Trump’s Hush Money Trial Has Officially Begun. Here’s What’s At Stake
Jury selection began Monday in the first of former President Donald Trump’s criminal cases to go to trial, a case legal experts say is the weakest and most political but could nevertheless…
Berkshire Hathaway boosts stake in Occidental Petroleum to 24.4%
By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc said on Thursday it had acquired more shares of Occidental Petroleum Corp, boosting its stake in the oil company to 24.4%. In a regulatory…
Gains in diversity among Hollywood writers at stake in strike
By Danielle Broadway LOS ANGELES (Reuters) – As the Writers Guild of America strikes to bring about better pay and work security in a streaming TV world, a generation of diverse writers…
Mike Ashley’s Frasers raises stake in online retailer ASOS
(Reuters) – Britain’s Frasers Group raised its stake in online fashion retailer ASOS, a filing showed on Wednesday, as the Mike Ashley-owned sportswear retailer continues its drive into a more premium market.…
Comcast likely to sell Hulu stake to Disney by early 2024 – CNBC
(Reuters) – Comcast Corp will likely sell its 33% stake in streaming platform Hulu to Walt Disney Co early next year, CNBC reported on Tuesday, citing Comcast Chief Executive Brian Roberts. Disney…
Exclusive-Glencore’s bid for Teck spurs call for Canada pensions to up domestic equity stake
By Divya Rajagopal TORONTO (Reuters) – Glencore’s hostile bid for Teck Resources has galvanized some Canadian institutional investors, who have lobbied the federal government to push the nation’s biggest pension funds to…
Brazil’s Americanas looking for buyer for stake in Grupo Uni.co
SAO PAULO (Reuters) – Brazilian retailer Americanas SA, which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started the market sounding process to prospect parties…
Soros Fund Management cut Tesla stake, added Netflix in 1st quarter
By David Randall NEW YORK (Reuters) – Soros Fund Management, the family office of billionaire George Soros, slashed its stakes in electric vehicle makers Tesla Inc and Rivian Automotive in the first…
Spain gives Vivendi approval to raise stake in media group Prisa
MADRID (Reuters) – Spanish media company Prisa said on Friday its second-largest shareholder Vivendi, had obtained the Spanish government’s go-ahead to raise its stake in the publisher of the El Pais newspaper.…
Freeport Indonesia must divest additional 10% stake to govt – minister
By Fransiska Nangoy and Stefanno Sulaiman JAKARTA (Reuters) – Indonesia’s investment minister said on Wednesday that copper miner Freeport Indonesia must agree to sell an additional 10% stake to the government, as…
Goldman Sachs lifts UniCredit stake to 7.6%
MILAN (Reuters) – Goldman Sachs had raised a stake in Italian bank UniCredit it built mostly through various financial derivative contracts to 7.62% as of April 18, a regulatory filing showed on…
Buffett says geopolitics a factor in Berkshire sale of TSMC stake
(Reuters) – Warren Buffett called geopolitical tensions “a consideration” in Berkshire Hathaway Inc’s decision to sell most of its stake in Taiwanese chipmaker TSMC just a few months after buying it, Nikkei…
Deutsche Telekom reaches majority stake in T-Mobile U.S. – CEO
(Reuters) – Deutsche Telekom now holds a majority in T-Mobile U.S., the chief executive of the German telecoms company said on Wednesday. The company reached a majority stake in T-Mobile U.S late…
Berkshire Hathaway stake in Occidental Petroleum rises to 23.6%
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc boosted its ownership stake in Occidental Petroleum Corp to about 23.6% after buying nearly 3.7 million additional shares. Berkshire disclosed the purchases,…
Early Voting Ramps Up For Swing State’s Supreme Court Race. Here’s What’s At Stake
Early Voting Ramps Up For Swing State’s Supreme Court Race. Here’s What’s At Stake Mary Lou Masters on March 21, 2023 Early voting for the highly contentious Wisconsin Supreme Court race began…
Geely Chair Li Shufu sells his stake in Daimler Truck
BERLIN (Reuters) – Tenaciou3 Prospect Investment has sold its entire stake in Daimler Truck, a Daimler Truck spokesperson said on Friday. “We can confirm that … investor Tenaciou3 Prospect Investment Ltd has…
Berkshire Hathaway buys more Occidental shares, stake rises to 23.1%
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc purchased more Occidental Petroleum Corp shares, increasing its stake in the oil company to about 23.1%, a regulatory filing showed on Wednesday. Berkshire paid about…
Exxon considers selling stake in LNG terminal offshore Italy
By Sabrina Valle and Francesca Landini HOUSTON (Reuters) – Exxon Mobil Corp. is considering selling its majority stake in the Rovigo LNG terminal offshore Italy as part of a strategy to divest…
French retailer Casino selling down stake in Brazil’s Assai
PARIS (Reuters) -Casino on Tuesday launched a sale of shares in Brazilian supermarket chain Assai as the French supermarket operator presses on with cutting its debt. Casino said it would be selling…
Exclusive-Malaysia’s Edotco, backers plan stake sales in hot telco towers market -sources
By Anshuman Daga and Yantoultra Ngui SINGAPORE (Reuters) -Asia-focussed telecoms tower firm Edotco Group, its Malaysian parent Axiata and a Japanese backer are in talks with investors for stake sales, in a…
Berkshire Hathaway resumes Occidental purchases, stake reaches 22.2%
By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway Inc has resumed its purchases of Occidental Petroleum Corp shares after a five-month hiatus, increasing its stake in the oil company to about…
GE to slash stake in aircraft lessor AerCap
(Reuters) – AerCap Holdings NV said on Tuesday a unit of General Electric Co is selling 18 million shares, worth $1.12 billion, of the aircraft lessor through an underwritten public offering. In…
Bill Gates buys Heineken stake, despite saying he’s ‘not a big beer drinker’
AMSTERDAM (Reuters) – Bill Gates has bought 3.76% stake in Dutch drinks giant Heineken Holding NV, although the billionaire founder of Microsoft has previously said he was “not a big beer drinker.”…
TSMC shares fall after Berkshire cuts stake
TAIPEI (Reuters) – Shares in Taiwan’s TSMC opened 3.3% lower on Wednesday after Warren Buffett’s Berkshire Hathaway Inc slashed its stake in the chipmaker. Berkshire cut its position in Taiwan Semiconductor Manufacturing…
Roche buys back shares as family group reduces voting stake in drugmaker
ZURICH (Reuters) – Roche has bought 540,000 of its own shares, the company said on Friday, as a member of its controlling family group scaled back their investment in voting shares at…
Third Point owns Salesforce stake, talks Bath & Body Works changes
By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Third Point LLC owns a stake in Salesforce Inc at the same time the software company is facing pressure from four activist investment…
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