Warren Buffett’s firm adds to its Amazon, bank investments

Berkshire owns more than 90 companies, including BNSF railroad, clothing, furniture and jewelry firms. Its insurance and utility businesses typically account for more than half of the company’s net income. It also has major investments in such companies as American Express, Coca-Cola Co. and Wells Fargo & Co.

Berkshire Hathaway’s third-quarter profits decline 11%

Berkshire recorded a $467 million gain on its Kraft Heinz investment during the quarter after the food company released its earnings for the first half of the year in August. Earlier in the year, Berkshire omitted Kraft Heinz from its first two quarterly reports while Kraft Heinz reviewed and restated its earnings after it announced […]

Buffett’s firm adds stake in RH, trims Wells Fargo holdings

Berkshire picked up 1.2 million shares of specialty home furnishings retailer RH during the third quarter and acquired nearly 7.5 million shares of Occidental Petroleum as part of helping finance Occidental’s acquisition of Anadarko. Berkshire invested $10 billion in the Occidental deal during the quarter.

Warren Buffett gets out of the newspaper business

Berkshire Hathaway is providing about $576 million in long-term, 9% financing to Lee, which it will use to pay for the Berkshire properties and refinance Lee’s approximately $400 million in existing debt. Berkshire will be Lee’s sole lender after the deal closes.

Sieren’s China: The battle of tech giants

Many young people identify with TikTok, so the app cannot simply be banned. But even if it were, some young US users might feel compelled to download VPNs just so that they can continue to use TikTok. After all, that’s what their Chinese counterparts do to access Google, Facebook and Instagram. If they had to […]

Donald Trump Can’t Be Bothered to Prepare for the Debates

He summons his informal band of counselors — including former New York mayor Rudolph W. Giuliani, talk-radio host Laura Ingraham and ousted Fox News Channel chairman Roger Ailes — to his New Jersey golf course for Sunday chats. Over bacon cheeseburgers, hot dogs and glasses of Coca-Cola, they test out zingers and chew over ways […]

Cristiano Ronaldo ‘agreed to QUIT Man Utd for shock Valencia transfer in 2006’ after struggles under Sir Alex Ferguson

“It was match after match after match and in a two-year period I’ve never seen anything like it on a pitch at Old Trafford.”

NFF distributes FIFA’s N772m COVID-19 relief fund to clubs

In the breakdown of the funds’ distribution, the men’s football division will get N579 million ($1.5 million) while the women’s division will get N193 million ($500,000) allocated to them from FIFA with no share in the extra funds gotten from sponsors and CAF.

Georgia Authorities Investigate Police-Involved Shooting Death of Man Following Struggle

In a press release from the Georgia Bureau of Investigations (GBI), the department said Saturday that Atlanta police were called to a local Wendy’s after the man, later identified as Rayshard Brooks, had reportedly fallen asleep in his car on the way to the drive-thru window, “causing other customers to drive around the vehicle.”