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Buffett’s Big Berkshire Buyback

Earlier this month, Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) stirred up the market with a big announcement – it’s changing its share repurchase policy to be more “flexible.”

The framework previously allowed for the buyback of shares at prices “no higher than a 20% premium to book value.”

This is not the first time Berkshire has updated this policy. When it announced its first repurchase plan with Buffett at the helm in 2011, the program limited the premium to just 10% over book value. With the current price hovering around a 40% premium to book value, a buyback now would be double …read more […]

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Trump and Son at Legal Risk If Found Lying About Russia Meeting

President Donald Trump faces potential legal and political danger if it’s proven he knew in advance about a meeting his son and campaign aides had with Russians said to be promising dirt on Hillary Clinton, according to former federal prosecutors. The allegation reportedly made by Trump’s former personal attorney Michael Cohen adds an explosive twist to the famous June 2016 meeting at Trump Tower, which has become a focus of Special Counsel Robert Mueller’s investigation into whether anyone in Trump’s campaign conspired with Russia to interfere in the last U.S. presidential election. Trump and his current lawyer, Rudy …read more […]

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CBS probes misconduct allegations against CEO Moonves amid legal battle

The allegations against Moonves surfaced as he is locked in a legal battle over control of CBS with the company’s largest shareholder, National Amusements Inc, owned by Shari Redstone and her father Sumner who also control media company Viacom (VIAB.O). The New Yorker report featured claims against Moonves from six women spanning different time periods over two decades, from 1985 to 2006. …read more […]