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  • The Latest: Warren Buffett’s letter leaves some wanting more

    OMAHA, Neb. (AP) — The Latest on investor Warren Buffett’s annual letter to Berkshire Hathaway shareholders (all times local): 10:30 a.m. Warren Buffett’s annual letter to Berkshire Hathaway shareholders is always well read in the business world, but this year’s edition may leave some investors wanting more. Buffett recounted Berkshire’s performance in his letter that […]
  • Berkshire Hathaway says tax law gives it $29B boost in 4Q

    OMAHA, Neb. (AP) — Berkshire Hathaway’s fourth-quarter profit more than quadrupled as it received a $29 billion boost from the new tax law that easily offset any weakness in the company’s businesses. Berkshire said Saturday it earned $32.6 billion, or $13.19 per Class B share, in the fourth quarter because of the tax law changes. […]
  • Investor Warren Buffett says good deals tough to find

    OMAHA, Neb. (AP) — Investor Warren Buffett says Wall Street’s lust for deals has prompted CEOs to act like oversexed teenagers and overpay for acquisitions, so it has been hard to find deals for Berkshire Hathaway. In his annual letter to shareholders Saturday, Buffett mixed investment advice with details of how Berkshire’s many businesses performed. […]
  • Companies that have cut ties with the NRA, at a glance

    NEW YORK (AP) — U.S. companies that have partnered with the National Rifle Association to offer discounts and benefits to its members have begun to distance themselves from the gun lobbying group after the latest school shooting. Following is a list of some of the companies that have cut ties or distanced themselves from the […]
  • NRA, Florida face backlash after latest school shooting

    NEW YORK (AP) — The National Rifle Association, and now the State of Florida, faced a growing backlash Saturday as companies cut ties to the gun industry following the latest school massacre, and student survivors called for tourism boycotts of their home state until gun control measures are enacted. The latest companies to end their […]
  • Warren Buffett is stepping down from Kraft Heinz board

    CHICAGO (AP) — Warren Buffett is stepping down from the board of directors of Kraft Heinz Co. The Chicago-based food and beverage giant says the 87-year-old billionaire investor will retire from its board when his term ends in April as he moves to cut back on travel. Buffett is the CEO of Berkshire Hathaway Inc., […]
  • Companies that have cut ties with the NRA, at a glance

    NEW YORK (AP) — U.S. companies that have partnered with the National Rifle Association to offer discounts and benefits to its members have begun to distance themselves from the gun lobbying group after the latest school shooting. Following is a list of some of the companies that have cut ties or distanced themselves from the […]
  • Texas adds 3 rigs as US rig count increases to 978

    HOUSTON (AP) — The number of rigs exploring for oil and natural gas in the U.S. increased by three this week to 978. That exceeds the 754 rigs that were active this time a year ago. Houston oilfield services company Baker Hughes reported Friday that 799 rigs drilled for oil this week and 179 for […]
  • Business Highlights

    ___ Fed expects economic gains to prompt gradual rate hikes WASHINGTON (AP) — The Federal Reserve says it expects that the ongoing strength of the U.S. economy will warrant further gradual increases in interest rates this year. It delivered the same steady-as-it-goes message under new leader Jerome Powell as it provided under Janet Yellen. The […]
  • Blue Buffalo and HPE climb while RBS and LifePoint drop

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Friday: Blue Buffalo Pet Products Inc., up $5.88 to $40 The pet food maker agreed to be bought by breakfast food maker General Mills for $40 a share, or $8 billion. HP Inc., up 74 cents to $22.13 The printer and PC maker reported […]