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Dan Sheridan, chief executive of Brooks Running attends the Berkshire Hathaway Inc annual shareholders' meeting in Omaha, Nebraska, U.S. May 3, 2024.

Berkshire's Brooks Running CEO sees China, Europe as growth areas

Jonathan Stempel |Updated 11 hours ago |2 min read

By Jonathan Stempel OMAHA, Neb. (Reuters) - The new chief executive of Brooks Running said the running shoe maker owned by Warren Buffett's Berkshire Hathaway views China and Europe as growth areas for a business that generates most revenue in ...

Foxconn shareholders look at wafers on display after the annual shareholder meeting in New Taipei City, Taiwan May 31, 2023.

Foxconn reiterates Q2 revenue to grow, posts record April sales

Reuters |Updated 13 hours ago |2 min read

TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker and the biggest assembler of Apple's iPhone, reiterated on Sunday it expected a rise in second-quarter revenue, and reported record sales for the month of ...

Workers work at Oriental Paper Products, a stationery factory in Fanar, Lebanon November 1, 2021.

Saudi Arabia's non-oil business activity growth steady in April-PMI

Reuters |Updated 14 hours ago |2 min read

DUBAI (Reuters) - Saudi Arabia's non-oil business activity grew at a steady rate in April despite a slowdown in new order growth, a survey showed on Sunday, with domestic demand driving output. The seasonally-adjusted Riyad Bank Saudi Arabia ...

A person wearing a T-shirt that has "UAW member" written on it is pictured as the result of a vote comes in favour of the hourly factory workers at Volkswagen's assembly plant to join the United Auto Workers (UAW) union, during a watch party in Chattanooga, Tennessee, U.S., April 19, 2024.

UAW workers ratify US labor deal with Daimler Truck

Reuters |Updated 18 hours ago |2 min read

By David Shepardson (Reuters) -Members of the United Auto Workers on Saturday ratified a new labor contract with Daimler Truck that includes at least a 25% general wage increase over the four-year deal. The vote was 94.5% in favor of the new ...

The logo of Paramount Pictures studios is pictured after the Writers Guild of America (WGA) said it reached a preliminary labor agreement with major studios in Los Angeles, California, U.S., September 24, 2023.

Paramount bidders await word from special committee evaluating options

Dawn Chmielewski |Updated 3 hours ago |2 min read

By Dawn Chmielewski (Reuters) -A special committee of the Paramount Global board charged with evaluating offers for the company met Saturday morning, though rival bidders for the studio are awaiting word on next steps. Paramount ended its exclusive ...

Investors and guests arrive for the Berkshire Hathaway annual shareholders' meeting in Omaha, Nebraska, U.S. May 6, 2023.

Berkshire shareholders reject climate, diversity, China proposals

Jonathan Stempel |Updated 23 hours ago |1 min read

By Jonathan Stempel OMAHA, Nebraska (Reuters) - Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren Buffett's conglomerate, all of which the billionaire ...

A view of Paramount Studios's water tank as SAG-AFTRA members walk the picket line outside during their ongoing strike, in Los Angeles, California, U.S., September 26, 2023.

Warren Buffett says Berkshire sold entire Paramount stake at a loss

Reuters |Updated 23 hours ago |1 min read

NEW YORK (Reuters) -Warren Buffett said on Saturday that Berkshire Hathaway sold its entire holding in media and entertainment company Paramount Global at a loss and he took sole responsibility for the decision. "It was 100% my decision, and we've ...

HSBC Bank logo is seen in this illustration taken March 12, 2023.

Ping An votes against reappointment of HSBC CEO as director, source says

Reuters |Updated 22 hours ago |2 min read

By Gursimran Mehar (Reuters) -China's Ping An Insurance Group Co the biggest Asian investor in HSBC PLC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with ...

A Westjet airline plane lands at the Calgary International Airport in Calgary, Alberta, June 17, 2008.

WestJet issues 72-hour lockout notification to union

Reuters |Updated 22 hours ago |1 min read

(Reuters) -Onex Corp's WestJet on Saturday said that it issued a 72-hour lockout notification to the union representing its maintenance engineers, the ‍Aircraft Mechanics Fraternal Association. The company said that a work stoppage could occur as ...

Berkshire Hathaway Chairman Warren Buffett attends the Berkshire Hathaway Inc annual shareholders' meeting in Omaha, Nebraska, U.S., May 3, 2024.

Warren Buffett says taxes may rise to offset widening US deficits

Reuters |Updated a day ago |2 min read

NEW YORK (Reuters) -Warren Buffett said he expects the U.S. government to increase taxes to tackle widening fiscal deficits rather than reduce spending. "I think higher taxes are likely," he said on Saturday at Berkshire Hathaway's annual shareholder ...

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