icahn-enterprises

Buffett’s Berkshire Hathaway avoids S&P rating downgrade

Standard & Poor's on Friday left its “AA” credit ratings for Warren Buffett's Berkshire Hathaway Inc alone, saying the company's growing diversification and “modest” financial risks meant a downgrade was not necessary. Berkshire had been put on review for a possible downgrade on Aug. 11, on concern about Buffett's decision to deploy a large amount of cash toward last month's $32 billion acquisition of industrial parts maker Precision Castparts Corp. But S&P analyst Laline Carvalho said Berkshire's “consistently strong” operating profitability and “exceptional”…

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Buffett’s Berkshire Hathaway avoids S&P rating downgrade

icahn-enterprises

Witnesses in Shkreli case worried about retaliation: U.S. prosecutors

U.S. prosecutors said several witnesses in the criminal securities fraud case against notorious former pharmaceutical executive Martin Shkreli are concerned about retaliation and have received threats from him in the past. Prosecutors cited the concern about witness intimidation in a brief filed late on Thursday…

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Witnesses in Shkreli case worried about retaliation: U.S. prosecutors

icahn-enterprises

Firming U.S. inflation keeps Fed rate hike on the table

By Lucia Mutikani WASHINGTON (Reuters) – Rising rents and healthcare costs lifted underlying U.S. consumer price inflation in January by the most in nearly 4-1/2 years, providing support for the view that the…

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Firming U.S. inflation keeps Fed rate hike on the table

icahn-enterprises

U.S. ramps up Apple offensive with new filing in iPhone unlocking case

By Dustin Volz and Julia Edwards WASHINGTON/LOS ANGELES (Reuters) – The U.S. Department of Justice filed a motion seeking to compel Apple Inc to comply with a judge's order for the company to unlock the iPhone belonging to one of the San Bernardino shooters, portraying the tech giant's refusal as a “marketing strategy.” The filing escalated a showdown between the Obama administration and Silicon Valley over security and privacy that ignited earlier this week. …

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U.S. ramps up Apple offensive with new filing in iPhone unlocking case

icahn-enterprises

S&P warns it may cut Icahn Enterprises to junk status, stock falls

By Svea Herbst-Bayliss BOSTON (Reuters) – U.S. ratings agency Standard & Poor's warned on Friday it may cut the credit rating of billionaire investor Carl Icahn's Icahn Enterprises to junk status after the portfolio absorbed heavy commodity sector losses in the last few months. S&P placed its triple-B-minus issuer credit rating and senior unsecured debt rating of Icahn Enterprises on “CreditWatch with negative implications,” the agency said in a statement. The news weighed on Icahn Enterprises' stock price…

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S&P warns it may cut Icahn Enterprises to junk status, stock falls