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  • NEW YORK, June 19- News Corp has been ordered by a Manhattan federal judge to face a class action lawsuit accusing it of monopolizing the market for in-store promotions at some 52,500 retail stores across the United States. News Corp spokeswoman Laura Adams said the company, which is controlled by Rupert Murdoch, is reviewing Thursday's decision.

  • Heinz Co said on Thursday that Warren Buffett's Berkshire Hathaway Inc has become its majority shareholder by exercising a warrant ahead of the ketchup maker's planned merger with Kraft Foods Group Inc. In a regulatory filing, Heinz said Berkshire exercised a warrant to acquire about 46.2 million shares for nearly $462,000 this week. Heinz owners would get a...

  • Billionaire luxury chief says wealth gap 'unfair' Thursday, 11 Jun 2015 | 12:46 PM ET
    Richemont Chairman Johann Rupert speaks with delegates during the Financial Times Business of Luxury Summit in Monaco, June 8, 2015.

    What keeps Johann Rupert, chairman of Richemont, up at night? The growing wealth gap.

  • When Murdoch leaves, Buffett to increase his lead Thursday, 11 Jun 2015 | 11:39 AM ET
    Rupert Murdoch

    As Rupert Murdoch prepares to leave his position at 21st Century Fox, Warren Buffett would increase his lead as oldest CEO in the S&P 500.

  • For those aged 34 or younger, their No. 2 favorite stock- behind only mighty Apple Inc- is none other than Warren Buffett's Berkshire Hathaway Inc.. This is according to new data from the brokerage TD Ameritrade, which took a snapshot in May of the individual equity holdings of every one of its retail clients. Among the top picks for young adults aged 34 and younger:...

  • June 8- Henkel& Co KGaA AG and Coty Inc, both of which have personal care and cosmetics businesses, made binding offers to buy separate parts of Procter& Gamble Co's beauty businesses worth up to a total of $12 billion, according to people familiar with the matter. Henkel made an offer for P&G's haircare business, which includes the Wella and Clairol brands, and could...

  • Lunch with Warren Buffett auctioned for $2.35 million Saturday, 6 Jun 2015 | 11:15 AM ET

    June 6- The chairman of a Chinese company that develops online games has agreed to pay $2,345,678 for a private lunch with billionaire investor Warren Buffett, winning a charity auction. Glide said Zhu Ye, chairman of Beijing- based Dalian Zeus Entertainment Co, submitted the highest of 76 bids to win the five-day auction on eBay, which concluded on Friday night.

  • Hey, what's Warren Buffett doing in 'Entourage'? Saturday, 6 Jun 2015 | 9:00 AM ET
    Jeremy Piven as Ari Gold and Warren Buffett as himself in Warner Bros. Pictures,’ Home Box Office’s and RatPac-Dune Entertainment’s comedy “Entourage,” a Warner Bros. Pictures release.

    Among the stars of "Entourage" is a roster of surprise cameos of real life tycoons featured throughout the film.

  • Chinese gaming firm wins Buffett lunch for $2.3M Saturday, 6 Jun 2015 | 12:21 AM ET
    Warren Buffett, chairman of the board and CEO of Berkshire Hathaway

    Beijing-based Da Lian Zeus Entertainment Company was the top bidder in an online auction of a steak lunch with Warren Buffett.

  • Amancio Ortega

    A practically unheard-of billionaire just blew past household name Warren Buffett to be the second-richest man in the world.

  • SHANGHAI, June 4- China's stock market went on a dramatic roller-coaster ride on Thursday, with an after-lunch meltdown spurring a wave of fresh buying that produced gains for the day instead of a sharp loss. And it underscored increasing volatility in the high-flying, and highly-leveraged, China market. The pattern of abrupt falls being followed by a quick...

  • Hong Kong shares cut losses but still end lower Thursday, 4 Jun 2015 | 4:09 AM ET

    JUNE 4- Hong Kong's benchmark Hang Seng Index erased most of the losses it suffered during an early afternoon sell-off, mirroring the dramatic reversal mainland stock markets saw on Thursday. The Hang Seng index ended 0.4 percent lower, at 27,551.89, while the China Enterprises Index gained 0.1 percent, to 14,127.01 points. Shares of Shenzhen- listed BYD Co Ltd,...

  • SHANGHAI, June 4- China stocks fell on Thursday morning, with investor sentiment soured by signs that more brokerages are starting to tighten margin trading, though banking shares gained on reform hopes. Hong Kong stocks fell at a slightly slower pace. Small-sized brokerage Golden Sun Securities said on Thursday that to control risks, it would suspend margin...

  • *Online apps and websites revolutionising trading. LONDON, May 29- When Noa Strijbos picks a financial asset to trade on her smartphone while taking her dog for a walk, almost 26,000 people pay close attention. Regulators are cracking down on the murkier parts of tech-driven trading, and recently a trader from the London suburbs has been accused of helping to...

  • Buffett lunch bidding crosses $1M mark in one day Monday, 1 Jun 2015 | 5:42 PM ET
    Warren Buffett

    Last year's winner, Andy Chua of Singapore, paid $2,166,766 for his chance to dine with Buffett in New York

  • June 1- An online auction for the right to dine with billionaire investor Warren Buffett and raise money for a San Francisco charity has started strongly, with the top bid surpassing $1 million in less than a day. As of 2:30 p.m. EDT Monday, the top bid was $1,000,100 in the eBay auction, which ends at 10:30 p.m. EDT Friday. This year's winner can bring up to seven...

  • June 1- NetJets Inc, the luxury aviation unit of Warren Buffett's Berkshire Hathaway Inc, said on Monday Jordan Hansell is stepping down as chairman and chief executive, in the midst of a bitter two-year contract dispute with its pilots. NetJets also said Bill Noe, 50, rejoined as president and chief operating officer, a position he held before leaving a few months...

  • Minimum wage hike 'a good thing': Robert Reich Sunday, 31 May 2015 | 9:00 AM ET
    Demonstrators gather in front of a McDonald's restaurant to call for an increase in minimum wage on April 15, 2015 in Chicago, Illinois.

    Former U.S. Labor Secretary Robert Reich is joining the chorus calling for a pay raise for the lowest-paid American workers.

  • *Online apps and websites revolutionising trading. LONDON, May 29- When Noa Strijbos picks a financial asset to trade on her smartphone while taking her dog for a walk, almost 26,000 people pay close attention. Regulators are cracking down on the murkier parts of tech-driven trading, and recently a trader from the London suburbs has been accused of helping to...

  • MOBILE APPS TURN BEDROOM TRADERS INTO STAR PROFESSIONALS@* Online apps and websites revolutionising trading* Launch of "copy trade" feature boosts business of apps* Wealth management firm tests copycat trading strategy. LONDON, May 29- When Noa Strijbos picks a financial asset to trade on her smartphone while taking her dog for a walk, almost 26,000 people pay...