion polls show the former U.S. president with a clear advantage in…
By Akash Sriram, Harshita Mary Varghese and Joey Roulette (Reuters) -Shares of moon lander maker Intuitive Machines tumbled 30% in extended trade, wiping out a Friday rally after the company said its spacecraft had tipped over shortly after touching down on the lunar surface a day earlier. The stock of the first private company to…
By David Shepardson (Reuters) -Ford Motor said on Friday it had halted shipments of all 2024 model year F-150 Lightning electric pickup trucks, so it could perform quality checks for an issue it did not specify. The No. 2 U.S. automaker said the shipment halt began on Feb. 9. It did not say when it…
(Reuters) – Blackstone Inc Chief Executive Steve Schwarzman took home $896.7 million in pay and dividends last year, a 29% decline from his record take in 2022, according to a regulatory filing on Friday. Schwarzman reaped over $1.26 billion in pay and dividends for 2022, including more than $1 billion in dividends from his shares…
