Buffett’s biggest ever deal – halves Berkshire cash with $37bn acquisition
Precision Castparts soared 16% in early New York trading after Warren Buffett’s Berkshire Hathaway in talks to buy maker of equipment for aerospace & energy
Global Investing
All the latest product and investment news about the world’s biggest companies, including Apple, Google, Facebook, Amazon, Vodafone, Barclays, Deutshe Bank, Goldman Sachs, Tesla, and Netflix.
Mr Market unimpressed with Apple – Biznews Global portfolio buys more
Despite Apple delivering a record profit, accelerating its share buy-back programme and reporting a cash pile surpassing $200bn for the first time, Mr Market was unimpressed. The Biznews Global portfolio invested in more shares.
UBS star trader Tom Hayes convicted on Libor rigging, jailed for 14 years
Hayes, a 35 year old derivatives trader, is the first on a long list of bankers who stand accused of conspiracy, manipulation of the key Libor interest rate
Google, Facebook tipped to buy Twitter as share price drops 5% to fresh low
Another 5% hit to the share price of Twitter Inc last night has triggered new talk about a potential takeover of the microblogging site. Twitter’s market cap is still a hefty $20bn after the latest drop, but that’s a long way from the peak of $50bn it reached in December 2013, a month after its … Read more
Robert Kiyosaki: Brilliant RW Johnson “two-years” book, right on the button
Robert Kiyosaki, the author of 50m best-seller Rich Dad, Poor Dad waxes lyrical about two books that are shaking economic thinking in Southern Africa. He describes RW Johnson’s treatise as a must read – suggesting at the current rate of its Government’s debt accumulation, SA has just two years of “freedom” left.
Robert Kiyosaki: Genius “Bucky” Fuller my inspiration for 50m bestseller
Robert Kiyosaki, author of the best-selling money book, Rich Dad Poor Dad, talks about his 19th and latest book, Second Chance, tells us why he admired philosopher “Bucky” Fuller so deeply – and banks so little.
SA success in Silicon Valley: R60bn market leader SolarCity posts 77% surge
Latest quarter takes annual run rate of SolarCity’s installations to roughly the same as power to be produced by the first set of turbines at SA’s Medupi.
Holy Moly – Amazon.com shares jump 19% after profit beats forecasts
Amazon.com Inc. reported a 2nd quarter profit that beat analysts’ estimates, showing investors it can make money when putting brakes on investments.
The reason Japan’s Nikkei paid R16.4bn for FT: its digital strategy
Nikkei says it will use the FT to become more global and boost its digital growth.
Inside story: Battle for the Financial Times went down to the wire
Pearson’s 58-year ownership of the FT Group ended in high drama on Thursday as the Japanese media group Nikkei trumped its rival with an eleventh-hour bid.