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LARGEST RAILROAD MERGER
Oil prices are leaving airlines with nowhere to hideUS airlines face potential profit erosion as rising oil prices, driven by geopolitical tensions in the Strait of Hormuz, threaten to increa...
Warren Buffett's successor eyes selling off Berkshire Hathaway's 325 million Kraft Heinz sharesWarren Buffett's successor, Greg Abel, is signaling a potential shift at Berkshire Hathaway. Kraft Heinz disclosed that Berkshire, its larg...
Wealth quote of the day by J. Pierpont Morgan, “Nothing so undermines your financial judgement as the sight of your neighbor getting rich.” — The Architect of Capital: How J. P. Morgan built the modern financial worldWealth quote of the day by J. Pierpont Morgan, “Nothing so undermines your financial judgement as the sight of your neighbor getting rich.”...
AI boom can deliver $100 billion-plus deal: Barclays banker Andrew WoeberBarclays’ top banker Andrew Woeber expects a $100 billion-plus M&A deal within a year, citing rising confidence and aggressive investments ...
Trump fires Democratic member of Surface Transportation Board ahead of huge rail merger decisionPresident Trump fired Democratic member Robert Primus from the Surface Transportation Board amidst a proposed major railroad merger. Primus...
Union Pacific share price rises: Union Pacific and Norfolk Southern are in merger talks, claims reportUnion Pacific and Norfolk Southern are in merger talks that would create the a railroad in North America that essentially connects the East...
Decoding the digital competition law; AI's impact on IT hiringIndia’s consumer internet firms have voiced their disapproval of the ex-ante framework in the proposed digital competition law. This and mo...
Why modern retail trade has not been able to break the stronghold of kirana stores in IndiaIndia’s retail market is lucrative but layered. Understanding the nuances is important for successful outcomes. The first of a two-part ser...
Warren Buffett ends 6-year drought of large acquisitions"Berkshire will be the perfect permanent home for Alleghany, a company that I have closely observed for 60 years," Buffett, who has run Ber...
Read Warren Buffett’s annual letter to Berkshire Hathaway shareholdersBuffett called Apple the second-most important business after Berkshire’s cluster of insurers.
Warren Buffett's Berkshire pares drug holdings, sheds Axalta, BiogenIn the second quarter, Berkshire said it exited a $180 million stake in Biogen Inc and reduced investments in Abbvie Inc, Bristol-Myers Squ...
Joe Biden set to sign competition order targeting big businessThe sweeping order includes 72 actions and recommendations that the White House says “will lower prices for families, increase wages for wo...
Full text of Warren Buffett's annual letter to shareholdersWall Street loves the fees that deal-making generates, and the press loves the stories that colorful promoters provide, Buffett said.
Will Jack Ma's disappearance break Vijay Shekhar Sharma's back?With other strategic backers like Softbank fussing over profitability after Vision Fund’s missteps it’s time for Sharma to figure out what ...
Warren Buffett’s worst year since 2009 splits investorsBarclays said the investment gains could total $7 billion before taxes.
Could Warren Buffett’s ‘elephant-sized acquisition’ be in airline sector?Berkshire Hathaway is among the biggest shareholders in the four largest US airlines.
Warren Buffett's wish list? Here are possible takeover targetsThe company's cash swelled to $86.4 billion at the end of 2016, and at this rate it means even takeovers in the $100 billion ballpark are c...
Amancio Ortega passes Warren Buffett as world’s second richest person in Bloomberg Billionaires IndexOrtega’s net worth has increased 17 percent to $71.5 billion this year as Inditex profit rose amid surging sales.
- Buffett's Berkshire gets green light to buy railroad
Warren Buffett's Berkshire Hathaway said on Thursday that Burlington Northern Santa Fe shareholders have cleared the track for its takeover...
- Mittal picks Junck as CEO
Mittal Steel Co and Arcelor SA chose Roland Junck, a senior Arcelor manager, as chief executive officer following the steelmakers’ $38.3bn ...