Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway posts massive .8 billion loss;  operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – The slide in US stock prices … Read more

EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

EXCLUSIVE Tencent seeks bigger stake in ‘Assassin’s Creed’ maker Ubisoft -sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to raise its stake in French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social network and gaming firm, which bought a … Read more

Evergrande offers sweetener for debt revamp as China property crisis worsens

Evergrande offers sweetener for debt revamp as China property crisis worsens

A partially removed company logo of China Evergrande Group is seen on the facade of its headquarters, near a traffic light in Shenzhen, Guangdong province, China January 10, 2022. REUTERS/David Kirton Register now for FREE unlimited access to Reuters.com Register HONG KONG, July 29 (Reuters) – China Evergrande Group will offer its offshore creditors asset … Read more

China agrees to more EU cooperation but silent on frozen pact

China agrees to more EU cooperation but silent on frozen pact

An attendant walks past EU and China flags ahead of the EU-China High-level Economic Dialogue at Diaoyutai State Guesthouse in Beijing, China June 25, 2018. REUTERS/Jason Lee/ Register now for FREE unlimited access to Reuters.com Register BEIJING, July 19 (Reuters) – China agreed to coordinate economic policies with the European Union, liberalize trade and investment, … Read more

Wall Street closes sharply higher on strong corporate earnings

Wall Street closes sharply higher on strong corporate earnings

Boeing raises on deal to sell jets to 777 Partners Johnson & Johnson and IBM fall on dollar impact warning Halliburton, Hasbro, Truist rise after profit beat Indexes Up: Dow 2.43%, S&P 500 2.76%, Nasdaq 3.11% Biggest one-day percentage gain for Nasdaq since June 24 July 19 (Reuters) – US stocks closed with sharp gains … Read more

Rogers network outage across Canada hits banks, businesses and consumers

Rogers network outage across Canada hits banks, businesses and consumers

General view of the Rogers Building, quarters of Rogers Communications in Toronto, Ontario, Canada October 22, 2021. REUTERS/Carlos Osorio Register now for FREE unlimited access to Reuters.com Register Rogers dominates Canada’s telecom sector Banking services down, transportation disrupted Outage renews criticism over telecom sector competition TORONTO/OTTAWA, July 8 (Reuters) – A major network outage at … Read more

The ‘Big Package’: How Russia was driven to default

The ‘Big Package’: How Russia was driven to default

European Commission President Ursula von der Leyen arrives for the European Union leaders summit, as EU’s leaders attempt to agree on Russian oil sanctions in response to Russia’s invasion of Ukraine, in Brussels, Belgium May 30, 2022. REUTERS/Johanna Geron//File Photo Register now for FREE unlimited access to Reuters.com Register LONDON, June 27 (Reuters) – Russia’s … Read more

EXCLUSIVE Twitter under shareholder pressure to seek deal with Musk, sources say

EXCLUSIVE Twitter under shareholder pressure to seek deal with Musk, sources say

Elon Musk’s twitter account is seen on a smartphone in this photo illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register April 24 (Reuters) – Twitter Inc (TWTR.N) is coming under increasing pressure from its shareholders to negotiate with Elon Musk even though the world’s richest person has … Read more

Ackman gives up on Netflix, taking $400 mln loss as shares tumble

Ackman gives up on Netflix, taking 0 mln loss as shares tumble

April 20 (Reuters) – Billionaire investor William Ackman liquidated a $1.1 billion bet on Netflix (NFLX.O) on Wednesday, locking in a loss of more than $400 million as the streaming service’s stock plunged following news that it lost subscribers for the first time in a decade. Ackman’s hedge fund Pershing Square Capital Management made an … Read more

Musk says US SEC ‘bastards’ forced settlement over Tesla tweets

Musk says US SEC ‘bastards’ forced settlement over Tesla tweets

April 14 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk on Thursday stepped up criticism of the US securities regulator, calling Securities and Exchange Commission officials “bastards” for bringing fraud charges against him over his 2018 tweets regarding taking the company private. On the day he made major news by unveiling a $43 billion cash … Read more