Business

Buffett's Berkshire on Verge of Becoming BofA's Top Shareholder

Buffett's Berkshire on Verge of Becoming BofA's Top Shareholder

Berkshire Hathaway did not respond to immediate requests for comment from Fortune . It would certainly be another vote of confidence for Bank of America , whose stock has still yet to recover from its fall during the financial crisis. In contrast, the value of the preferred shares will not change so long as Bank of America does not collapse. Bank of America plus a number of other companies in the past that got into trouble were also helped by Warren Buffett . Read More

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Walgreens to buy half of Rite Aid stores for $5.2 bn

Walgreens to buy half of Rite Aid stores for $5.2 bn

The firm's market capitalization is $5.13 billion. Several research firms have commented on RAD . While taking a look at financials, we can look at a number of key indicators about Rite Aid Corporation (RAD ). "Has $890,000 Stake in Rite Aid Corporation (RAD )" was originally published by Sports Perspectives and is owned by of Sports Perspectives. That said , the decision to sell so many stores will weaken Rite Aid and could still be controversial, said David Balto, an antitrust ... Read More

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Amazon Prime Day deals, time and date

Amazon Prime Day deals, time and date

People who have already signed up for Prime will be given access to 30 hours of deals starting at 6pm on Monday, July 10 . Commenting on Prime Day , Amit Agarwal , SVP and country head, Amazon India said, "Prime is our flagship program which brings to members the best of Amazon with unlimited free fast delivery , ad-free video streaming , exclusive selection and deals, and much more". Read More

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Iron Man 2 Spider-Man Cameo Confirmed by Tom Holland

Iron Man 2 Spider-Man Cameo Confirmed by Tom Holland

Near the end of the 2010 flick, a young boy in an Iron Man mask at the Stark Expo (in Queens) defiantly stands up to Hammer drone , only to be saved by Tony Stark himself seconds later. Tom Holland reprises his role from that movie and early word is good (we'll find out in our review screening of the film later this week). "I remember watching that with [Marvel Studios head] Kevin Feige and everyone and being like, 'Does the math work on that?'" Watts recalled. Read More

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New cyber attack causes mass disruption across Europe

New cyber attack causes mass disruption across Europe

A big back up in a single port can reverberate more widely quickly. APM Terminals is a subsidiary of shipping giant Maersk , which has confirmed that it is suffering from a cyber attack. But earlier Wednesday, the Australian Manufacturing Workers' Union's Tasmania secretary John Short said the Cadbury chocolate factory in Tasmania had stopped production after computers there crashed. Read More

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Spithill could hand over wheel of desperate Oracle

Spithill could hand over wheel of desperate Oracle

It was a nerve-racking experience for the man who had the best seat in the house for Peter Burling's brilliant high-speed hook of Jimmy Spithill in the America's Cup start box. “We didnt sail particularly well today but it was great to walk away with another win. "All teams rely on algorithms and systems. but at the end of the day a human has to decide when to push a button or when to make a move". Read More

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CNN tweets a correction at Trump

CNN tweets a correction at Trump

CNN said Monday that three journalists, including the executive editor in charge of a new investigative unit, have resigned after the publication of a Russia-related article that was retracted. Elsewhere, Project Veritas had posted a tape on YouTube purporting to show a CNN Health supervising producer talking about the ratings-driven nature of cable news' focus on the Russian Federation story. Read More

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Pandora Media founder stepping down as CEO

Pandora Media founder stepping down as CEO

Westergren co-founded Pandora in 2000 and served as CEO/president from 2002 until 2014, before returning in May of previous year as CEO (replacing Brian McAndrews). For a company that burned $135 million in cash in 2016 and already went through almost $30 million in the first quarter of 2017, it may force the company to raise more cash in the not too distant future. Read More

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China to support bilateral mechanism between Pakistan and Afghanistan

China to support bilateral mechanism between Pakistan and Afghanistan

The Chinese foreign minister told reporters he conducted the "shuttle diplomacy" to do what China can to help improve relations between the two countries and to help facilitate the reconciliation process in Afghanistan. "That's the kind of role that the U.S. would like to encourage and perhaps maybe even cooperate in terms of development projects", the official said on condition of anonymity. Read More

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SpiceJet signs deal to buy 40 Boeing 737 MAX 10 jets

After years of booming orders driven by increased air travel and more fuel-efficient planes, passenger jetmakers are bracing for a slowdown in demand while they focus on meeting tight delivery schedules and ambitious production targets. Leahy also said that the gap with Boeing was smaller than it seemed when looking only at signed orders, rather than initial announcements. With aerodynamic improvements, Airbus said the aircraft would be 13% cheaper to operate on a per-seat basis from ... Read More

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US releases photos of 'unsafe' Russian jet intercept

