Reuters US Business

Berkshire Hathaway removes diversity and inclusion from annual report

22 Feb 2025

By Jonathan Stempel (Reuters) – Warren Buffett’s Berkshire Hathaway on Saturday joined a growing list of American companies to publicly change their approach to discussing their commitment to diversity and inclusion. Berkshire’s annual report includes a section describing how the conglomerate’s 189 operating businesses, which employ about 392,400 people, depend on human capital and resources, …

Berkshire Hathaway removes diversity and inclusion from annual report Read More »

Warren Buffett sounds warning to Washington as Berkshire reports record profit, cash

22 Feb 2025

By Jonathan Stempel NEW YORK (Reuters) – Berkshire Hathaway on Saturday reported record annual profits and boosting its cash stake to $334.2 billion, as Warren Buffett used his annual shareholder letter to caution Washington to spend money wisely and take care of those who get the “short straws in life.” Buffett’s admonition came as many …

Warren Buffett sounds warning to Washington as Berkshire reports record profit, cash Read More »

Buffett’s Berkshire posts record profit on insurance, investments

22 Feb 2025

By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway on Saturday said operating profit set a record in the fourth quarter and for the third straight calendar year, bolstered by improved underwriting and higher investment income in its insurance businesses. Much of that income came from Berkshire’s enormous cash stake, which ended 2024 at a record …

Buffett’s Berkshire posts record profit on insurance, investments Read More »

Seven & i Holdings picks Bain as preferred buyer in asset sale, media say

22 Feb 2025

TOKYO (Reuters) – Japan’s Seven & i Holdings, operator of the 7-Eleven convenience store chain, has picked Bain Capital as its preferred buyer for a stake of its non-core assets, local media reported on Saturday. Bain has been competing against rival private equity firm KKR and local buyout firm Japan Industrial Partners in bidding since …

Seven & i Holdings picks Bain as preferred buyer in asset sale, media say Read More »

Boeing’s chief aerospace safety officer set to retire, memo shows

22 Feb 2025

(Reuters) – Boeing’s longtime veteran and chief aerospace safety officer, Mike Delaney, will retire later this year, according to a memo seen by Reuters on Friday. The aerospace company in the next few weeks will appoint a successor to Delaney who has been working with Boeing for nearly four decades, company chief Kelly Ortberg told …

Boeing’s chief aerospace safety officer set to retire, memo shows Read More »

Wall Street ends sharply lower on mounting concerns over economy, tariffs

22 Feb 2025

By Stephen Culp NEW YORK (Reuters) -U.S. stocks tumbled on Friday, extending their selloff in the wake of dour economic reports and closing the book on a holiday-shortened week fraught with new tariff threats and worries of softening consumer demand. All three major U.S. stock indexes moved decisively lower on the heels of the data, …

Wall Street ends sharply lower on mounting concerns over economy, tariffs Read More »

Trump orders trade chief to revive tariff retaliation against digital taxes

22 Feb 2025

By Nandita Bose, David Lawder and Steve Holland WASHINGTON (Reuters) -President Donald Trump on Friday ordered his trade chief to revive investigations aimed at imposing tariffs on imports from countries that levy digital service taxes on U.S. technology companies. A White House official, providing details of the order, said Trump was directing his administration to …

Trump orders trade chief to revive tariff retaliation against digital taxes Read More »

Trump’s 10% oil tariff could cost foreign producers $10 billion annually, Goldman Sachs says

22 Feb 2025

(Reuters) – Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, as Canadian and Latin American heavy crudes remain reliant on U.S. refiners due to limited alternative buyers and processing capabilities. President Donald Trump plans to impose a 25% tariff on Mexican crude and a …

Trump’s 10% oil tariff could cost foreign producers $10 billion annually, Goldman Sachs says Read More »

Under Trump, consumer watchdog drops case against online lender

22 Feb 2025

By Douglas Gillison (Reuters) – The U.S. Consumer Financial Protection Bureau, which President Donald Trump has moved to abolish, told a court on Friday it was dropping a lawsuit against the online lending platform Solo Funds, which the agency had earlier accused of deceiving borrowers about the cost of loans. The case, which the CFPB …

Under Trump, consumer watchdog drops case against online lender Read More »

Close Bitnami banner
Bitnami