Monday 5 November 2018

Buffett's Berkshire doubles profit, repurchases $900 million stock in third quarter

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Buffett's Berkshire doubles profit, repurchases $900 million stock in third quarter

Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit doubled as its insurance business dodged hurricanes and benefited from lower taxes.

Merrill Lynch to pay brokers bonuses based on credits for recruiting clients

Bank of America's Merrill Lynch Wealth Management said on Thursday that starting next year, it will give advisers more credit toward earning bonuses for recruiting clients worth $25 million than it will for recruiting clients who have less money.

BlackRock's Fink says U.S., China on path to full-fledged trade war

BlackRock Inc Chief Executive Larry Fink said on Thursday the United States is on a path to a full-fledged trade war against China as the world's two largest economies engage in tit-for-tat tariffs.

Jana Partners lost 6.3 percent in October when stocks tumbled

Activist hedge fund Jana Partners told clients in a performance update that it lost 6.3 percent last month when stocks tumbled but that it remains in the black for the year to date.

Shyness did not keep dressbarn co-founder from big retail leaps

When Roslyn Jaffe and her husband decided to start the first dressbarn store in the early 1960s, it was a retail experiment.

Social Security and the U.S. deficit: Separating fact from fiction

For decades, some of our most prominent U.S. politicians have been sounding the alarm that Social Security is an important driver of the federal budget deficit. But is that really true?

TIG buys stake in Canadian credit manager

TIG Advisors on Wednesday said it has bought a piece of Canadian mortgage investor Romspen Investment Corporation, marking the first time it has taken a stake in another hedge fund.

Spruce Point sees dim future for Dollarama, share price drops

Spruce Point Capital Management, which focuses on in-depth research of companies' vulnerabilities, sees room for Dollarama Inc's stock price to tumble roughly 40 percent after the Canadian retailer raised prices and fewer customers are shopping at its stores.

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