Business & Finance News
Berkshire Hathaway Inc has been buying shares of Amazon.com Inc, according to Chief Executive Officer Warren Buffett, CNBC reported on Thursday.
Economic commentator Stephen Moore has withdrawn from consideration for a seat on the U.S. Federal Reserve Board after weeks of criticism about his political partisanship, shifting views on interest rate policy, and sexist comments about women.
President Donald Trump’s pick for a Federal Reserve Board seat, economic commentator Stephen Moore, said on Thursday he would win the Senate’s needed backing for the post if the debate over his prospective nomination were about policy, Bloomberg Television reported.
Tesla Inc Chief Executive Elon Musk personally owes $507 million to Wall Street banks involved in Tesla’s stock and debt sale, backed by his stake in the electric car maker, a company filing showed on Thursday.
The U.S. Department of Justice asked a federal judge on Thursday to hold a hearing on any possible remedies to be imposed if mobile chip supplier Qualcomm Inc is found liable in an antitrust lawsuit brought by the U.S. Federal Trade Commission.
Tesla Inc should find no shortage of demand for the $1.35 billion convertible bond the electric carmaker is selling even though the terms it is offering look inferior on paper to a similar deal two years ago, bond investors said Thursday.
Tesla Inc will raise up to $2.3 billion in new capital, renouncing what Elon Musk called a “Spartan diet” and easing Wall Street concerns about the money-losing company’s ability to overcome a drop in sales and build new product lines.
An Australian law firm has filed a class action against Uber Technologies Inc on behalf of thousands of taxi and chartered drivers in Australia, accusing the world’s largest ride-hailing company of operating illegally and causing them financial harm.
Microsoft Corp on Thursday announced new tools for software makers aimed at making technologies such as artificial intelligence and blockchain easier for businesses to use.
PG&E Corp said on Thursday the U.S. Securities and Exchange Commission is investigating the company regarding public disclosures and losses related to wildfires.
Activision Blizzard Inc forecast second-quarter adjusted profit below estimates on Thursday, as the videogame maker puts more money into its franchises to battle competition from blockbuster games “Fortnite” and “Apex Legends”.
Shares of vegan burger maker Beyond Meat Inc rose more than 160 percent in their market debut on Thursday, as investors look to cash in on the first publicly listed veggie meat company and the growing popularity of plant-based meat alternatives.
CBS Corp sees advertising prices rising for its slate of TV shows in the upcoming fall programming season, executives said, as the TV broadcaster and media company on Thursday reported first-quarter revenue falling short of analysts’ estimates from weaker content licensing and distribution sales.
U.S. prosecutors on Thursday filed a motion to disqualify the lead defense lawyer for Huawei Technologies Co Ltd from the case accusing the Chinese company of bank fraud and sanctions violations, according to a filing in U.S. District Court in Brooklyn, New York.
General Motors Co is considering a $1 billion investment at its Missouri assembly plant where it builds vans and trucks, state officials said on Thursday.
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