Warren Buffett unapologetically defended Clayton Homes on Saturday from accusations of predatory lending.» Read More
OMAHA, Neb., May 1- Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives. Net income for the Omaha, Nebraska- based insurance and investment conglomerate rose to $5.16 billion, or $3,143 per share, from...
OMAHA, Neb., May 1- Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives. Net income rose to $5.16 billion, or $3,143 per share, from $4.71 billion, or $2,862, a year earlier. Quarterly operating profit...
*Apple and Celgene weigh on Nasdaq, S&P 500. April 30- Wall Street was lower in midday trading on Thursday as Apple weighed on major indexes and investors digested a mixed batch of economic data. Apple fell as much as 2.5 percent to $125.45 and was the biggest drag on the Dow, S&P 500 and the Nasdaq.
A flurry of trading activity erupted Thursday morning with the traders in Halftime Report Portfolio competition.
Microsoft's Satya Nadella has made some bold moves since taking over the software company last year. Buying Salesforce would be the boldest.
Some of Warren Buffett's biggest investment may be losing their "mojo."
Apple, IBM and Japanese insurance and bank holding company Japan Post have formed a partnership to improve the lives of elderly people in the country.
NEW YORK— Apple, IBM and Japanese insurance and bank holding company Japan Post have formed a partnership to improve the lives of elderly people in the country. Apple CEO Tim Cook, IBM CEO Ginni Rometty and Japan Post CEO Taizo Nishimuro announced the deal in New York on Thursday. Apple Inc. and IBM formed a partnership last year to create mobile apps for a broad...
NEW YORK, April 30- Warren Buffett has carved out a core stock-picking strategy of investing in companies with strong economic "moats," businesses that have built, fortified and generated success from well-known brands that make it difficult for them to succumb to competitive forces. Stalwarts like International Business Machines, Coca-Cola Inc, Procter&...
Apple Inc s fell $1.92 or 1.5 percent, to $128.64. Hewlett Packard Co. rose$. 08 or. 2 percent, to $33.32. International Business Machines Corp. rose$. 48 or. 3 percent, to $174.40.
Drop in iPad sales is due to competition with larger screened phones and wireless partners who offer lower end tablets. Re/code reports.
SAN FRANCISCO— Investors are betting that business software service company Salesforce.com will be sold, with Oracle Corp. emerging as the early favorite to pull off a deal that could cost about $50 billion. The speculation, spurred by a Bloomberg News report, lifted Salesforce's stock by $7.76, or more than 11 percent, to close Wednesday at $74.65.
Salesforce.com is a takeover target, according to a report from Bloomberg. If true, the list of potential buyers is awfully small.
Shares of Salesforce.com jumped on Wednesday amid reports that it is working with financial advisors to help with a potential takeover offer.
Apple Inc s rose$. 23 or. 2 percent, to $130.79. Hewlett Packard Co. fell$. 20 or. 6 percent, to $33.04. International Business Machines Corp. fell$. 10 or. 1 percent, to $173.82.
Amazon has built its profile by becoming an e-commerce giant, but a top exec says 10 years from now it'll be all about Amazon Web Services.
*Europe shares dip on earnings, follow Asia down. LONDON, April 29- Stocks fell in Europe on Wednesday, following Asian stocks lower, while the dollar held near two-month lows before a Federal Reserve policy statement expected to show the U.S. central bank in no hurry to raise interest rates. The euro was up 0.1 percent at $1.0994, having hit a three-week high on...
Asian markets mostly fell on Wednesday as investors digested the raft of earnings due in the region and awaited the Federal Reserve's statement.
*Asia shares succumb to profit taking, China more resilient. SYDNEY, April 29- Asian share markets faded from seven-year peaks on Wednesday while investors exited crowded positions in the U.S. dollar as the Federal Reserve wraps up a two-day policy meeting. The euro stood at $1.0972 having stopped short of resistance at $1.1000.
*Asia shares hold near highs, activity thin with Japan on holiday. SYDNEY, April 29- Asian share markets paused near seven-year peaks on Wednesday while investors exited crowded positions in the U.S. dollar as the Federal Reserve wraps up a two-day policy meeting. The euro stood at $1.0970 having stopped short of resistance at $1.1000.