Newspaper industry loses one of its last big backers in Buffett, who delivered Washington Post as a kid
Berkshire Hathaway is selling 31 newspapers, as Warren Buffett backs away from the industry.
Berkshire Hathaway is selling 31 newspapers, as Warren Buffett backs away from the industry.
PayPal Holdings Inc reported a 13% fall in fourth-quarter profit on Wednesday, as it spent more on acquisitions and technology.
United Parcel Service Inc on Wednesday said it is ordering 10,000 electric delivery trucks from the UK-based Arrival Ltd and teaming with self-driving startup Waymo as package carriers work to cut costs and tail pipe pollution.
Alphabet Inc's Google said on Wednesday it is temporarily shutting down all its offices in China due to the outbreak of a new coronavirus in the country.
Wells Fargo & Co filed a mixed shelf offering of as much as $66 billion with the U.S. Securities and Exchanges Commission on Wednesday, and said it would use part of the proceeds to repurchase shares and pay down debt.
The Federal Communications Commission plans to move ahead in February with a planned public auction to free up spectrum in the key C-band and could endorse "low single-digit billion-dollar" incentive payments to shift existing satellite users, a person familiar with the matter said.
Archer Daniels Midland Co's quarterly profit beat estimates on Wednesday, as the U.S. grain trader's refined products unit benefited from strong global demand for both biodiesel and food oils.
White House economic adviser Larry Kudlow said on Wednesday that he would like the Federal Reserve to be bolder, hours after the U.S. central bank announced it would keep interest rates steady.
Tesla Inc on Wednesday posted the second quarterly profit in a row on record vehicle deliveries and said it would deliver more than 500,000 units this year, as the electric carmaker's shares surged to new highs.
United Parcel Service Inc said it aims to more than double weekend deliveries in 2020 as package carriers look for ways to satisfy the always-on demands of e-commerce customers, including rising rival Amazon.com Inc . The world's biggest online retailer pioneered seven-day delivery in 2013, in partnership with the U.S. Postal Service (USPS), and is now spending billions of dollars to speed up its free shipping.
Microsoft Corp on Wednesday reported fiscal second-quarter revenue and profit that beat Wall Street expectations, a sign that its Azure cloud computing services continues to grow amid a pitched battle with Amazon.com Inc’s cloud unit.
Facebook Inc reported a decline in fourth-quarter operating margins on Wednesday, missing Wall Street's expectations that it would level off spending to improve privacy and content across its apps, and revenue growth was the slowest ever.
Global airlines on Wednesday continued to suspend or scale back direct flights to China's major cities amid an increase in travel warnings and decline in demand from passengers over the coronavirus.
Global equity markets closed little changed on Wednesday as strong results from Apple and others provided a lift, but concerns about the coronavirus outbreak in China kept enthusiasm in check and a safe-haven bid in gold and the dollar alive.
Workers at Brazilian oil company Petrobras approved a plan to go on strike from Saturday, protesting a plan by the state-controlled firm to close a fertilizer plant and fire its 396 workers.