Finance

OMAHA, Neb. — The stage is set for Berkshire Hathaway‘s annual shareholders meeting on Saturday and investors are ready to grill the conglomerate’s two front men, Warren Buffett and Charlie Munger, on five key issues. First, Berkshire Hathaway continues to underperform relative to the broader market and investors want to know what the Oracle of
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Sinclair Broadcast Group’s subsidiary Tennis Channel rings the NASDAQ bell, led by President Ken Soloman. Gary Gershoff | Getty Images Sinclair Broadcast announced Friday that it will buy 21 regional sports networks from Disney at a $10.6 billion valuation. Adjusting for minority equity interests, Sinclair said it bought the assets for $9.6 billion. The broadcasting
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Square stock dropped more than 5% in extended trading Wednesday after the company reported weaker-than-expected gross payment volume and guidance for the upcoming quarter. The payments processor beat analysts’ estimates on earnings and revenue. Here’s how the company performed in the first quarter compared with what Wall Street was expecting: Adjusted earnings: 11 cents per
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President Donald Trump gestures as he addresses the 148th National Rifle Association (NRA) annual meeting in Indianapolis, Indiana, April 26, 2019. Lucas Jackson | Reuters U.S. President Donald Trump, three of his children and the Trump Organization sued Deutsche Bank and Capital One, in a bid to block the two from responding to congressional subpoenas,
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Singapore’s DBS is Southeast Asia’s largest bank. Edgar Su | Reuters DBS Group Holdings, Southeast Asia’s largest bank, beat expectations to post record quarterly profits on better lending margins. The bank said on Monday that net profit for the first quarter increased by 9% year-on-year to a record 1.65 billion Singapore dollars ($1.21 billion). Refinitiv,
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Check out the companies making headlines midday Wednesday: Domino’s Pizza — Shares of Domino’s Pizza surged 8.9% on stronger-than-forecast quarterly earnings. The company reported earnings of $2.20, 11 cents higher than a Refinitiv estimate. Anadarko Petroleum — The energy company’s stock jumped 12% after Occidental Petroleum announced a bid of $76 a share for Anadarko,
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Widely regarded banking analyst Mike Mayo of Wells Fargo is calling out top executives at State Street. In a research note issued after State Street’s earnings were released Tuesday morning, Mayo writes “STT needs to improve pay-for-performance and management accountability, especially after the release of 2019 proxy and disappointing first quarter 2019 and decade to
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