Lab-grown diamond prices slide as De Beers fights back
LONDON (Reuters) – Since De Beers abandoned its decades-old policy of refusing to sell lab-grown diamonds as jewelery, the price gap between man-made stones and natural gems has widened –…
Buffett’s Berkshire doubles profit, repurchases $900 million stock in third quarter
NEW YORK (Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit doubled as its insurance business dodged hurricanes and benefited…
Berkshire Hathaway profit surges as economy gives Buffett a boost
(Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited…
Buffett’s Berkshire offers loan to owner of former Sears properties
NEW YORK (Reuters) – Billionaire Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) is loaning up to $2 billion to the company that owns some of what used to be some of…
U.S. insurers grilled on exposure to $4.7 billion J&J talc verdict
(Reuters) – Wall Street is trying to figure out whether the U.S. insurance industry will bear any costs from a record $4.69 billion judgment against Johnson & Johnson awarded to…
Buffett’s Berkshire Hathaway loosens policy on stock buybacks
(Reuters) – Berkshire Hathaway Inc (BRKa.N) on Tuesday eliminated a restriction on its ability to buy back its own stock, a change that could help billionaire Chairman Warren Buffett deploy…
Amazon to buy PillPack in potentially disruptive drug retail push
(Reuters) – Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the world’s biggest online retailer in direct competition with drugstore chains,…
Fed up with rising costs, big U.S. firms dig into healthcare
SAN JOSE, Calif. (Reuters) – At its Silicon Valley headquarters, network gear maker Cisco Systems Inc is going to unusual lengths to take control of the relentless increase in its…
Buffett craves more Apple shares, endorses its buybacks
OMAHA, Neb. (Reuters) – Billionaire Warren Buffett has been buying a boatload of Apple Inc shares and on Saturday suggested he would buy even more shares at the right price.…
Buffett says U.S., China will avoid acting ‘extremely foolish’ on trade
OMAHA, Neb. (Reuters) – Billionaire Warren Buffett on Saturday said it is unlikely that the United States and China will come to loggerheads on trade, and the countries would avoid…