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

Pinterest shares surge after Elliott discloses it is the largest shareholder

Pinterest shares surge after Elliott discloses it is the largest shareholder

Screens display the company logo for Pinterest Inc. during the company’s IPO on the front of the New York Stock Exchange (NYSE) in New York, US, April 18, 2019. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Activist investor Elliott Investment Management disclosed on Monday it had become … Read more

Meta posts first-ever revenue drop as inflation throttles ad sales

Meta posts first-ever revenue drop as inflation throttles ad sales

Facebook’s new rebrand logo Meta is seen on smartpone in front of displayed logo of Facebook, Messenger, Intagram, Whatsapp, Oculus in this illustration picture taken October 28, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register July 27 (Reuters) – Meta Platforms Inc (META.O) issued a gloomy forecast after recording its first … Read more

Breakingviews: GE is fine, it’s everyone else that’s the problem

Breakingviews: GE is fine, it’s everyone else that’s the problem

Technicians build LEAP engines for jetliners at a new, highly automated General Electric (GE) factory in Lafayette, Indiana, US on March 29, 2017. REUTERS/Alwyn Scott/File Photo Register now for FREE unlimited access to Reuters.com Register NEW YORK, July 26 (Reuters Breakingviews) – No man is an island, but General Electric (GE.N) boss Larry Culp might … Read more

Microsoft soothes market fears with forecast for strong revenue growth

Microsoft soothes market fears with forecast for strong revenue growth

A Microsoft logo is seen in Los Angeles, California US November 7, 2017. REUTERS/Lucy Nicholson Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Microsoft Corp (MSFT.O) on Tuesday forecast revenue this fiscal year would grow by double digits, driven by demand for cloud computing services and sending shares up 5%. … Read more

Overwhelmed Ontario ERs and health system a ‘sinking Titanic’

Overwhelmed Ontario ERs and health system a ‘sinking Titanic’

The wait times have never been longer at some emergency rooms. Patients are showing up sicker, needing more tests, treatments and beds. There’s an “unprecedented” shortage of nurses, which has forced some hospitals to operate short-staffed or to temporarily close or scale back ERs. Meanwhile, surgeons race to clear backlogs in hospitals that never fully … Read more

Tesla plays ‘whack-a-mole’ with snags as deliveries fall for first time in two years

Tesla plays ‘whack-a-mole’ with snags as deliveries fall for first time in two years

July 5 (Reuters) – Tesla Inc (TSLA.O) faces a series of hurdles ranging from production snags to rising inflation that may hit profits, Wall Street analysts said on Tuesday, as the electric-car maker reported a fall in deliveries for the first time in two years. Stung by China’s COVID-19 lockdowns and soaring costs, Tesla said … Read more

Bed Bath & Beyond replaces CEO Tritton as sales sink

Bed Bath & Beyond replaces CEO Tritton as sales sink

June 29 (Reuters) – Bed Bath & Beyond Inc (BBBY.O) on Wednesday replaced Chief Executive Officer Mark Tritton as part of a management shake-up to reverse a slump in its business, the home goods retailer said. Shares fell 13% in premarket trading as the company’s first-quarter net sales slumped 25%, rounding off a year of … Read more

Boeing shares plunge on array of charges, 737 MAX target in doubt

Boeing shares plunge on array of charges, 737 MAX target in doubt

April 27 (Reuters) – Boeing Co (BA.N) unveiled $2.7 billion in charges and added costs across its aircraft portfolio on Wednesday, and expressed doubts over hitting jet delivery targets as technical problems, inflation and supplier risks cloud its path toward recovery. Shares of the US planemaker fell to a nearly 1-1/2 year low after it … Read more