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    1. Samsung's Billionaire Chairman Died on Sunday. He Once Counted Warren Buffett as a Shareholder

      Samsung's Billionaire Chairman Died on Sunday. He Once Counted Warren Buffett as a Shareholder
      • Samsung's chairman, Lee Kun-hee, died on Sunday at age 78.
      • The boss of the South Korean conglomerate once counted Warren Buffett as a shareholder.
      • Buffett, a billionaire investor and the CEO of Berkshire Hathaway, made "hundreds of millions" from a rare overseas bet on Samsung, he revealed in a CNBC interview in 2018.
      • "It was a big, strong, good company," he said...
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    2. EasyJet Non-executive Director Moya Greene Not To Stand For Re-election

      EasyJet Non-executive Director Moya Greene Not To Stand For Re-election

      (RTTNews) – EasyJet Plc (ESYJY.PK, EZJ.L) Wednesday announced that Moya Greene DBE, non-executive director and Chair of the Remuneration Committee, has notified the Board that she will not be standing for re-election at the company’s next AGM. The company will announce Greene’s successor as Chair of the Remuneration Committee in due course...

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    3. Two Companies Backed by Warren Buffett Strike Deals Worth a Combined $8.6 Billion

      Two Companies Backed by Warren Buffett Strike Deals Worth a Combined $8.6 Billion
      • Two companies that count Warren Buffett as a shareholder announced acquisitions this week.
      • Liberty Global has agreed to buy Swiss telecoms rival Sunrise Communications for $7.5 billion in cash, while Brazilian payments group StoneCo is set to acquire software group Linx for $1.1 billion in cash and stock.
      • Assuming Buffett's Berkshire Hathaway hasn't altered its stakes in the two companies, they are currently worth a combined $1.3 billion...
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    4. Morgan Stanley is on Track to Resume Stock Buybacks and Raise its Dividend in 2021, CEO Says

      Morgan Stanley is on Track to Resume Stock Buybacks and Raise its Dividend in 2021, CEO Says
      • Morgan Stanley CEO James Gorman sees the bank resuming stock buybacks and boosting its dividend as early as next year.
      • The bank reported record quarterly earnings Thursday morning of $1.96 per share, beating analysts' $1.12 per-share estimate.
      • Morgan Stanley now holds between $6 billion and $10 billion in "excess capital," Gorman said on CNBC, adding "we should also increase our dividend and we should be back on the buyback trail...
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    5. Warren Buffett's Berkshire Hathaway Has Plowed $150 Million Into Liberty SiriusXM, and Looks Set to Invest Another $180 Million

      Warren Buffett's Berkshire Hathaway Has Plowed $150 Million Into Liberty SiriusXM, and Looks Set to Invest Another $180 Million

      Mario Anzuoni/Reuters

      • Warren Buffett's Berkshire Hathaway looks set to invest more than $330 million into Liberty SiriusXM in a matter of weeks.
      • The billionaire investor's company spent $152 million on the media group's "C" shares between May 21 and June 1, SEC filings show.
      • Berkshire also received 4.3 million rights to buy more "C" shares as part of a rights issue, and purchased another 2.9 million rights on the open market last month...
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      Mentions: stake Bank economy
    6. Warren Buffett's Berkshire Hathaway Lost Bill Gates as a Director This Year. Here are its 14 Board Members

      Warren Buffett's Berkshire Hathaway Lost Bill Gates as a Director This Year. Here are its 14 Board Members
      • Warren Buffett's Berkshire Hathaway lost one of its highest-profile directors when Microsoft cofounder and billionaire philanthropist Bill Gates resigned this year.
      • The famed investor's conglomerate still counts his right-hand man Charlie Munger and former Yahoo!, American Express, and NBCUniversal executives among its board members.
      • Here are Berkshire's 14 directors...
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    7. Billionaire Investor Carl Icahn Dumped all of his Hertz Shares at an Almost $2 Billion Loss After the Car Rental Giant's Bankruptcy

      Billionaire Investor Carl Icahn Dumped all of his Hertz Shares at an Almost $2 Billion Loss After the Car Rental Giant's Bankruptcy

      Carl Icahn gives an interview on FOX Business Network in 2014 Reuters Carl Icahn dumped his 39% stake in Hertz at a loss of nearly $2 billion on Tuesday. The billionaire investor sold his 55.3 million shares for less than $40 million after the car-rental agency filed for bankruptcy last week, a financial filing showed . "I sold my equity position at a significant loss, but this does not mean that I don't continue to have faith in the future of Hertz," Icahn said in the filing...

