Featured Reuters
Berkshire's Brooks Running CEO sees China, Europe as growth areas
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 reiterates Q2 revenue to grow, posts record April sales
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 ...
Saudi Arabia's non-oil business activity growth steady in April-PMI
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 ...
UAW workers ratify US labor deal with Daimler Truck
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 ...
Paramount bidders await word from special committee evaluating options
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 ...
Berkshire shareholders reject climate, diversity, China proposals
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 ...
Warren Buffett says Berkshire sold entire Paramount stake at a loss
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 ...
Ping An votes against reappointment of HSBC CEO as director, source says
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 ...
WestJet issues 72-hour lockout notification to union
(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 ...
Warren Buffett says taxes may rise to offset widening US deficits
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 ...