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

Brazil judge suspends Embraer-Boeing tie-up negotiations: court document

Brazil judge suspends Embraer-Boeing tie-up negotiations: court document
FILE PHOTO: The logo of Brazilian aviation company Embraer is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo RIO DE JANEIRO (Reuters) – A Brazilian judge on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according... Read More

Brazilian judge suspends Embraer-Boeing tie-up negotiations: court document

Brazilian judge suspends Embraer-Boeing tie-up negotiations: court document
FILE PHOTO: The logo of Brazilian aviation company Embraer is seen during the Latin American Business Aviation Conference & Exhibition fair (LABACE) at Congonhas Airport in Sao Paulo, Brazil August 14, 2018. REUTERS/Paulo Whitaker/File Photo RIO DE JANEIRO (Reuters) – A Brazilian judge on Friday suspended negotiations for the tie-up of Brazilian aircraft maker Embraer SA and Boeing Co, according... Read More

Oil hits 2019 highs on U.S.-China trade hopes, but U.S. output weighs

Oil hits 2019 highs on U.S.-China trade hopes, but U.S. output weighs
NEW YORK (Reuters) – Oil prices touched their highest since mid-November on Friday and posted weekly gains for the second week in a row, boosted by hopes that U.S.-China trade talks would soon produce a deal, although new record U.S. oil supply limited gains. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy,... Read More

Kraft Heinz shares fall 28 percent after writedown, dividend cut

Kraft Heinz shares fall 28 percent after writedown, dividend cut
(Reuters) – Kraft Heinz Co shares fell to a record low on Friday a day after the food company disclosed a $15 billion write-down on its marquee brands, raising concern that years of rigorous cost cutting have eroded the value of its Kraft cheeses and Oscar Mayer deli meats. Kraft’s revenue growth has stagnated in the years since it merged... Read More

Oil reaches more than three-month highs on U.S.-China trade hopes

Oil reaches more than three-month highs on U.S.-China trade hopes
NEW YORK (Reuters) – Oil prices reached their highest levels since mid-November on Friday, boosted by hopefulness that the United States and China would soon reach a trade deal, but new record U.S. oil supply limited gains. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30, 2009. REUTERS/Todd Korol/File... Read More

Oil prices firm on trade hopes, but record U.S. output drags

Oil prices firm on trade hopes, but record U.S. output drags
SINGAPORE (Reuters) – Oil prices were firm on Friday, supported by OPEC’s ongoing supply cuts and hopes that Washington and Beijing may soon end their trade dispute. FILE PHOTO: A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, Canada, June 30, 2009. REUTERS/Todd Korol/File Photo Despite this, prices remained just below 2019 peaks reached... Read More