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    8. Corporate Profits Will Shrink 13% This Quarter and Kick Off an Earnings Recession, Bank of America Warns

      Corporate Profits Will Shrink 13% This Quarter and Kick Off an Earnings Recession, Bank of America Warns
      • Bank of America forecasts year-over-year earnings will be $34.00 in the first quarter, a 13% slump, according to a Monday note.
      • The bank expects earnings per share to decline on a year-over-year basis in all four quarters of 2020, marking the first earnings recession since 2015-16.
      • "We see even more downside risk to rest-of-year consensus estimates, where analysts forecast a -8% YoY decline in 2020 overall," BofA analyst Savita Subramanian said...
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      Mentions: Bank economy earnings
    9. Early Facebook Investor Peter Thiel Cashes in 80% of his Remaining Stock in the Social Media Giant

      Early Facebook Investor Peter Thiel Cashes in 80% of his Remaining Stock in the Social Media Giant
      • Early Facebook investor Peter Thiel offloaded $11.3 million worth of the social media giant's stock on February 6, according to regulatory filings.
      • The billionaire sold 53,602 shares, trimming his stake by 81%.
      • Thiel still holds 9,948 shares, worth about $2 million.
      • The investor also has a stake in Palantir Technologies, and indirectly invested in ventures including Space X and Spotify through his venture capital firm Founders Fund...
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      Mentions: IPO stake Bloomberg
    10. Victoria's Secret-parent L Brands Rockets Higher Following a Report That its Billionaire Owner is Looking to Sell the Brand

      Victoria's Secret-parent L Brands Rockets Higher Following a Report That its Billionaire Owner is Looking to Sell the Brand
      • Victoria's Secret-owner L Brands surged as much as 16% in early Wednesday trading after The Wall Street Journal reported owner Les Wexner is in discussions to step down as CEO and sell the lingerie giant.
      • The talks are reportedly ongoing, and could involve the full or partial sale of the brand, or end without any deal, sources familiar with the matter told The Journal...
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    11. Warren Buffett May be Hoarding $128 Billion to Reassure Investors if He Gets Sick Again

      Warren Buffett May be Hoarding $128 Billion to Reassure Investors if He Gets Sick Again
      • Warren Buffett and Charlie Munger may be hoarding cash in case they get sick and need to reassure investors, Bill Smead told Yahoo Finance this week.
      • "When one of them has a medical malady, they've got that bazooka loaded to buy back Berkshire Hathaway stock if people panic," said the founder and investment chief of Smead Capital Management.
      • Berkshire boasted $128 billion in cash and liquid assets at the end of September, a 15% increase from the end of 2018...
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    12. It's official: Charles Schwab strikes $26 billion deal to buy TD Ameritrade

      It's official: Charles Schwab strikes $26 billion deal to buy TD Ameritrade

      Reuters

      • Charles Schwab officially announced a $26 billion deal to buy TD Ameritrade, combining two of America's largest discount brokerages.
      • The combined group will boast 24 million customer accounts and handle more than $5 trillion in client assets.
      • Schwab expects the tie-up to generate $1.8 billion to $2 billion in ongoing cost savings, and boost earnings per share by 10% to 15% in the third year after the deal closes.
      • Watch Charles Schwab and TD Ameritrade trade live.
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    13. JPMorgan CEO Jamie Dimon Says WeWork's IPO Debacle Taught Him a Few Key Lessons

