KKR exploring investment in Thames Water share plan, Sky News reports
(Reuters) -U.S. investment group KKR is in talks with troubled British utility Thames Water and its advisers about participating in a 3 billion pounds ($3.88 billion) share sale which forms part of a wider recapitalisation plan, Sky News reported on…
Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls
By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway (NYSE:BRKa) extended their retreat from stocks in the third quarter, further slashing holdings in Apple and boosting cash to a record $325.2 billion. In its quarterly report on Saturday, Berkshire said…
China’s BYD boosts production and hiring amid Q3 growth
BEIJING (Reuters) – China’s electric vehicle giant BYD (SZ:002594) ramped up production by nearly 200,000 units from August to October, while hiring close to 200,000 new employees in car manufacturing and components, Executive Vice President He Zhiqi said on Weibo…
Trump says he would charge Stellantis 100% tariff if it moves jobs to Mexico
WARREN, Michigan (Reuters) – Republican presidential candidate Donald Trump said on Friday that if he is elected he would put a 100% tariff on Stellantis (NYSE:STLA) if the automaker tried moving jobs from the U.S. to Mexico. He was speaking…
Earnings call: TDS US Cellular reveals Q3 2024 financial growth
TDS US Cellular (NYSE: USM) reported its third-quarter 2024 earnings on October 24, 2024, with key financial results and strategic initiatives indicating a period of growth and strategic transactions. The company discussed its ongoing recovery efforts, improved financial metrics such…
Earnings call: Mercer International posts mixed Q3 results amid market shifts
Mercer International Inc. (NASDAQ: NASDAQ:MERC) reported a mix of positive and negative financial outcomes in its third-quarter earnings call for 2024. President and CEO Juan Carlos Bueno and CFO Richard Short presented an operating EBITDA of $50 million, a notable…