Huawei CEO Ren Zhengfei laid out plans to bring more efficiencies to the organization. This included simplifying the reporting structure, cutting down on surplus staff, axing...Technologyread more
The bond market has entered a financial twilight zone, and at this point, there doesn't seem to be a smooth way out.Market Insiderread more
China has used both monetary and fiscal measures to lift economic activity as its trade war with the U.S. looks set to intensify in the coming months.China Economyread more
President Donald Trump said on Twitter he was postponing a scheduled meeting with Denmark's prime minister because of her lack of interest in discussing a possible sale of...World Politicsread more
"I think (rate cuts) will help, but whether they're going to be sufficient to counter the negative trade pressures and global growth slowdown and impact is debatable," one...Central Banksread more
Chinese overseas investment growth will likely slow or even decline in the next few years as risks around the world increase, according to new research by Moody's Investors...China Economyread more
The two countries want to smash the civil aerospace duopoly enjoyed by Airbus and Boeing.Aerospace & Defenseread more
Alibaba held a board meeting before its latest quarterly earnings release last week, during which the board decided to postpone the Hong Kong listing, Reuters reported.Technologyread more
Federal Reserve Chairman Jerome Powell is set to deliver his annual speech on Friday at the Jackson Hole, Wyoming symposium, where he's expected to provide more clarity on the...Asia Marketsread more
U.S. and Asian investors poured $3.7 billion into U.K. tech start-ups in the first seven months of 2019, research shows.Technologyread more
After Elon Musk touts Tesla solar on Twitter, Walmart sues the electric vehicle and clean energy company over store rooftop panels that ignited.Technologyread more
CNBC's Jim Cramer often calls the smartest investor on the planet, in part because the billionaire investor puts money behind marquee brands that have become part of the fabric of modern culture.
And on Thursday, Buffett again made a move that will add another widely recognized brand into his stable of offerings.
Buffett's Berkshire Hathaway announced it will acquire Duracell from Procter & Gamble in . The battery maker now joins Heinz, Fruit of the Loom, Benjamin Moore, Geico and other widely recognized names that make up his company's portfolio.
Although Buffett's buy may delight some, P&G shareholder Carl Boeckman isn't so happy. He fears that P&G has an agenda.
"When you sell off parts of a car you can make money but you don't have a car anymore," Boeckman said on CNBC's "Street Signs, " suggesting he's concerned that the divestiture was an early sign of a breakup.
Boeckman cited reports that P&G intends to sell up to 100 brands, or about half its brands, over the next two years, a move he finds concerning. "I asked (CEO) Alan Lafley about this and he assured me this isn't a sign of a breakup," Boeckman said.
But Boeckman remains skeptical. "They've also sold Folgers coffee, Jif peanut butter, and Pringles potato chips," Boeckman said. "All these brands are making money for their new owners."
Boeckman, who holds about 2,000 shares of P&G and has owned P&G stock for decades, worries that shareholders are ultimately going to pay the price for these decisions.
P&G did not immediately respond to CNBC's request for comment.