Business

Berkshire Hathway succession plan takes shape, Jain gets board seat

Berkshire Hathway succession plan takes shape, Jain gets board seat

Buffett and Charles T. Munger, 94, Berkshire Hathaway's vice chairman, will continue in their current positions, including being responsible for significant capital allocation decisions and investment activities. Berkshire Hathaway Inc .'s Board of Directors voted yesterday to increase the number of directors on the company Board from twelve to fourteen. Mr.



Traders Alert: Mastercard Incorporated (MA), Kimco Realty Corporation (KIM)

Guggenheim Capital Ltd holds 0.09% of its portfolio in Kimco Realty Corporation (NYSE:KIM) for 2.03M shares. The return on assets stands at 3.2%, Return on Equity now is 7% and the Return on Investment value is 1.8%. The institutional investor held 228,736 shares of the home furnishings company at the end of 2017Q3, valued at $5.37 million, down from 709,315 at the end of the previous reported quarter.


Tesla Begins Mass Production Of Solar Shingles

Tesla Begins Mass Production Of Solar Shingles

The product was unveiled in October 2016 and at the time CEO of Tesla , Elon Musk suggested the first installation of the revolutionary product could happen by the Summer of 2017. Tesla began the production of its solar panels and solar cells four months ago in its Buffalo Gigafactory 2. The solar shingles will be more expensive than conventional roofing as they carry the photovoltaic panels, but not by all that much more, said a finance analyst on Wall Street.


Christmas sales rise triggers Sainsbury's profit boost

Christmas sales rise triggers Sainsbury's profit boost

The supermarket chain, which also owns Argos , sold 1.1 per cent more in the 15 weeks to 6 January, with grocery sales up 2.3 per cent. Shares nudged up almost 2% in morning trading to 253p. Mike Coupe, group chief executive, said: "We delivered an excellent operational performance across the group, with great availability, strong customer satisfaction scores and our lowest level of waste ever at Christmas".


Former Google engineer fired over gender memo sues for discrimination

Former Google engineer fired over gender memo sues for discrimination

In addition to the overwhelming percentage of white males on the Google workforce, the company is also facing a gender pay discrimination case for which they refuse to turn data over to the Labor Department, denying there's a problem (even though the New York Times found pay disparity in 1,200 comparable salaries at Google).


JFK woes 'unacceptable — Airport agency head

JFK woes 'unacceptable — Airport agency head

Water poured from the ceiling onto a check-in counter and covered large areas of the floor of Terminal 4, video on CNN showed. Winds of more than 144 kilometres per hour swirled around New Hampshire's Mount Washington, the north-east's highest peak, at a temperature of -38 degrees Celsius and a wind chill of -69C.