Dairy Queen could be the latest victim of a data security breach, highlighting the demand for counterfeit credit cards, KrebsonSecurity reported.» Read More
*Heinz says to tighten supplier controls after China food scare. Heinz Co said on Tuesday it will tighten controls over ingredients suppliers in China after it was forced to recall some infant food products from Chinese store shelves due to excess levels of lead.
*China watchdog find excessive lead levels in some Heinz products. Heinz Co has recalled some infant food products in China after a local watchdog said they contained excessive levels of lead, threatening to dent the company's reputation in a country highly sensitive to food safety.
WASHINGTON, August 18- Establishing a tax domicile abroad to avoid U.S. taxes is a hot strategy in corporate America, but many companies that have done such "inversion" deals have failed to produce above-average returns for investors, a Reuters analysis has found.
OMAHA, Neb.— In a story Aug. 14 about changes to Berkshire Hathaway's stock portfolio, The Associated Press reported erroneously the company had reduced its stake in engineering and construction firm Chicago Bridge& Iron Co. by 1.1 million shares. Berkshire Hathaway has increased its position in Chicago Bridge& Iron by 1.2 million shares.
"Three weeks ago, half the population didn't know what ALS is," ALS Association Development Officer Lance Slaughter tells CNBC. "Now millions of people do."
NEW YORK, Aug 15- U.S. stock index futures were higher on Friday, with major indexes on track for a second week of gains, as traders bet there would be no immediate escalation in the tense situations in Ukraine or Iraq.
TORONTO, Aug 15- More than eight months after an extreme winter began snarling North American rail traffic, a Reuters analysis of industry data shows delays lingering, raising the risk of a second winter of chaos on the rails.
NEW YORK, Aug 14- Warren Buffett's Berkshire Hathaway Inc disclosed a new $366 million stake in cable TV operator Charter Communications Inc and pared its holdings in two other pay-TV companies, part of a flurry of changes in its stock investments during the second quarter. DirecTV is awaiting regulatory approval to sell itself to AT&T for $48.5 billion.
*Putin strikes conciliatory tone on Ukraine. NEW YORK, Aug 14- U.S. stocks advanced on Thursday after conciliatory comments from Russia helped ease concerns about escalation of the conflict in Ukraine and offset some uninspiring earnings.
OMAHA, Neb.— Billionaire Warren Buffett's company has revealed a new stake in Charter Communications Inc. and made several other tweaks to its $108 billion U.S. stock portfolio. Berkshire Hathaway Inc. filed an update on its portfolio with the Securities and Exchange Commission Thursday.
NEW YORK, Aug 14- Warren Buffett's Berkshire Hathaway Inc reported a $366 million stake in cable TV operator Charter Communications Inc in the second quarter, according to a regulatory filing made public on Thursday.
Better corporate earnings helped nudge the stock market higher on Thursday in one of the quietest sessions this year. Health-care companies led the major indexes to slight gains, while Berkshire Hathaway crossed another milestone, trading above $200,000 a share for the first time.
U.S.stocks closed higher on Thursday at August highs despite subpar economic data around the world, and after conciliatory remarks from Putin.
Warren Buffett's Berkshire Hathaway added Charter Communications to its stock holdings during the second quarter.
NEW YORK, Aug 14- U.S. stocks rose modestly on Thursday after conciliatory comments from Russian President Vladimir Putin helped ease concerns about escalation in Ukraine and offset some uninspiring earnings reports.
Take a look at some of Thursday's midday movers:
OMAHA, Neb.— Naysayers have been calling shares of Warren Buffett's company overpriced for decades. "Everybody has now been proven wrong on it," said Andy Kilpatrick, who wrote "Of Permanent Value: The Story of Warren Buffett."
Aug 14- Berkshire Hathaway Inc's share price on Thursday crossed $200,000 for the first time, the latest milestone for the company that Warren Buffett built over nearly five decades into what some analysts view as a microcosm of the U.S. economy.
The stock broke $1,000 for the first time in 1983, $10,000 in 1992 and $100,000 in 2006.
Berkshire Hathaway crossed another milestone, trading above $200,000 a share for the first time. GOING UP: A jump in profits for Perrigo, a drugmaker, drove its stock up 6 percent, the biggest gain in the S&P 500. Perrigo's earnings and sales came in ahead of analysts' estimates.