Berkshire Hathaway posts $43.8 billion loss as stock holdings tumble

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor during Berkshire Hathaway Inc’s annual shareholders meeting in Omaha, Nebraska, U.S., on 4 May 2019. REUTERS/Scott Morgan//File Photo Join now for FREE unlimited access to Reuters.com Register Aug 6 (Reuters) – Falling U.S. stock prices punished … Read more

Amazon’s connected device cart expands with $1.7 billion deal for Roomba maker

August 5 (Reuters) – Amazon.com Inc. (AMZN.O) will acquire iRobot Corp (IRBT.O)maker of the Roomba robotic vacuum cleaner in a cash deal worth around $1.7 billion in the world’s biggest online retailer’s latest attempt to expand its stable of devices smart home. Amazon will pay $61 per share, valuing iRobot at a 22% premium to … Read more

Jury finds Alex Jones must pay $4.1 million over Sandy Hook hoax allegations

Aug 4 (Reuters) – US conspiracy theorist Alex Jones is set to pay the parents of a child killed in the 2012 Sandy Hook massacre at least $4.1 million for falsely claiming the shooting was a hoax, a Texas jury said Thursday. The verdict follows a two-week trial in Austin, Texas, where Jones’ Infowars radio … Read more

EXCLUSIVE Tencent seeks to increase stake in ‘Assassin’s Creed’ maker Ubisoft – sources

HONG KONG, Aug 4 (Reuters) – Tencent Holdings Ltd (0700.HK) plans to increase its stake in the French video game group Ubisoft Entertainment SA (UBIP.PA) as the Chinese gaming giant pivots to the global gaming market, four sources with direct knowledge of the matter told Reuters. China’s largest social media and gaming company, which acquired … Read more

US plans to crack down on memory chip makers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of U.S. chipmaking equipment to memory chipmakers in China, including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter. as part of a bid to stop China’s semiconductor industry from advancing and protecting American companies. If President Joe … Read more

China’s Alibaba struggles to maintain New York listing despite audit dispute

The Alibaba Group logo is seen on the floor of the New York Stock Exchange in Manhattan, New York, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo Join now for FREE unlimited access to Reuters.com Register August 1 (Reuters) – Alibaba Group Holding Ltd (9988.HK) said on Monday it would work to maintain its listing on … Read more

Parent of conspiracy website InfoWars files for bankruptcy

July 29 (Reuters) – The parent of far-right conspiracy website InfoWars filed for bankruptcy protection in the United States on Friday as the company and its founder Alex Jones face up to $150 million in damages -interest in a lawsuit for longstanding lies he perpetuated about Sandy Hook Elementary. school massacre. A bankruptcy filing by … Read more