NEW YORK, Feb 22- Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. The Omaha, Nebraska- based conglomerate has more than 90 operating units employing 391,539 people, including the...
DUBAI, Feb 22- Anti-Western hardliners are set to sweep Iran's parliamentary elections and appear favourites to clinch the presidency next year, but an economic crisis could force them to engage with the United States despite their tightening grip on power. Tehran has ruled out any talks with Washington unless it lifts crippling sanctions reimposed on Iran...
Feb 22- Warren Buffett's Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring stock prices boosted net results and enabled the conglomerate to smash its old record for full-year earnings. Fourth-quarter operating profit totaled $4.42 billion, or approximately $2,720 per Class A share, down from $5.72...
Investors are too complacent, in no small part due to a fundamental misunderstanding of how rapidly the world has changed, economically and politically, writes Fred Kempe.
*OECD estimates new tax revenue from digital at $100 bln a year. RIYADH, Feb 22- Leading world economies must show unity in dealing with aggressive "tax optimisation" by global digital giants like Google, Amazon and Facebook, G20 officials said on Saturday. Global rules are being developed by the Organisation for Economic Cooperation and Development to make...
RIYADH, Feb 22- Leading world economies must show unity in dealing with aggressive "tax optimisation" by global digital giants like Google, Amazon and Facebook, G20 officials said on Saturday. Global rules are being developed by the Organisation for Economic Cooperation and Development to make digital companies pay tax where they do business, rather than where...
Feb 21- Federal prosecutors investigating Boeing Co are examining whether the U.S. planemaker knowingly misled the Federal Aviation Administration while it was seeking approval for its 737 MAX jet, the New York Times reported https://www.nytimes.com/2020/02/21/business/boeing-737-max-investigation. html, citing two people familiar with the...
*China c. bank says impact will be limited, to guide rates lower. SHANGHAI/ BEIJING, Feb 22- China reported a decrease in the number of new deaths and new cases of the coronavirus on Saturday, while its central bank predicted a limited short-term economic impact and said the country was confident in winning the fight against the epidemic. Mainland China had 397 new...
Democratic presidential candidate Michael Bloomberg's campaign has pumped $25.7 million into his little-known tech company Hawkfish since the billionaire entered the race last November, according to disclosures to the Federal Election Commission. Hawkfish LLC, which was founded by the former New York mayor in 2019, has been rapidly hiring tech...
Democratic presidential candidate Michael Bloomberg. The action was first reported by the Los Angeles Times. The Wall Street Journal reported that these organizers in California receive $2,500 a month to promote Bloomberg's candidacy through actions such as posting on social media to their own networks.
Democratic presidential candidate Michael Bloomberg's campaign has pumped $25.7 million into the billionaire candidate's little-known digital arm Hawkfish since he entered the race last November, according to disclosures to the Federal Election Commission. Hawkfish LLC, which was founded by the former New York mayor in 2019, has been rapidly hiring...
Feb 21- The U.S. Food and Drug Administration approved Lundbeck A/S' migraine prevention therapy, which the Danish drugmaker acquired through its near $2 billion deal for Alder BioPharmaceuticals in 2019, the company said on Friday. The top three leading CGRP inhibitors from Amgen Inc, Eli Lilly& Co and Teva Pharmaceuticals Industries Ltd are all administered...
*Hubei doubles Wednesday's number of reported new cases. BEIJING/ SEOUL, Feb 21- The coronavirus has infected hundreds of people in Chinese prisons, authorities said, as cases climbed outside the epicentre in Hubei province, including 100 more in South Korea and a worsening outbreak in Italy where officials announced the country's first death.
Feb 21- U.S. regulators have opened a probe regarding Marlboro maker Altria Group Inc's investment in e-cigarette maker Juul Labs Inc, according to a person familiar with the matter. The U.S. Securities and Exchange Commission is investigating whether the Marlboro maker adequately disclosed the risks to its shareholders when it spent $12.8 billion in 2018...
President Donald Trump will be accorded the biggest public reception given to any foreign leader in years during his visit to India beginning on Monday, officials say, one that could help paper over the two countries' growing friction over trade. Close political and security partners, India and the United States have hit each other with retaliatory tariffs.
Wells Fargo will pay the penalties to the U.S. Justice Department and Securities and Exchange Commission and enter into a three-year deferred prosecution agreement during which the San Francisco- based bank will continue to cooperate with any ongoing government investigations, Justice Department officials said. Top managers within Wells Fargo's...
Feb 21- Federal prosecutors investigating Boeing Co are examining whether the U.S. planemaker knowingly misled the Federal Aviation Administration while it was seeking approval for its 737 MAX jet, the New York Times reported https://www.nytimes.com/2020/02/21/business/boeing-737-max-investigation. html, citing two people familiar with the...
*Markets spooked as virus spreads outside China. Cases of the disease have turned up in 26 countries and territories outside mainland China, killing 11 people, according to a Reuters tally. According to data, mainland China had 892 new confirmed cases and 118 deaths, with most of those in Hubei's provincial capital Wuhan, which remains under virtual lockdown.
The Google settlement means that potential roadblocks to the states' probe may be cleared for now.
NEW YORK, Feb 21- Private equity firm New Mountain Capital LLC is exploring a sale of OneDigital, which could value the U.S. employee benefits and insurance broker at more than $2 billion, including debt, people familiar with the matter said on Friday. OneDigital generates around $150 million of 12- month earnings before interest, tax, depreciation and...
Data also provided by 
