Warren Buffet's Berkshire Hathaway more than doubled its profit in the third quarter mainly due to a $4.4 billion gain from the merger between H.J. Heinz Co and Kraft Group Inc.
United States
Major oil firms have biggest war chests for takeovers
The continuous oil price fall is one side of the coin. The other side is showing rosy picture as six major oil companies have more than enough funds to snap up competitors. It's estimated that world's top six listed oil companies have over $0.5 trillion in stocks and cash enough to fund takeovers plans. ExxonMobil lead the pack, while Chevron, BP Plc, Shell, ConocoPhillips and Total are in the top-six positions.
Apple’s ‘Liquid Expulsion’ will make your iPhone more water resistant
Apple Inc. announced it was recently granted a patent to further protect its devices from water damage. The patent titled "Liquid Expulsion fron an Orifice" was initially filed in 2014.
Bargain buying creates robust US demand for gold
The stock market crash this summer drove US investors towards safe haven investment. The US investors started buying gold bars and coins in the wake of August meltdown.
Leonardo DiCaprio and 10 billionaires venture in a lab-producing diamonds
'Blood Diamond' Actor Leonardo DiCaprio and 10 billionaires invested in the Santa Clara-based startup Diamond Foundry. It is a company that ambitions to produce diamonds in a lab that are equal in quality with natural gems without the exploitation that mining industries impose.
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Approaching Thanksgiving, Amazon offers a great price for its Fire gadget series. It cuts Kindle Fire price to $35 and Fire TV to $25. According to Time Magazine, starting Thanksgiving, Amazon will drop $15 of prices for Fire tablet, its number one best-selling product to $34.99.
Google launched an upgrade of Google Play Books store to make it easier for Android users to read comics easier on phones and tablets. According to Tech Crunch, Google also announced a personalized comic recommendations features that makes it easier for users to find other series similar to their preferences and a set of curated comic series pages in the Play Store.
YouTube launched on November 12 its new YouTube Music app, which is designed to make searching for music in the video streaming site easier. According to The Verge YouTube may be a video streaming service and it even acts as a search engine, but it is also one of the largest music streaming service providers in the world.
The gender pay disparity is a bit like environmental change. We may not ever stop contending about whether, and why, it exists. The most recent commitment to the civil argument originates from three researchers and science who argue in a newspaper that women earn less when compared to a man because they are less competitive and aggressive.
Sen. Elizabeth Warren, D-Mass.presented a bill that would pay social security beneficiaries a one-time stipend intended to balance the absence of a cost living adjustment in 2016. Investment News reported that Warren's arrangement calls for the elimination of a tax reduction that allows companies to discount CEO rewards, authorizing the cash to pay those on Social Security.
The Department of Housing and Urban Development announced Thursday a proposal that would prohibit smoking in public homes nationwide. According to The New York Times, the proposed federal rule would affect 1.2 million public households and would mark the latest move to minimize unwanted exposure to secondhand smoke.
Microsoft teams up with Brooklyn-based start-up ConsensYs and launched Tuesday a cloud-based blockchain platform that lets financial firms experiment on bitcoin in a cheap and easy manner.
Dr. Ben Carson gave a bold tax proposal during the recent Republican debates, calling to eliminate all itemized tax code deductions, including mortgage and charitable deductions.
One of the US fastest growing fast food chains, Shake Shack announces that the company will increase its menu prices again by 2016. The announcement was made by the company's CEO, Rany Garutti to investors citing that it is preparing for a minimum wage hike by next year.
