Business

Factbox-Key executives running Berkshire Hathaway’s $1 trillion empire

Friday, September 18 by SRN News

Sept 18 (Reuters) - Warren Buffett stepped down as chairman of Berkshire Hathaway on Friday, handing the top role to his son Howard and completing a historic leadership handover that started with Greg Abel's appointment as CEO earlier this year. Investors will likely be keen... Read More.

Caviar and champagne: Air France’s luxury shift helps ride out Iran war impact

Friday, September 18 by SRN News

By Joanna Plucinska LONDON, Sept 18 (Reuters) - With generous helpings of caviar and champagne, Air France's costly bet on luxury appears to be paying off, helping the Paris-based carrier weather the fallout from the Iran war, Chief Executive Ben Smith told Reuters on Friday. Airlines... Read More.

Weil, Gotshal & Manges eyes merger options after rainmakers exit, Bloomberg News reports

Friday, September 18 by SRN News

Sept 18 (Reuters) - Law firm Weil, Gotshal & Manges is considering options for its future, including a potential merger with a competitor, Bloomberg News reported on Friday, citing people with knowledge of the matter. The company has been canvassing its partners and exploring ways... Read More.

Major US airlines oppose Air China bid to schedule additional US flights

Friday, September 18 by SRN News

By David Shepardson WASHINGTON, Sept 18 (Reuters) - A group representing major US airlines said on Friday it opposes Air China's bid to schedule additional flights from Beijing to New York and Washington as part of President Xi Jinping's planned meeting with President Donald Trump. Airlines... Read More.

Troubled Australian developer Bathla granted one-year extension to complete projects

Friday, September 18 by SRN News

SYDNEY, Sept 18 (Reuters) - Debt-riddled Australian developer Bathla Group received a one-year extension on Friday to complete unfinished projects that were left in limbo when it entered administration last month. But the company would still be dependent on securing further funding from lenders, administrators... Read More.

Volkswagen cuts outlook on $11.5 billion one-off hit

Friday, September 18 by SRN News

FRANKFURT, Sept 18 (Reuters) - Volkswagen on Friday slashed its outlook, flagging €10 billion ($11.5 billion) in one-off items related to its stake in luxury sportscar maker Porsche, provisions for job cuts and a weak Chinese market. The profit warning deepens a crisis at the... Read More.

Report finds ‘culture of risk aversion’ hindered oversight of SVB, Fed official says

Friday, September 18 by SRN News

By Pete Schroeder WASHINGTON, Sept 18 (Reuters) - A "culture of risk aversion" among examiners contributed to the collapse of Silicon Valley Bank rather than relaxed oversight, a top Federal Reserve official said on Friday in remarks flagging the initial findings of a review of... Read More.

Warren Buffett’s road to investing glory

Friday, September 18 by SRN News

By Utkarsh Shetti Sept 18 (Reuters) - Warren Buffett, Berkshire Hathaway's former CEO and legendary investor, is stepping down as its chairman, marking the end of his executive duties at the firm he helped build into one of the world's largest conglomerates. Buffett, 96, will become... Read More.

EU banks must be bigger, have deeper capital market, to compete with US, say top EU officials

Friday, September 18 by SRN News

By Jan Strupczewski and Francesco Canepa DUBLIN/FRANKFURT, Sept 18 (Reuters) - European banks need greater scale and deeper capital markets if they are to compete with US rivals, senior European officials said on Friday, as the European Union looks to strengthen its position in an... Read More.

UK air traffic controller blames a millisecond-software glitch for flight cancellations

Friday, September 18 by SRN News

LONDON (AP) - A preliminary report Friday blamed a millisecond-software defect for the cancellation of over 2,000 flights in and out of the United Kingdom last week. NATS, formerly known as National Air Traffic Services, said Friday that the glitch on Sept. 8 was... Read More.

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Factbox-Key executives running Berkshire Hathaway’s $1 trillion empire

Caviar and champagne: Air France’s luxury shift helps ride out Iran war impact

Weil, Gotshal & Manges eyes merger options after rainmakers exit, Bloomberg News reports

Major US airlines oppose Air China bid to schedule additional US flights

Troubled Australian developer Bathla granted one-year extension to complete projects

Volkswagen cuts outlook on $11.5 billion one-off hit

Report finds ‘culture of risk aversion’ hindered oversight of SVB, Fed official says

Warren Buffett’s road to investing glory

EU banks must be bigger, have deeper capital market, to compete with US, say top EU officials

UK air traffic controller blames a millisecond-software glitch for flight cancellations

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