Buffett dumps GE, keeps the big banks. Take note.
US stock exchange filings for the June quarter show Warren Buffett’s Berkshire Hathaway cashed out its holding in US industrial giant General Electric.
US stock exchange filings for the June quarter show Warren Buffett’s Berkshire Hathaway cashed out its holding in US industrial giant General Electric.
Wal-Mart Stores Inc. owns more than $76 billion of assets through a web of units in offshore tax havens around the world, though you wouldn’t know it from reading the giant retailer’s annual report.
Tesla Motors Inc. is signing up big customers like Wal-Mart and Cargill, accelerating efforts to become a leader in energy storage and next week, the company will make a deeper push beyond the car business when it unveils batteries for homes and utilities.
Massmart, which is facing tough competition from Shoprite and Pick n Pay, has recently announced its new financial head and is set to continue its African expansion.
For every winner, there’s a loser. When Wal-Mart starts handing out raises it may be time to worry about equity market valuations.
By Richard Lough ADDIS ABABA (Reuters) – Ethiopia has pushed the door ajar for foreign retailers keen to enter the fast-growing market of 90 million people, welcoming them as managers but keeping the state in control. It is a tantalising, if limited, offer for firms such as Walmart of the United States and Kenya’s Nakumatt … Read more