Business

Berkshire shareholders reject report on workforce oversight, approve say-on-pay

Saturday, May 2 by SRN News

By Jonathan Stempel OMAHA, Nebraska, May 2 (Reuters) - Berkshire Hathaway shareholders on Saturday overwhelmingly rejected a proposal to publish a report discussing how the conglomerate oversees its more than 387,000 employees at nearly 200 businesses. Shareholders also approved proposals backed by Berkshire's board of directors... Read More.

Recent inflation data was ‘bad news,’ Fed’s Goolsbee says

Saturday, May 2 by SRN News

By Howard Schneider WASHINGTON, May 2 (Reuters) - Inflation data last week was "bad news" for the U.S. Federal Reserve and means the Fed needs to be cautious about rate cuts until inflation begins to recede, Chicago Fed President Austan Goolsbee said on Saturday. "We have... Read More.

Berkshire CEO Greg Abel says insurance becoming increasingly competitive

Saturday, May 2 by SRN News

By Suzanne McGee and Jonathan Stempel NEW YORK/OMAHA, Nebraska, May 2 (Reuters) - Berkshire Hathaway reported improved first-quarter performance from the conglomerate's insurance businesses, but CEO Greg Abel told investors the sector faces competitive headwinds. "The reality is that ... as our insurance business softens, we... Read More.

Padres announce agreement to sell team to investor group led by Kwanza Jones and José E. Feliciano

Saturday, May 2 by SRN News

The San Diego Padres have reached an agreement to sell control of the team to an investor group led by Kwanza Jones and José E. Feliciano. The family of late owner Peter Seidler formally announced the deal Saturday. The sale must still be approved by... Read More.

Berkshire CEO Abel says ‘we’re back to first base’ in wildfire litigation

Saturday, May 2 by SRN News

By Jonathan Stempel OMAHA, Nebraska, May 2 (Reuters) - Berkshire Hathaway CEO Greg Abel on Saturday welcomed a recent court decision that could limit liabilities at its PacifiCorp utility business as it defends against lawsuits over wildfires in Oregon and northern California. Speaking at Berkshire's annual... Read More.

Americans on a budget mourn loss of low-cost Spirit Airlines

Saturday, May 2 by SRN News

By Laila Kearney NEW YORK, May 2 (Reuters) - U.S. travelers lamented news of the shutdown of Spirit Airlines on Saturday, saying that the closure of the ultra-low-cost carrier eliminates one of the few air travel options for low-income and working-class Americans. Spirit abruptly cancelled flights... Read More.

America In Focus: Inflation jumps and gas soars but American consumers seemed to take it in stride

Saturday, May 2 by SRN News

In the past week, many Americans remained laser focused on the economy, inflation and how those forces could impact their lives. But it is almost impossible not to notice that trips to the grocery store or gas station are more painful than they were... Read More.

Berkshire Hathaway profit rises despite consumer stress, cash sets record

Saturday, May 2 by SRN News

By Jonathan Stempel OMAHA, Nebraska, May 2 (Reuters) - Berkshire Hathaway on Saturday reported a higher first-quarter operating profit even as economic uncertainty weighed on several of its consumer-oriented businesses. The Omaha, Nebraska-based conglomerate built by Warren Buffett and now led by Greg Abel also reported... Read More.

China’s Commerce Ministry blocks US sanctions against five refineries

Saturday, May 2 by SRN News

SHANGHAI, May 2 (Reuters) - China's Ministry of Commerce said on Saturday it had issued an injunction to block U.S. sanctions imposed on five Chinese refiners accused of buying Iranian oil, according to state news agency Xinhua. The ministry named the five as Hengli Petrochemical... Read More.

Taiwan’s president lands in Eswatini in a trip delayed by lack of overflight clearance

Saturday, May 2 by SRN News

TAIPEI, Taiwan (AP) - Taiwan's President Lai Ching-te said he arrived in the African nation of Eswatini on Saturday, days after his government was forced to push back the trip when several countries withdrew permission for him to fly over their territories reportedly over... Read More.

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Current Weather

Berkshire shareholders reject report on workforce oversight, approve say-on-pay

Recent inflation data was ‘bad news,’ Fed’s Goolsbee says

Berkshire CEO Greg Abel says insurance becoming increasingly competitive

Berkshire CEO Abel says ‘we’re back to first base’ in wildfire litigation

Americans on a budget mourn loss of low-cost Spirit Airlines

America In Focus: Inflation jumps and gas soars but American consumers seemed to take it in stride

Berkshire Hathaway profit rises despite consumer stress, cash sets record

China’s Commerce Ministry blocks US sanctions against five refineries

Taiwan’s president lands in Eswatini in a trip delayed by lack of overflight clearance

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