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Buffett to issue letter to children and shareholders, hand off annual letter to Abel, WSJ says
(Reuters) -Warren Buffett will release a letter to his three children and Berkshire Hathaway shareholders on November 10, while Greg Abel will write Berkshire’s annual shareholder letter in February after becoming chief executive, the Wall Street Journal said on Thursday, citing Buffett’s assistant. Buffett, 95, is stepping down as chief executive at the end of […]
Samsung Electronics in talks with Nvidia to supply next-generation HBM4 chips
Samsung is in talks with Nvidia to supply next-gen HBM4 chips, aiming to close the gap with SK Hynix in the booming AI chip market.
US Patent and Trademark Office to lay off 126 at Alexandria HQ
The United States Patent and Trademark Office will lay off 126 employees at its Alexandria headquarters, on Dec. 9.
Boeing union sets October 26 vote on contract offer for 3,200 striking workers
Over 3,200 striking Boeing defense workers will vote Oct. 26 on a modified contract after 80 days on strike in St. Louis.
Boeing awarded $2.7 billion in contracts for Patriot missile seekers
Boeing won $2.7B in multi-year deals to supply key guidance components for Patriot interceptor missiles amid rising global demand.
Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause
Goldman Sachs loses senior bankers after leadership reshuffles, dealmaking pause By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs has lost more than a dozen senior investment bankers this year, a higher number than normal, after internal shake-ups and a sluggish start to 2025 drove them to seek new opportunities, according to three sources familiar with […]
First Brands CEO James resigns amid bankruptcy process
(Reuters) -First Brands said on Monday founder Patrick James had stepped down as CEO and will be succeeded by Chief Restructuring Officer Charles Moore on an interim basis, as the auto parts maker advances its Chapter 11 bankruptcy process. The Ohio-based company, which makes filters, brakes and lighting systems, filed for bankruptcy protection in late […]
Mars nears EU approval for $36B Kellanova deal
McLean-based candy and snacks giant Mars' $36 billion bid to acquire Pringles and Pop-Tarts maker Kellanova is set to clear a major hurdle by winning unconditional European Union antitrust approval, three people with direct knowledge of the matter said.
SoftBank to buy ABB robotics unit in $5.4B AI push
SoftBank will acquire ABB’s $2.3B robotics unit for $5.4B, advancing its AI strategy while ABB refocuses on electrification.
With the US government dark, alternate sources show a sluggish September for jobs
With official data delayed by the shutdown, alternate reports show a stagnant U.S. job market and support for another Fed rate cut.
