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Corporate News

Even shrewd Buffett's Berkshire does not escape equities slide

Sinking stocks and deteriorating prospects from an investment in Kraft Heinz Co pummeled the bottom line of Warren Buffett's Berkshire Hathaway Inc, which on Saturday reported a huge quarterly net loss even as operating profit soared.

World

Backing down, Trump agrees to end shutdown without border wall money

WASHINGTON (Reuters) - President Donald Trump agreed under mounting pressure on Friday to end a 35-day-old partial U.S. government shutdown without getting the $5.7 billion he had demanded from Congress for a border wall, handing a political victory to Democrats.

World

'Get a loan,' U.S. Commerce chief tells unpaid federal workers

WASHINGTON (Reuters) - U.S. Commerce Secretary Wilbur Ross on Thursday urged furloughed federal workers facing a second missed paycheck to seek loans to pay their bills while adding that he could not understand why they were having trouble getting by.

World

PG&E shares surge 40 percent on report regulator wants to avoid bankruptcy from wildfire

SAN FRANCISCO/LOS ANGELES (Reuters) - PG&E Corp shares soared 40 percent in after-hours trade on Thursday after a report that a regulatory official told investors the agency does not want the utility to go into bankruptcy should it be found responsible for this month's deadly wildfire in northern California.