US releases photos of 'unsafe' Russian jet intercept

The NATO jet closed in and began flying parallel to Shoigu's plane, video shot on board and released by the Defense Ministry's Zvezda news agency showed. Pentagon Spokesman Captain Jeff Davis told reporters: "We were flying in worldwide airspace and did nothing to provoke this behavior". Russia, a staunch ally of Syrian President Bashar al-Assad, said it would treat US-led coalition aircraft flying west of the Euphrates River in Syria as potential targets and track them with missile ... Read More

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Enable Midstream Partners, LP (ENBL) Upgraded at TheStreet

Magellan Midstream Partners, L.P. (NYSE:MMP) share price decreased in the last trading session with a previous 52-week high of $81.77. It has underperformed by 0.16% the S&P500. Ameriprise holds 12,260 shares or 0% of its portfolio. Nbt Savings Bank N A Ny holds 2.22% or 109,677 shares. Andra Ap reported 0.02% of its portfolio in Comerica Incorporated (NYSE:CMA). Read More

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Greece to get £7.4 billion bailout payment

This specificity however does not include concrete steps, letting things to be clarified further in the future, at the end of Greece's third bailout programme in mid-2018. Under the terms of its 2015 bailout, Greece's European creditors had promised to provide cash and find a way to lighten the country's long-term debt load — as long as the government kept a lid on spending and deeply reformed the Greek economy. Read More

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Rosenstein says he's seen no good cause to fire Mueller

In his interview , Ruddy said Trump had interviewed Mueller for the position of Federal Bureau of Investigation director several days before Rosenstein appointed him special counsel. The talk about dismissing Mueller appeared to be coming from Trump allies - including some close to White House strategist Steve Bannon - who are increasingly frustrated with the prospect of a long and winding probe. Read More

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Bill Cosby's jury wants to hear accuser's testimony again

Bill Cosby's jury wants to hear accuser's testimony again

The jury has deliberated a total of about 16 hours over two days. The case was handed to the jury on Monday evening (12Jun17), and during the third day of deliberations on Wednesday (14Jun17), Pulliam appeared on USA breakfast show Today to further discuss her reasons for publicly backing Cosby , who pleaded not guilty to three counts of aggravated indecent assault. Read More

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Trump calls ex-FBI director Comey a 'leaker' after testimony

Comey delivered congressional testimony on Thursday that Trump asked the FBI chief to end an investigation into a top aide and demanded a pledge of loyalty - claims disputed by Trump . "That was an excuse by the Democrats who lost an election that some people think they shouldn't have lost, because it's nearly impossible for the Democrats to lose the electoral college, as you know", the president said. Read More

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Marks & Spencer Group (LON:MKS) Broker Roundup

It has underperformed by 3.35% the S&P500. About 6.48M shares traded. This target by Deutsche would indicate the possibile downside of -19.52 % from the previous stock close. Therefore 29% are positive. The company was upgraded on Friday, December 11 by Standpoint Research. Jefferies maintained the stock with "Buy" rating in Tuesday, April 18 report. Read More

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BA battles third day of disruption, image blow after IT meltdown

BA battles third day of disruption, image blow after IT meltdown

Travellers spent the night sleeping on yoga mats spread on terminal floors on Saturday after BA cancelled all flights leaving the London hubs, and disruption continued into Sunday with dozens more services from Heathrow axed. On top of that, the airline will pay compensation to customers for the delays, though he added it looked likely to be a one-off cost which would be limited given the resumption of flights on Sunday and Monday. Read More

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IndyCar race at Texas red-flagged after big crash

The win was Power's second of the season and tied him with Paul Tracy and Dario Franchitti for ninth place on the sport's all-time list. Twenty-two cars started Saturday night's race. That led to a spark-spraying chain reaction that took out both Dale Coyne Racing drivers, Tristan Vautier and Ed Jones , and sent driver-owner Ed Carpenter and his teammate JR Hildebrand to the garage. Read More

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UK leader May seen fighting for survival after election failure

The British voters' stunning setback for Prime Minister Theresa May's Conservative Party will result in a hung Parliament , and may hang up Brexit negotiations and even the Western alliance. Now, the survey has revealed that 26 per cent of Labour voters committed to the party in "the last few days". Yet with the result from Thursday's United Kingdom election, which left no single party with a majority , it is anyone's guess when and how the country will be ready to start the talks. Read More

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Djokovic, Nadal on course for French Open semi-final collision

Shortly before setting out to try and defend the French Open he announced that he had got together with eight-time major champion Andre Agassi, although the American was only in Paris for a week and missed Djokovic's defeat by Thiem. She bounced back and then saved a match point in the tiebreaker. Second-seeded Karolina Pliskova advanced to the semifinals of the French Open by beating No. Read More

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