For over a year, Icahn and his son have been negotiating the terms of the agreement, leading to a roughly 90-page contract.
New York- based AmEx, for long the preferred choice of affluent Americans for credit cards, however, quelled investor concerns with its ninth straight quarter of foreign exchange adjusted revenue growth of at least 8%. AmEx reaffirmed its 2019 adjusted earnings per share forecast range of $7.85 to $8.35 and said it expects revenue growth of between 8% and 10% in...
"They make it sound like rich people don't pay taxes," says the billionaire investor.
NEW YORK, Oct 15- Wall Street advanced on Tuesday as third-quarter reporting season hit with a spate of upbeat earnings reports that brought buyers back to the equities market. "Positive earnings are flowing through equity markets today, suggesting that things weren't as bad as investors thought," said Charlie Ripley, senior market strategist for Allianz...
CALGARY, Alberta Oct 15- BHE Canada, a unit of billionaire Warren Buffet's Berkshire Hathaway Energy, will start construction on a $200 million wind farm in southeast Alberta next year, the company said on Tuesday. Alberta is the heartland of Canada's oil and gas industry but the wind and solar energy sector has been growing in recent years, helped by the previous...
*JPMorgan hits record high on earnings beat. NEW YORK, Oct 15- Wall Street jumped on Tuesday as third-quarter reporting season kicked into high gear with a spate of upbeat earnings reports that brought buyers back to the equities market. "It's all going to be about earnings for the next couple of weeks and that's a good thing," said Oliver Pursche, chief market...
*JPMorgan hits record high, lifts bank stocks. Oct 15- Wall Street rose 1% on Tuesday as strong earnings from JPMorgan, UnitedHealth and Johnson& Johnson allayed concerns about the fallout from a prolonged U.S.- China trade war on Corporate America. Hopes that Britain and the European Union would reach a deal in time for a leaders' summit this week also brightened...
WARREN BUFFETT SEEKS FED LEEWAY TO BOOST STAKE IN BANK OF AMERICA PAST 10%- BLOOMBERG.
Salesforce founder Marc Benioff echos other billionaires like Ray Dalio, Bill Gates and Warren Buffett in criticizing extreme wealth inequality.
David Rolfe, a longtime Berkshire Hathaway shareholder and CIO at Wedgewood Partners, is fed up with Warren Buffett.
"They don't transfer everybody who calls the call centers to the CEO's line."
This Bloomberg Businessweek ranking ascribes all people in the world a "wealth number" from -2 to 11 based on their net worth. The highest ranking includes only two people: Jeff Bezos and Bill Gates. Find your own number to see how you stack up.
PARIS, Oct 1- More than 5,250 tonnes of chemicals, oil and fuel additives have burned in a massive fire at U.S. specialty chemical firm Lubrizol in Rouen, France, last week, the local prefecture said in a statement on Tuesday. Following days of protests in Rouen and calls in parliament by opposition politicians to release the list of products burned, the...
Warren Buffett's right-hand man has some tips for young people just starting out.
If the ups and downs of the stock market have you wondering what to do, you're not alone.
In an effort to outflank the rise of Elizabeth Warren, Bernie Sanders announces a wealth tax that would hit multibillionaires like Bezos especially hard.
"I walked into his bedroom once and he had a whiteboard with the pros and cons of getting married," Melinda Gates says in Netflix's three-episode documentary series "Inside Bill's Brain."
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.
Billionaire tech entrepreneur and "Shark Tank" star Mark Cuban tweeted his advice on money, career and life for millennials who are worried about an impending recession.
Self-made billionaire Warren Buffett has been called the greatest investor in the world. Here's how he does it.