Former SK Hynix employee jailed for leaking information to a Chinese firm, Yonhap reports
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China’s producer inflation eases in July, below expectations
BEIJING, Aug 9 (Reuters) - China's producer prices rose for a fifth straight month in July but at a slower pace, while consumer-price inflation also cooled, official data showed Sunday, as global energy prices retreated despite U.S.-Iran tensions.
The producer price index climbed 3.5%... Read More.
More workers join strike at BHP’s Port Hedland iron ore operations
SYDNEY, Aug 9 (Reuters) - More workers joined a strike at BHP's Port Hedland operations in Western Australia on Sunday, a union spokesperson said, in the first major industrial action at the iron-ore export hub in a quarter-century.
On the second of the planned... Read More.
Whitney Houston’s new No. 1s album, first-ever Barbie, Clive Davis and more: A Q&A with Pat Houston
NEW YORK (AP) - It was four decades ago next year that Whitney Houston released "I Wanna Dance with Somebody (Who Loves Me)," a timeless hit in a career made up of them. And it is just one of her 11 Billboard Hot 100... Read More.
Two drivers of Mercedes AMG cars file class action lawsuit over an alleged burn hazard in its logo
NEW YORK (AP) - Two drivers of Mercedes AMG cars have filed a class action lawsuit against the luxury car company, claiming that the AMG logo on their driver's seat gets so hot that it literally brands them and causes burns.
Gabriel Lahijani and Karendeep... Read More.
Iran continues its dangerous delay strategy
(AP) - The Strait of Hormuz - a narrow, ancient waterway is once again at the center of a very real global showdown. And Iran's leaders believe their own victory won't take millennia. In fact, they think it's close at hand.
Tehran is betting that... Read More.
A fast-moving wildfire forces more than 20,000 people to evacuate in western Canada
VANCOUVER, British Columbia (AP) - More than 20,000 people were ordered to leave their homes overnight in western Canada as a fast-moving wildfire grew rapidly and raced toward towns along British Columbia's Okanagan Lake, destroying homes in its path.
The entire community of Summerland, home... Read More.
Berkshire Hathaway’s new CEO Greg Abel spends a chunk of the company’s massive cashpile
OMAHA, Neb. (AP) - Berkshire Hathaway's new CEO Greg Abel spent a significant chunk of the company's massive pile of cash as it invested $10 billion in Google's parent company and repurchased about $4.5 billion of its shares.
The conglomerate that legendary investor Warren Buffett... Read More.
Berkshire says operating profit rises, conducts stock buybacks
Aug 8 (Reuters) - Berkshire Hathaway on Saturday reported a higher quarterly operating profit, benefiting from higher earnings in manufacturing, service and retail operations, while net income was bolstered by double-digit gains in common stock investments such as Apple and Alphabet.
Second-quarter operating profit rose... Read More.
Berkshire lowers cash stake as buybacks accelerate, reports higher profit
Aug 8 (Reuters) - Berkshire Hathaway began reducing its enormous stockpile of cash in the second quarter, investing billions of dollars in stocks including Alphabet and repurchasing billions more of its own, as it reported higher earnings at its dozens of businesses.
The conglomerate said... Read More.
