Business News

• Buffett appears to fault Trump, laments deals dearth in Berkshire letter February 23, 2019
  Warren Buffett on Saturday appeared to fault U.S. President Donald Trump for taking too much credit for the nation's economic growth, while acknowledging that market conditions are making it tough for his Berkshire Hathaway Inc to find more big companies to buy.
• Southwest CEO says mechanics deserve new contract, but company wants 'flexibility' February 23, 2019
  Southwest Airlines Co's mechanics, who have been in labor contract talks for more than six years, deserve a new deal that makes them among the best paid in the airline industry, but the low-cost U.S. carrier needs "more supplier flexibility" in return, the company's chief executive said.
• In a shift, Buffett says focus on Berkshire's stock price February 23, 2019
  Warren Buffett has long told investors in his Berkshire Hathaway Inc they should not pay so much attention to what its stock price is doing.
• As trade deadline looms, U.S. and China sprint to seal a deal February 23, 2019
  U.S. and Chinese negotiators met for a fifth straight day on Saturday as the two sides race against a March 1 deadline to reach agreement and prevent a further escalation in their trade war.
• Warren Buffett says prospects poor for 'elephant-sized acquisition' February 23, 2019
  Warren Buffett is hunting for "an elephant-sized acquisition," but he is not optimistic about getting it done.
• Falling stocks, Kraft Heinz trigger huge Berkshire loss February 23, 2019
  Sinking stocks and deteriorating prospects from an investment in Kraft Heinz Co pummeled the bottom line of Warren Buffett's Berkshire Hathaway Inc, which on Saturday reported a huge quarterly net loss even as operating profit soared.
• Trump says he's inclined to extend China trade deadline and meet Xi soon February 23, 2019
  President Donald Trump said on Friday there was "a very good chance" the United States would strike a deal with China to end their trade war and that he was inclined to extend his March 1 tariff deadline and meet soon with Chinese President Xi Jinping.
• Microsoft workers demand it drop $480 million U.S. Army contract February 23, 2019
  Some Microsoft Corp employees on Friday demanded that the company cancel a $480 million hardware contract to supply the U.S. Army, with 94 workers signing a petition calling on the company to stop developing "any and all weapons technologies."
• NY governor orders probe into Facebook access to data from other apps February 23, 2019
  New York Governor Andrew Cuomo on Friday ordered two state agencies to investigate a media report that Facebook Inc may be accessing far more personal information than previously known from smartphone users, including health and other sensitive data.
• Egypt's top administrative court lifts ban on Uber, Careem services February 23, 2019
  Egypt's top administrative court on Saturday lifted a ban on operations by ride-hailing companies Uber and Careem, which have faced fierce opposition from traditional taxi drivers, a judicial source and lawyer said.