A federal judge on Tuesday said Goldman Sachs Group Inc shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis.
Soros Fund Management LLC added Facebook Inc , Apple Inc and Twitter Inc , but trimmed stakes in Alphabet Inc and Amazon.com Inc in the quarter through June, according to a regulatory filing on Tuesday.
Recent tests show lasers are a viable weapon for defense against drones — but are they a viable revenue stream for Raytheon? …read more […]
CNBC’s Jim Cramer gives his take on investors betting against Tesla and Elon Musk. …read more […]
Berkshire Hathaway Inc. filed an update on its U.S. stock portfolio with the Securities and Exchange Commission on Tuesday. Berkshire held nearly 252 million Apple shares at the end of June, up from 239.57 million in March. Berkshire had said Monday that it reduced some of its investments in airline and banking companies, such as American Airlines and U.S. Bancorp, because it seeks to own no more than 10 percent of any firm and those companies have been repurchasing stock. …read more […]
Lockheed Martin Corp has been awarded a U.S. Air Force contract worth up to $2.9 billion for three missile warning satellites, the Air Force said on Tuesday.
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel’s Teva Pharmaceutical Industries Ltd during the second quarter and … …read more […]
Edward Lampert wants to slim Sears down so it can stay standing. Lampert, the chief executive officer of Sears as well as its largest shareholder, is proposing to use his hedge fund ESL Investments Inc. to buy the store’s Kenmore and Sears Home Improvement businesses at a valuation of around $470 million, according to a regulatory filing Tuesday. “We are prepared to move as quickly as possible to complete these transactions, which is in the best interest of all parties involved,” ESL said in a emailed statement to Bloomberg News. …read more […]
The ‘Oracle of Omaha’ has started embracing tech and it’s paying off for Berkshire Hathaway. …read more […]
Tesla Inc’s board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk’s potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal.
Tribune Media Co said Tuesday it will pay bonuses to executives who worked for more than 15 months on its failed merger with Sinclair Broadcast Group Inc .
Warren Buffett’s Berkshire Hathaway Inc boosted its investments in Goldman Sachs Group Inc and Israel’s Teva Pharmaceutical Industries Ltd during the second quarter and confirmed it has expanded its already huge bet on iPhone maker Apple Inc .
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) boosted its investments in Goldman Sachs Group Inc (GS.N) and Israel’s Teva Pharmaceutical Industries Ltd (TEVA.TA) during … …read more […]
Kroger Co has partnered with Alibaba Group Holding Ltd to sell nuts, supplements and other products in China, venturing outside the United States for the first time in what is fast becoming a fierce global battle to dominate online grocery sales.
Bayer AG unit Monsanto faces long odds on an appeal blaming an “inflamed” jury and “junk science” for a verdict of $289 million in damages to a man who said the company’s Roundup weed killer caused his cancer, according to some legal experts.
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