Corporate news

February 23, 2019 - 2:51 pm
OMAHA, Neb. (AP) — Warren Buffett's company recorded a $25 billion loss in the fourth quarter because of a big drop in the paper value of several of its stock investments. Buffett said Saturday that Berkshire Hathaway's businesses are performing well overall, but it has to record the market value...
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February 23, 2019 - 2:30 pm
OMAHA, Neb. (AP) — Billionaire Warren Buffett says the company he built through decades of acquisitions continues to perform well even though he hasn't found any major deals at attractive prices recently. Buffett released his annual letter to Berkshire Hathaway Inc. shareholders on Saturday. He...
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February 23, 2019 - 9:45 am
TIRANA, Albania (AP) — Albania's Defense Ministry says it has found scores of hand grenades in a northern city that are believed to have been looted from army depots in 1997 during civil unrest sparked by a failed Ponzi scheme. A statement Saturday said a town hall cleaning staff in Puke, 140...
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February 23, 2019 - 8:59 am
BISMARCK, N.D. (AP) — The developer of the Dakota Access oil pipeline is going after the environmental group Greenpeace in state court in North Dakota, after a judge tossed the company's $1 billion racketeering claim out of federal court. Texas-based Energy Transfer Partners on Thursday sued...
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FILE - In this Oct. 23, 2017, file photo, United States Ambassador to Canada Kelly Knight Craft speaks after presenting her credentials during a ceremony at Rideau Hall in Ottawa. (Adrian Wyld/The Canadian Press via AP)
February 22, 2019 - 8:30 pm
WASHINGTON (AP) — President Donald Trump announced Friday that he has selected Kelly Craft, the U.S. ambassador to Canada, as his nominee to serve as the next U.S. ambassador to the United Nations. Trump said in a pair of tweets that Craft "has done an outstanding job representing our Nation" and...
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February 22, 2019 - 7:30 pm
A group of Microsoft workers is demanding the company cancel a contract supplying the U.S. Army with HoloLens headsets that they say would turn real-world battlefields into a video game. Microsoft's head-mounted HoloLens displays use augmented reality, which means viewers can see virtual imagery...
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February 22, 2019 - 3:12 pm
Misbehaving owners of sports teams have drawn headlines pretty much since sports have been around. Now, New England Patriots owner Robert Kraft faces misdemeanor charges of soliciting a prostitute after police said he was twice videotaped paying for a sex act at a massage parlor in Florida amid a...
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February 22, 2019 - 1:20 pm
Technology and health care companies led U.S. stocks higher in afternoon trading Friday, erasing some of the market's losses from a day earlier and placing the benchmark S&P 500 on track for its fourth straight weekly gain. The broad rally came as investors weighed a mixed batch of corporate...
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February 22, 2019 - 10:33 am
DETROIT (AP) — AutoNation, the country's largest auto dealership chain, went outside the auto industry to find its new chief executive, appointing a top leader from the USAA financial services company. The Fort Lauderdale, Florida, chain announced Friday that Carl Liebert will take over for the...
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February 22, 2019 - 7:33 am
FRANKFURT, Germany (AP) — Automakers Daimler and BMW say that trustworthy handling of personal data will be a key competitive advantage in their new joint venture that offers app-based services like free-floating car-sharing in big cities. The two competitors for luxury car customers said Friday...
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