Category: Business
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Berkshire Hathaway trims Bank of America stake by $863 million
[ad_1] Warren Buffett’s Berkshire Hathaway Inc. sold an additional $863 million of Bank of America Corp. stock, trimming the conglomerate’s stake closer to a 10% regulatory threshold. Berkshire now owns 10.5% of the second-largest US bank after the latest disposals on the three trading days through Tuesday, according to a regulatory filing. As long as…
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Elliott Investment Management L.P.’s Strategic Acquisition in Southwest Airlines Co
[ad_1] Overview of the Recent Transaction On September 24, 2024, Elliott Investment Management L.P. (Trades, Portfolio) made a significant addition to its investment portfolio by acquiring 3,028,000 shares of Southwest Airlines Co (NYSE:LUV). This transaction, executed at a price of $29.63 per share, increased Elliott’s total holdings in the airline to 61,116,500 shares. This move…
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Yorkshire has lowest ratio of bank branches to people in UK, says Which?
[ad_1] Yorkshire has the lowest ratio of bank branches to people of anywhere in the UK after a wave of closures that has left many places without a single outlet, research has found. The Yorkshire and the Humber region now has 248 branches left to serve a population of 5.6 million people, according to consumer…
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Alaska Air gets credit rating knocked down to junk status
[ad_1] Moody’s Ratings cut Alaska Air Group Inc.’s credit grade to junk status after the company said it plans to issue secured debt to refinance borrowings from its acquisition of Hawaiian Holdings Inc., according to a statement on Tuesday. The credit grader lowered the airline’s issuer rating to Ba1, the highest junk level, from Baa3,…
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Caroline Ellison sentenced to 2 years in prison for her role in $11 billion FTX and Alameda Research fraud scheme
[ad_1] Caroline Ellison, the ex-executive who pleaded guilty to conspiring with disgraced crypto mogul Sam Bankman-Fried, has been sentenced to two years in prison for her role in an $11 billion fraud scheme. US District Judge Lewis Kaplan handed down the sentence in a Manhattan federal courtroom shortly after Ellison delivered a wrenching apology, holding…
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US sues Visa for monopoly on debit-card use affecting ‘price of nearly everything’
[ad_1] The US Department of Justice has sued Visa, accusing one of the world’s largest payment networks of antitrust violations that affect “the price of nearly everything”. The financial giant has suppressed competition by threatening merchants with high fees and paying off potential rivals, according to the complaint, filed in US district court for the…
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Harris leads Trump by 30 points among young voters: poll
[ad_1] Kamala Harris has widened Democrats’ advantage with younger voters, topping Donald Trump by 32 percentage points among likely voters between 18 and 29 years old, according to a poll by the Institute of Politics at the Harvard Kennedy School. The poll showed Harris leading Trump 64% to 32% among young likely voters in a two-way hypothetical…
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Donald Trump’s trade protectionism keeps intensifying
[ad_1] Trump took his trade rhetoric to new heights in a series of events this week, doubling down on up to 200% tariffs on autos from Mexico and even raising the possibility of targeting specific companies if they try to move their manufacturing outside of the US. “The word tariff, properly used, is a beautiful…
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Winter fuel: thousands more could lose benefit if it becomes means tested, data suggests
[ad_1] A further 175,000 pensioners could lose the winter fuel allowance if the benefit becomes means tested, data suggests. About 11.6 million people in the UK received the benefit last winter, an increase of 214,000 on the previous year, according to figures released on Tuesday by the Department for Work and Pensions (DWP). The overwhelming…
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Katy Perry’s most personal lyric on her new album is about her daughter Daisy. It’s too little, too late to save it.
[ad_1] If you’re resilient enough to make it through Katy Perry’s schlep of a new album, “143,” you might catch an interesting detail, at long last, 91 seconds before the tracklist ends. In the 11th and final song, “Wonder,” Perry dedicates a succinct pep talk to Daisy, the name of her child with Orlando Bloom.…