Buffett's Cash Soars to Record as Operating Profit Edges Higher
Warren Buffett is sitting on more cash than ever.His Berkshire Hathaway Inc. had almost $85 billion on its books as of Sept. 30, according to a regulatory filing late Friday. That’s up from the previous record of $72.7 billion on June 30. “He’s got a lot of ammo” for investments, said Bill Smead, who oversees about $2.1 billion including Berkshire shares at Smead Capital Management. “Eighty-five billion dollars is a lot of money.”The cash balance is likely to spark a fresh round of speculation ..>> view originalUS economy added 161000 jobs in October as unemployment rate dipped to 4.9 percent
The U.S. labor market continues to show signs of gradual strengthening, with newly released government data showing the economy added 161,000 jobs last month. Annual wage growth surged to levels not seen since the financial crisis, while the unemployment rate dipped to 4.9 percent in October from 5 percent the previous month. While monthly job gains for October were slightly below expectations -- economists surveyed by Bloomberg News had expected U.S. employers to add 173,000 new jobs last mont..>> view originalManure Happens, Especially When Hog Farms Flood
Enlarge this image An aerial view of a hog farm in North Carolina. The shot on the right shows a flooded manure lagoon after Hurricane Matthew. Google Earth (left)/Waterkeeper Alliance/EWG (right) hide caption toggle caption Google Earth (left)/Waterkeeper Alliance/EWG (right) An aerial view of a hog farm in North Carolina..>> view originalGoogle Capital is now an investor in Snapchat
Google's parent company now owns a piece of Snapchat. Google Capital, one of Alphabet's two venture capital arms, quietly added Snapchat to its list of investments as part of a brand refresh and website redesign on Friday. No details were provided about the timing, reasoning or size of the Snapchat investment. Winnie King, a spokeswoman for Google, confirmed that Snapchat is one of Google Capital's portfolio companies, but declined to comment beyond that. Noah Edwardsen, spokesman for S..>> view originalOracle Wins Shares Needed to Clinch $9 Billion NetSuite Buy
NetSuite Inc. shareholders endorsed Oracle Corp.’s bid for the software provider, clearing the path for the $9 billion acquisition after weeks of conflict between a large investor and executives over the price tag. Exclusive insights in your inbox, from our technology reporters around the world. Get Fully Charged, from Bloomberg Technology. Business Your daily dose of the news that’s moving mar..>> view originalGreek Businessman Andreas Vgenopoulos Dies at 63
ATHENS, Greece รข€” Andreas Vgenopoulos, a Greek lawyer turned business tycoon, died Saturday of a heart attack, his Marfin Investment Group announced. He was 63.Vgenopoulos was vilified as the man who precipitated Cyprus' banking crisis in 2012, which led to an EU bailout and a one-time levy on all uninsured bank deposits over 100,000 euros. He was also accused of corrupt lending practices, first in Cyprus and then, last month, in Greece, a charge he strongly denied.At the height of his succes..>> view originalS&P 500 Falls for Ninth Session in Longest Losing Streak Since 1980
Updated Nov. 4, 2016 6:37 p.m. ET The S&P 500 ended the week before the U.S. election with its longest losing streak since 1980. U.S. stocks were up for much of Friday’s session, after October employment data signaled solid momentum in the labor market and biotechnology shares bounced back after a two-session slide. But caution prevailed, and a late-afternoon slump dragged the S&P 500 to its ninth consecutive decline. Tightening polls in the presidential election have dragged d..>> view originalMexico officials are planning for economic turmoil if Trump wins
MEXICO CITY — The Mexican government is holding last-minute meetings to game-plan their response to what many here see as a possible economic catastrophe for this country: a victory by Republican presidential nominee Donald Trump. The narrowing poll results in the U.S. presidential race have intensified fears in the Mexican government that a Trump win might shake world confidence in this country’s economy and lead to lasting damage in the relationship with its largest trading partner. Econ..>> view originalUS--Plane Fire-Chicago
WASHINGTON (AP) — An engine disk that broke apart and forced an American Airlines jet to abort a takeoff in Chicago last week shows signs of fatigue cracking, according to a preliminary report released Friday by accident investigators.A high-pressure turbine disk in the Boeing 767's right engine broke into four pieces, which shot out of the engine's housing. Investigators have recovered about 90 percent of the disk, and an examination shows evidence of an anomaly where the fatigue cracking begin..>> view originalWhat are they thinking? Talking to Trump voters without judgment (and while black)
In the 2016 presidential campaign, I have not done well at all. For me it has been a real-life “Rocky Horror Show” that doesn’t seem to end. In listening to what feels to me like irrational rhetoric, my fears have me back on blood-pressure meds. My fears are less about a Donald Trump presidency and more about the people who see him as the Great White (Orange) Hope.As a woman and a person of color, I have never suffered fools lightly. The things that have me frightened about Trump supporters are..>> view original
Saturday, November 12, 2016
Buffett's Cash Soars to Record as Operating Profit Edges Higher and other top stories.
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