Business & Finance News
OMAHA, Neb. (Reuters) – China’s growing middle class is becoming a bigger force in global tourism. For a case in point, look no further than Nebraska the week of the Berkshire Hathaway Inc annual shareholders’ meeting.
(Reuters) – Activist investors Carl Icahn and Darwin Deason would consider a bid for Xerox Corp of $40 per share, or a split with Fujifilm that left the company independent, to resolve an ongoing proxy fight, they said in a letter on Monday.
LOS ANGELES/LONDON (Reuters) – Swiss-based Nestle , the world’s largest food and beverage company, will pay Starbucks Corp $7.15 billion in cash for exclusive rights to sell the U.S. chain’s packaged coffees and teas around the world, tying a premium brand to Nestle’s global distribution muscle.
(Reuters) – Wall Street rose on Monday as energy stocks were boosted by U.S. crude hitting $70 per barrel for the first time since late 2014, while technology shares were lifted by Apple’s sixth day of gains.
(Reuters) – Billionaire investor Carl Icahn has sold his stake in American International Group Inc , ending a more than two-year association with one of the largest U.S. property and casualty insurers, according to a person familiar with the matter.
(Reuters) – Walmart Inc said on Monday it would restrict opioid prescriptions to no more than a seven-day supply as the retailer aims to curb an opioid epidemic that has plagued the United States.
OMAHA, Neb. (Reuters) – The first question Warren Buffett was asked at Berkshire Hathaway Inc’s annual meeting on Saturday was whether he was “semi-retired,” having given four lieutenants oversight over the company’s operating businesses and some investments.
(Reuters) – Wall Street was higher on Monday as U.S. crude hit $70 per barrel for the first time since late 2014, while shares of technology companies were lifted by Apple’s sixth day of gains.
NEW YORK (Reuters) – Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it.
(Reuters) – IT services firm Cognizant lowered its forecast for annual earnings on Monday saying that it now expected to pay higher taxes than previously thought, driving its shares down 6 percent.
NEW YORK (Reuters) – Oil prices rose to their highest levels since late 2014 on Monday, boosted by the latest troubles for Venezuelan oil company PDVSA and a looming decision on whether the United States will re-impose sanctions on Iran.
(Reuters) – Billionaire investor Carl Icahn has sold his stake in U.S. insurer AIG , Forbes reported ( https://www.forbes.com/sites/nathanvardi/2018/05/07/carl-icahn-has-sold-his-big-stake-in-aig/#5c544732423d ) on Monday.
GENEVA (Reuters) – The World Trade Organization’s appeals judges will rule next week on whether the United States has grounds to slap trade sanctions on European Union for subsidizing planemaker Airbus , they said on Monday.
(Reuters) – U.S. stocks rose on Monday as oil prices hit $70 per barrel for the first time since November 2014, while those in technology companies rose led by second day of gains for Apple.
(Reuters) – IT services firm Cognizant Technology Solutions Corp lowered its forecast for annual earnings due to a higher-than-expected tax rate, driving its shares down 4 percent on Monday.
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