Jonathan Stempel

Berkshire housing executive laments dearth of first-time buyers

August 25, 2021 at 4:35 a.m.

OMAHA, Nebraska (Reuters) - The chief executive of a real estate brokerage business owned by Warren Buffett's Berkshire Hathaway Inc said the U.S. housing market is more than halfway through...

Buffett endorses Airbnb to combat hefty Omaha hotel prices

August 25, 2021 at 4:35 a.m.

OMAHA, Nebraska (Reuters) - Warren Buffett on Saturday gave an endorsement for the online home rental service Airbnb Inc, after receiving many complaints from Berkshire Hathaway Inc shareholders about how...

Brooks CEO says his shoes fit Buffett better

August 25, 2021 at 4:35 a.m.

(The story officially corrects 10th paragraph to reflect Brooks saying it is now based in Seattle.) OMAHA, Nebraska (Reuters) - Warren Buffett once called his 1993 purchase of Dexter Shoe...

Berkshire quarterly profit hurt by winter weather, insurance

August 25, 2021 at 4:35 a.m.

OMAHA, Nebraska (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly profit declined 4 percent, falling short of analyst forecasts, as earnings from insurance underwriting declined and bad...

Altria to appeal revived $10.1 billion ‘light’ cigarette verdict

August 25, 2021 at 4:28 a.m.

(Reuters) - An Illinois state appeals court has reinstated a $10.1 billion verdict against Philip Morris USA in a lawsuit accusing the Altria Group Inc unit of misleading consumers about...

Barclays must face U.S. lawsuit over Libor, court rules

August 25, 2021 at 4:21 a.m.

NEW YORK (Reuters) - A federal appeals court, reversing a lower court decision, said Barclays Plc shareholders may pursue a lawsuit accusing the British bank of causing them to lose...

U.S. must disclose version of drone memo: appeals court

November 4, 2021 at 1:40 a.m.

(Reuters) - A federal appeals court on Monday ordered the U.S. Department of Justice to turn over a redacted version of a memorandum providing a legal justification for the government...

U.S. must disclose version of drone memo: appeals court

May 23, 2019 at 9:34 p.m.

(Reuters) - A federal appeals court on Monday ordered the U.S. Department of Justice to turn over a redacted version of a memorandum providing a legal justification for the government...

Ex-Goldman director Gupta starts prison term on June 17

August 25, 2021 at 4:05 a.m.

NEW YORK (Reuters) - Former Goldman Sachs Group Inc director Rajat Gupta is expected to begin his two-year prison term on June 17 for insider trading. U.S. District Judge Jed...

U.S. court: Companies can’t litigate secretly to protect image

August 25, 2021 at 4:03 a.m.

(Reuters) - In a victory for consumers, a federal appeals court on Wednesday directed that litigation about a product linked to the death of an infant be made public, saying...

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