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Berkshire Hathaway’s shares fall after $3.8 billion write-down, operating profit weakness
(Reuters) -Class A shares of Warren Buffett’s Berkshire Hathaway fell more than 3% in afternoon trading on Monday, as investors fretted over a $3.8 billion write-down and a dip in quarterly operating profit that the firm disclosed on Saturday. The write-down of Berkshire Hathaway’s 27.4% stake in Kraft Hei … Read More >>
Tyson Foods boosts revenue forecast as chicken sales rise
(Reuters) -Tyson Foods raised its annual revenue forecast and reported better-than-expected quarterly earnings on Monday as consumers’ increased appetite for chicken helped offset steep losses in its beef business.Shares rallied 4% after dropping on Friday to their lowest level since February 14 amid pressure … Read More >>
Amazon overhauls Wondery podcast studio, cuts 110 jobs
(Reuters) -Amazon.com is restructuring the Wondery podcast studio by shifting its award-winning narrative podcasts such as “Business Wars” to Audible and consolidating creator-led shows into a new unit, according to a memo seen by Reuters.About 110 employees will be laid off as part of the process and many wi … Read More >>
‘There is no money’: Argentina’s Milei vetoes pension boost passed by Congress
The decision to veto the bills had already been announced by Milei last month, although Congress – where the libertarian president does not have a majority – can still overturn the vetoes.The vetoes come less than three months before Argentina’s mid-term elections, seen as a gauge of approval for the Milei ad … Read More >>
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