Buffett appears to fault Trump, laments deals dearth in Berkshire letter

Buffett appears to fault Trump, laments deals dearth in Berkshire letter
(Reuters) – Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation’s economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, tours the exhibit hall at the company’s... Read More

Buffett appears to fault Trump, laments M&A dearth in Berkshire shareholder letter

Buffett appears to fault Trump, laments M&A dearth in Berkshire shareholder letter
(Reuters) – Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation’s economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, tours the exhibit hall at the company’s... Read More

Falling stocks, Kraft Heinz trigger huge Berkshire loss

Falling stocks, Kraft Heinz trigger huge Berkshire loss
FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, plays bridge as part of the company annual meeting weekend in Omaha, Nebraska U.S. May 6, 2018. REUTERS/Rick Wilking/File Photo (Reuters) – Sinking stocks and deteriorating prospects from an investment in Kraft Heinz Co pummeled the bottom line of Warren Buffett’s Berkshire Hathaway Inc, which on Saturday reported a large quarterly... Read More

Egypt’s top administrative court lifts ban on Uber, Careem services

Egypt’s top administrative court lifts ban on Uber, Careem services
FILE PHOTO – A man walks near a banner of ride-sharing app Uber during a news conference in Cairo, Egypt, December 4, 2018. REUTERS/Lena Masri CAIRO (Reuters) – Egypt’s top administrative court on Saturday lifted a ban on operations by ride-hailing companies Uber and Careem, which have faced fierce opposition from traditional taxi drivers, a judicial source and lawyer said.... Read More

Flattening U.S. yield curve in late 2018 ‘flashing red’ on economy: Fed’s Williams

Flattening U.S. yield curve in late 2018 ‘flashing red’ on economy: Fed’s Williams
President and Chief Executive Officer of the U.S. Federal Reserve Bank of San Francisco, John Williams, addresses a news conference in Zurich, Switzerland September 22, 2017. REUTERS/Arnd Wiegmann/File Photo NEW YORK (Reuters) – A flattening U.S. yield curve in December, which was close to being inverted, was “flashing red” about a deceleration in U.S. economic growth heading into 2019, despite... Read More

FCA sets $14 million annual target compensation for CEO Manley: filing

FCA sets $14 million annual target compensation for CEO Manley: filing
FILE PHOTO: Fiat Chrysler Automobiles (FCA) CEO Mike Manley arrives at the memorial service held in honor of former CEO Sergio Marchionne in Turin, Italy, September 14, 2018. REUTERS/Massimo Pinca/File Photo DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCA) has set an annual compensation target for Chief Executive Officer Mike Manley consisting of pay, cash and equity bonuses of $14... Read More

FCA sets annual target compensation for CEO Manley of $14 million: filing

FCA sets annual target compensation for CEO Manley of $14 million: filing
FILE PHOTO: Fiat Chrysler Automobiles (FCA) CEO Mike Manley arrives at the memorial service held in honor of former CEO Sergio Marchionne in Turin, Italy, September 14, 2018. REUTERS/Massimo Pinca/File Photo DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCA) has set an annual compensation target for Chief Executive Officer Mike Manley consisting of pay, cash and equity bonuses of $14... Read More

S&P 500 posts highest close since November 8 on trade optimism

S&P 500 posts highest close since November 8 on trade optimism
NEW YORK (Reuters) – The S&P 500 posted its highest closing level since Nov. 8 on Friday as investors clung to signs of progress in the ongoing trade talks between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 22, 2019. REUTERS/Brendan McDermid Investors assessed a slew... Read More