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Warren Buffett’s firm adds to Apple, Teva investments

Berkshire Hathaway Inc. filed an update on its U.S. stock portfolio with the Securities and Exchange Commission on Tuesday. Berkshire held nearly 252 million Apple shares at the end of June, up from 239.57 million in March. Berkshire had said Monday that it reduced some of its investments in airline and banking companies, such as American Airlines and U.S. Bancorp, because it seeks to own no more than 10 percent of any firm and those companies have been repurchasing stock. …read more […]

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Sears CEO Bids $470 Million for Kenmore, Home-Improvement Units

Edward Lampert wants to slim Sears down so it can stay standing. Lampert, the chief executive officer of Sears as well as its largest shareholder, is proposing to use his hedge fund ESL Investments Inc. to buy the store’s Kenmore and Sears Home Improvement businesses at a valuation of around $470 million, according to a regulatory filing Tuesday. “We are prepared to move as quickly as possible to complete these transactions, which is in the best interest of all parties involved,” ESL said in a emailed statement to Bloomberg News. …read more […]

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Verizon Is Close to Apple, Google Deals for 5G TV

Verizon Communications Inc. announced deals making Apple Inc. and Google its first video providers for a superfast 5G wireless service the company plans to launch in four cities later this year. The home broadband service will debut in Los Angeles, Houston and Sacramento, California, as well as the newly announced fourth city of Indianapolis, Verizon said Tuesday in a statement. With the introduction, Verizon will provide 5G customers either a free Apple TV box or free subscription to Google’s YouTube TV app for live television service, according to people familiar with the plan. …read more […]

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Verizon Is Close to Apple, Google Deals for 5G TV

Verizon Communications Inc. is close to deals making Apple Inc. and Google its first video providers when it launches a superfast 5G wireless service in four cities later this year, according to people familiar with the situation. Under the deals, which could be announced as soon as Tuesday, Verizon will offer 5G customers a free Apple TV box or a free subscription to Google’s YouTube TV app for a live television service, said the people, who asked not to be identified because the agreements haven’t been announced. After shelving its own online TV effort, New York-based Verizon decided …read more […]

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Manafort chooses not to testify as defense rests its case

Paul Manafort’s defense rested its case Tuesday without calling any witnesses in the former Trump campaign chairman’s tax evasion and bank fraud trial. Manafort himself chose not to testify. The decision not to call witnesses clears the way for the jury to hear closing arguments in the first trial to emerge from special counsel Robert Mueller’s investigation. …read more […]

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Elon Musk says he's hired Goldman Sachs to help take Tesla private — even though the bank's analyst is one of the most bearish on Wall Street (TSLA)

Goldman Sachs’ analyst is one of the most bearish Tesla analysts on Wall Street, with a “sell” rating and $210 price target — 40% below where shares are trading. Elon Musk hasn’t been one to hide his disdain for Tesla skeptics on Wall Street. …read more […]

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Should You Buy Cisco (CSCO) Stock Ahead of Earnings?

Cisco Systems (CSCO) has seen its stock price sink roughly 3% over the last three months as investors decide what to make of the historic tech giant’s future. Cisco is coming off a relatively solid fiscal third quarter and has made a string of acquisitions that set it up for a stronger future. But the question is should investors buy CSCO stock ahead of the firm’s earnings release Wednesday? …read more […]