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  • July 28- Amazon.com Inc posted strong results across its older and newer businesses on Thursday as global Web retail sales and cloud services topped Wall Street targets and the world's largest online merchant forecast revenue would outpace expectations in the current quarter as well. "They crushed estimates," said Michael Pachter, analyst at Wedbush...

  • July 28- Jeff Bezos, the founder and chief executive of Amazon.com Inc, has become the world's third-richest person as of the market close for the first time, Forbes magazine said, passing Warren Buffett, the chairman and chief executive of Berkshire Hathaway Inc.. Bezos' fortune was $65.3 billion as of 4:30 p.m. EDT on Thursday, compared with Buffett's $64.9...

  • Facebook's shares rose as much as 4 percent to $128.33, boosting its market value by $14 billion to $367 billion- enough to eclipse Berkshire's market cap of about $355 billion. "Honestly, there's nothing to criticize, so I presume it's just profit-taking," said Michael Pachter, an analyst at Wedbush Securities, who raised his price target on Facebook's stock to...

  • The social networking giant beat market expectations for profit and revenue yet again in latest quarter, pushing up its shares to a record high on Thursday and allowing it to overtake Warren Buffett's Berkshire Hathaway Inc Inc as the fifth biggest U.S. company by market capitalization. Facebook's shares rose as much as 4 percent to $128.33, boosting its...

  • July 28- Duracell said it plans to close a battery-making plant in South Carolina that employs 430 people, making the announcement fewer than five months after being acquired by Warren Buffett's Berkshire Hathaway Inc.. Duracell said the move will lead to "some" job growth in LaGrange, which is about 330 miles southwest of Lancaster, and that Lancaster workers...

  • 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...

  • Warren Buffett

    Legendary investor Warren Buffett spoke at length about a secret meeting held by CEOs and other top executives on improving governance principles.

  • 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.