      JPMorgan CEO Jamie Dimon Says WeWork's IPO Debacle Taught Him a Few Key Lessons
      • Jamie Dimon, the CEO of JPMorgan, said he learned a few key lessons from WeWork's failed initial public offering.
      • The banking titan said in an interview with CNBC that the situation reminded him of the importance of having a strong corporate governance structure established before a company files its IPO paperwork.
      • The comments come after JPMorgan played a lead role in the office-leasing giant's attempted listing...
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    14. AT&T Climbs After Releasing a 3-year Plan to Meet Activist Firm Elliott Management’s Goals (T)

      AT&T Climbs After Releasing a 3-year Plan to Meet Activist Firm Elliott Management’s Goals (T)
      • AT&T shares jumped as much as 4% early Monday after the telecom giant released a three-year plan to accomplish many goals set out by activist firm Elliott Management.
      • The plan calls for the separation of AT&T's CEO and chairman roles, a pause on major acquisitions, and the addition of two new directors.
      • AT&T also forecasted earnings per share between $4.50 and $4.80 by 2022, trouncing the consensus analyst estimate of $3.39 per share...
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    15. WeWork is Reportedly Seeking a $4 Billion Lifeline from SoftBank and JPMorgan

      WeWork is Reportedly Seeking a $4 Billion Lifeline from SoftBank and JPMorgan

       WeWork is reportedly seeking a $4 billion lifeline from SoftBank and JPMorgan.

      • The shared workspace group is in talks with its largest investor for a $1 billion injection, which it hopes to parlay into a $3 billion debt deal with the bank, according to Reuters.
      • WeWork is hoping to secure the funds as early as next week, when it expects to outline planned job cuts and asset sales to employees, Reuters reported...
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      Mentions: IPO SoftBank stake
    16. VW CEO and Chairman Charged with Market Manipulation

      VW CEO and Chairman Charged with Market Manipulation
      • Volkswagen CEO Herbert Diess and chairman Hans Dieter Poetsch were charged with market manipulation by a German court, according to an indictment filed Tuesday.
      • The case alleges the two misled investors by not telling them about the company's 2015 diesel emissions scandal early enough.
      • Former CEO Martin Winterkorn was also charged in the indictment. Winterkorn left the automaker just days after news of the scandal broke...
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    17. Carl Icahn is Reportedly Taking his Hedge Fund's Talents to Miami for Tax Reasons

      Carl Icahn is Reportedly Taking his Hedge Fund's Talents to Miami for Tax Reasons
      • Billionaire investor Carl Icahn is moving his New York hedge fund to Florida next year, according to a report from the New York Post.
      • The activist investor had been considering the move for the last couple of years, and he told the staff of Icahn Enterprises a few months ago that the Manhattan office would be closing at the end of March 2020.
      • Icahn is offering employees a $50,000 relocation benefit if they follow him to Florida...
      • Visit the Markets Insider homepage for more stories.
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    18. HSBC's CEO is Out in a Shocking Departure, and the Firm is Set to Lay Off Thousands

      HSBC's CEO is Out in a Shocking Departure, and the Firm is Set to Lay Off Thousands
      • HSBC made the surprising announcement late Sunday that John Flint would be stepping down as CEO after just 18 months in the role.
      • Following the departure, HSBC confirmed its plan to cut up to 2% of the bank's workforce of almost 238,000.
      • The London-based bank is just the latest to slash thousands of jobs as the industry faces headwinds from low interest rates, rising trade tensions, and a challenging environment for trading.
      • Shares of HSBC fell more than 2% in early trading on Monday...
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    19. Carl Icahn Criticizes Petroleum Giant Occidental's Recent Mega-Merger

      Carl Icahn Criticizes Petroleum Giant Occidental's Recent Mega-Merger
      • Carl Icahn slammed Occidental Petroleum's CEO and chairman Monday, saying its deal to takeover Anadarko was hastily done.
      • Icahn and the board of Occidental have been in a public battle over the deal and four director seats on the board.
      • In the latest letters to shareholders, Icahn said that Warren Buffett's $10 billion financing of the Anadarko deal took Occidental's CEO "to the cleaners."...
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    1-24 of 91 1 2 3 4 »
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