Warren Buffett's firm invests in the biggest homebuilders while reducing GM stake in portfolio moves
Warren Buffett’s company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Horton’s stock this spring along with smaller stakes in fellow builders Lennar Corp. and NVR Corp. Berkshire revealed those new investments Monday in a quarterly filing with the Securities and Exchange Commission that shows the conglomerate’s holdings as of the end of June
2023-08-15 07:17
Clarence Avant, ‘Black Godfather' of entertainment, and benefactor of athletes and politicians, dies
Clarence Avant, the manager, entrepreneur, facilitator and adviser who helped launch or guide the careers of Quincy Jones, Bill Withers and many others and came to be known as the "Black Godfather" of entertainment and beyond has died at 92
2023-08-15 06:47
Privately held Esmark makes offer for US Steel, sets up bidding contest for iconic steelmaker
Industrial conglomerate Esmark says it has made an all-cash bid to buy U.S. Steel that values the iconic steelmaker at $7.8 billion
2023-08-15 06:15
Wendy McMahon and Ingrid Ciprian-Matthews take lead news executive roles at CBS
CBS has appointed Wendy McMahon to a new top role supervising CBS News, its local stations and syndicated programming
2023-08-15 05:48
UBS to pay $1.44 billion to settle 2007 financial crisis-era mortgage fraud case, last of such cases
UBS will pay U.S. authorities $1.44 billion to settle the last lingering legal case over Wall Street’s role in the housing bubble of the early 2000s, which ultimately led to the 2008 financial crisis and Great Recession
2023-08-15 03:23
How -- and when -- is best to donate to those affected by the Maui wildfires?
The destruction and suffering caused by the Maui wildfires in Hawaii prompted many to immediately look for ways to help
2023-08-15 03:20
Federal officials are looking into another close call between planes, this time in San Diego
Federal officials are looking into another close call between planes, this time in San Diego
2023-08-15 02:22
Kraft Heinz CEO Patricio to become non-executive chair; Abrams-Rivera to become next CEO
Kraft Heinz says CEO Miguel Patricio will become non-executive chair of its board at the start of the new year, with Carlos Abrams-Rivera stepping into the top spot at the food products company at that time
2023-08-15 01:49
Romeo Lavia chooses next club after lengthy Chelsea and Liverpool battle
Romeo Lavia will undergo a medical with Chelsea after opting to join the Blues ahead of Liverpool. Southampton have agreed to sell the 19-year-old in a deal that could eventually be worth £55m.
2023-08-15 01:24
Biden says auto workers need "good jobs that can support a family" in union talks with carmakers
President Joe Biden is asking the major U.S. automakers and their workers’ union to reach an agreement that takes “every possible step to avoid painful plant closings” as the sector transitions to electric vehicles
2023-08-15 00:48
Intuit executive Chriss to become president and CEO of PayPal
Intuit executive Alex Chriss will become the president and CEO of digital payments company PayPal next month
2023-08-14 23:15
Ford lures Apple executive to run new unit that will sell software subscription services
Ford has hired away a key Apple executive to run a new business unit that will sell software-related subscription services to vehicle owners
2023-08-14 21:57