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NEW YORK; Warren Buffett's Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring stock prices boosted net results and enabled the conglomerate to smash its old record for full-year earnings
WASHINGTON: Wells Fargo & Co will pay US$3 billion to resolve criminal and civil probes into fraudulent sales practices and admitted to pressuring employees in a fake-accounts scandal, U.S. officials said on Friday, wrapping up one of the last major investigations looming over the bank.
BENGALURU: Oil prices fell about 1% on Friday on renewed concerns about crude demand being pinched by the economic impact of the coronavirus outbreak, while OPEC and allied producers appeared to be in no rush to curb output
WITH the economic and investment cycle maturing, companies will find it increasingly difficult to balance the competing interests of shareholders and bondholders.
THE top floor of Bursa Malaysia has been spruced up from how it was when Bursa Malaysia chairman Datuk Shireen Ann Zaharah Muhiudeen took office nearly a year ago.
LOSS-MAKING Avillion Bhd has received an offer for its land in Port Dickson from a China-based investment group.
PETALING JAYA: Singapore-based private equity firm Kendall Court has bought another 35 million shares in the international telecommunications and technology firm, Green Packet Bhd, raising its stake to over 10%. On Friday, stock filings showed that Kendall Court paid around 85 cents apiece of Green Packet stock in an off-market transaction.
IT IS a known fact that there is a lack of interest in Malaysian stocks.
GOLD is continuing its winning streak from last year.
CAREPLUS Group Bhd (code: 0163) rebounded in Friday trading, which could indicate that the stock’s steep correction phase is reaching an end.