businesses
Berkshire profit up 25 percent as insurance helps, BNSF weighs
August 6, 2016 by creative · Leave a Comment
By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest acquisition. But operating results fell short of analyst forecasts, as depressed oil prices and coal demand weighed on volume at the conglomerate's BNSF railroad unit, while units
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Berkshire profit up 25 percent as insurance helps, BNSF weighs
businesses
Apple shares to close year with worst performance since 2008
January 1, 2016 by publisher · Leave a Comment
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Shares of Apple Inc, the largest U.S. company by market value, are set to finish the year in the red on notable weakness for a stock that had largely been impervious to pain for several years. *
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Apple shares to close year with worst performance since 2008
businesses
Honda confirms ninth death linked to Takata airbag
January 1, 2016 by creative · Leave a Comment
By David Shepardson WASHINGTON (Reuters) – Honda Motor Co confirmed on Thursday that a Takata airbag inflator ruptured in a July crash of a Honda Accord and likely led to the death of the young driver, the ninth death in the world linked to the faulty inflators. After an inspection of vehicle components in cooperation with regulators, Honda said it “confirmed that the Takata driver’s front airbag inflator ruptured” and “injuries related to this airbag inflator rupture likely resulted in the tragic death of the underage…
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Honda confirms ninth death linked to Takata airbag
businesses
American Airlines merges operations of unit U.S. Airways
January 1, 2016 by elegant · Leave a Comment
(Reuters) – American Airlines Group Inc said its unit U.S. Airways Group merged with the company, as part of efforts to integrate operations of the businesses following a merger in 2013. American Airlines Group, the owner of American Airlines, said U.S. Airways Group and its airline U.S. Airways ceased to exist as a separate entity effective Dec. 30, 2015. “With US Airways merged into American Airlines and U.S. Airways Group merged into American Airlines Group, all of their obligations (including debts and liabilities) become…
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American Airlines merges operations of unit U.S. Airways