The quarterly filings don’t make clear who made all the investments. Buffett handles the biggest investments in Berkshire’s portfolio, such as Coca-Cola, Apple and Wells Fargo. He has said that investments of less than $1 billion are likely to be the work of Berkshire’s two other investment managers.
Instagram has already invested in ways of winning over influencers who have become popular on TikTok. But without the creative community, the scale and the algorithms, which not only keep old users but also inspire new ones, the copies will not succeed. Facebook recently shut down its short video sharing app Lasso, seen to be […]
Berkshire is sitting on a pile of more than $128 billion cash because Buffett has struggled to find major acquisitions for the company recently. Buffett said Berkshire completed a $10 billion investment in Occidental Petroleum and repurchased about $700 million of its shares during the quarter.
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.
“This is a compelling and transformative transaction for Lee,” said Mary Junck, Lee’s chairman. “It both refinances our long-term debt on attractive terms and provides new revenue opportunities as well as operational synergies across an expanded portfolio.”
Clinton is consulting the ghostwriter of Trump’s autobiography, a team of psychologists, and “forensic” analyses of Trump’s GOP primary debates to identify “trigger points” that could cause the Republican nominee to “lash out in less-than-presidential ways.” So far, they have deduced that Donald Trump is “most insecure about his intelligence, his net worth and his […]
“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.”
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Born 24 years ago — just a year after India connected to the Internet — The Internet Archive is an American non-profit organisation that digitises films, books, letters, images, audio, video and software programmes. Its key project, The Wayback Machine trawls the web, copying pages, to build a library of the internet itself.