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  • SPARKS, Nev.— It's Tesla Motors' biggest bet yet: a massive, $5 billion factory in the Nevada desert that could nearly double the world's production of lithium-ion batteries. The factory is about 14 percent complete, but when it's finished, it will be about 10 million square feet, or about the size of 262 NFL football fields. Tesla CEO Elon Musk said the factory could...

  • NEW YORK, July 25- Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, ending a protracted sale process for the fading Web pioneer. The purchase will boost Verizon's AOL internet business, which it bought last year for $4.4 billion, as it gains...

  • NEW YORK, July 25- Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, ending a lengthy sale process for the fading Web pioneer. "Yahoo gives us scale that is what is most critical here, Marni Walden, who is head of product innovation and new...

  • July 25- Verizon Communications Inc said Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, in a deal that ends a lengthy sale process for the fading Web pioneer. The Alibaba and Yahoo Japan investments are worth about $40 billion, while Yahoo had a market value of about $37.4...

  • Jeff Bezos

    Bloomberg's billionaire index shows Buffett lost more than $754 million Thursday, thanks to a slide in shares of his company.

  • A deal would boost Verizon's AOL internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well other assets such as search, mail, messenger and real estate. Bloomberg News, which reported earlier that Verizon was nearing an agreement to buy the Yahoo assets, cited an anonymous source...

  • LONDON, July 22- The best-performing mutual funds avoided explicit directional bets on the outcome of last month's UK vote to leave the European Union, sitting out the volatility by latching on early to large, defensive, dividend-paying blue chip stocks. This strategy has, so far at least, been the big winner post-referendum as UK stock markets stabilise after...

  • NEW YORK— A rough day on Wall Street for Warren Buffett means Amazon's Jeff Bezos is now the third richest person in the world. Bloomberg's billionaire index shows Buffett lost more than $754 million Thursday, thanks to a slide in shares of his company, Berkshire Hathaway. Bezos lost $136 million, but at the end of the day Bloomberg said his $65.1 billion net worth...

  • BOSTON, July 21- Leaders of top U.S. companies and investment firms on Thursday released a set of governance recommendations meant to encourage long-term economic growth, an unusual step that drew mixed reviews from advocates of deeper corporate reforms. Backers of the principles included well-known chief executives Jamie Dimon of JPMorgan Chase& Co, Jeff...

  • Guidance can provide transparency: eBay CEO

    EBay CEO Devin Wenig reacts to Warren Buffett's comments on company guidance.

  • Warren Buffett

    Warren Buffett tells CNBC companies should stop issuing earnings guidance because it can lead to "malpractice."

  • Buffett: Guidance could lead to malpractice

    Berkshire Hathaway's Warren Buffett explains why he doesn't think companies should have to provide guidance.

  • Warren Buffett

    Berkshire Hathaway's Warren Buffett discusses a new set of principles for effective corporate governance.

  • CNBC Pro: Warren Buffett

    Berkshire Hathaway's Warren Buffett discusses a new set of principles for effective corporate governance.

  • Jamie Dimon, CEO of JP Morgan Chase.

    In a series of meetings, titans of business and finance grappled with what they see as a problem of too much money going and staying private.

  • Tom Steyer

    California Hedge fund manager Tom Steyer is spending millions of dollars and taking his anti-Trump message to five swing states.

  • July 18- Yahoo Inc's quarterly earnings fell short of Wall Street expectations on Monday in what may be the company's last financial report before it sells its core business. Verizon Communications Inc and AT&T Inc are said to be in the running to acquire the core business, along with private equity firm TPG Capital and a consortium led by Quicken Loans founder...

  • Revenue in the company's emerging businesses, which Chief Executive Officer Marissa Mayer calls Mavens- mobile, video, native and social advertising- showed some life, rising 25.7 percent to $504 million in the second quarter ended June 30. The company posted a net loss of $439.9 million, or 46 cents per share, compared with a loss of $21.6 million, or 2 cents per...

  • SAN FRANCISCO— Yahoo's latest earnings report leaves no doubt the internet company is stuck in a downward spiral. But after subtracting commissions paid to its partners, Yahoo said its revenue fell 19 percent from a year earlier, while its loss widened to $440 million. Yahoo also reported Monday that it's writing down $482 million in charges related to the...

  • July 18- Yahoo Inc reported a 5.2 percent rise in total quarterly revenue, a sign of improvement in its troubled core Internet business it is auctioning off. Verizon Communications Inc and AT&T Inc are said to be in the running, as well as private equity firm TPG Capital and a consortium lead by Quicken Loans founder Dan Gilbert and backed by billionaire Warren...