Page 7 - Jonathan Stempel News Today

Two years ago, Warren Buffett branded Berkshire Hathaways energy business one of his conglomerates four giants. Now he fears its business model may be broken. Berkshire Hathaway... -May 03, 2024 at 06:14 am EDT - MarketScreener

By Jonathan Stempel OMAHA, Nebraska (Reuters) - Two years ago, Warren Buffett branded Berkshire Hathaway's energy business one of his conglomerate's four "giants." Now he fears its business model may be broken. Berkshire Hathaway Energy's PacifiCor...

A longtime Berkshire Hathaway director said Greg Abel, who is expected to succeed Warren Buffett as chief executive, may not get the same leeway from the conglomerates board of directors to...

JPMORGAN-RUSSIA/ (UPDATE 2):UPDATE 2-JPMorgan says its Russia assets may be seized after lawsuits in Russia, US

The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws. U.S. prosecutors have told District Judge Richard Jones in Seattle that they want Changpeng Zhao, who goes by "CZ," to serve twice the maximum 18 months recommended under federal guidelines. Prosecutors said a tough sentence for the man once considered the most powerful person...

WASHINGTON (Reuters) - The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws. U.S. prosecutors ha...

A federal appeals court on Tuesday overturned a judgment requiring IBM to pay rival BMC Software $1.6 billion, after a judge found IBM improperly replaced BMCs mainframe software at AT&T with its...

(Reuters) -A federal appeals court on Tuesday overturned a judgment requiring IBM to pay rival BMC Software $1.6 billion, after a judge found IBM improperly replaced BMC's mainframe software at AT&T with its own. The 5th U.S. Circuit Court of Appeals in New Orleans said a lower court judge's determination concerning liability was in error. Writing for a three-judge panel, U.S. Circuit Judge Edith Jones said AT&T, one of BMC's biggest clients, had switched to IBM software &...

By Jonathan Stempel NEW YORK (Reuters) - The sculptor who created the "Fearless Girl" statue that promoted gender diversity on Wall Street has settled a lawsuit by a State Street unit seeking to stop her from selling replicas. Kristen Visbal and St...

By Jonathan Stempel NEW YORK (Reuters) - The sculptor who created the "Fearless Girl" statue that promoted gender diversity on Wall Street has settled a lawsuit by a State Street unit seeking to stop her from selling replicas. Kristen Visbal and St...