Saturday, August 16, 2014
Shares in U.S. investment star Warren Buffett's Berkshire Hathaway group topped US$200,000 apiece for the first time Thursday, less than eight years after breaking the US$100,000 barrier.
Royal Dutch Shell has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for US$2.1 billion in two transactions.
Global mining giant BHP Billiton on Friday said it could spin-off unwanted assets to focus on top tier commodities such as iron ore, copper, coal and petroleum.
Coca-Cola announced Thursday it will pay US$2.15 billion for a 16.7 percent stake in Monster Beverage, cementing a distribution-based link between the two that had added significantly to Coke's profits.
The recently acquired film unit of Chinese e-commerce giant Alibaba said Friday that a review has uncovered possible accounting irregularities.
Yahoo announced Thursday the relaunch of its e-commerce platform, which allows small businesses to easily set up online retailing. The new Yahoo Stores system, said a company blog post, allows users to “turn your idea into a business in less than two minutes.”
Banana giant Chiquita rejected Thursday the takeover bid by Brazil's Cutrale and Safra groups, calling their offer “inadequate” and sticking to its plan to merge with European fruit seller Fyffes.
European stock markets rose solidly on Friday, building on gains from the previous day as tensions appeared to ease over the Russia-Ukraine crisis, while the euro advanced versus the dollar.
The dollar held steady in Asia Friday on easing concerns over the situation in Ukraine as Russian President Vladimir Putin called for an end to the crisis in the violence-wracked country.
Oil prices rebounded in Asia Friday on bargain hunting following sharp falls stoked by a slew of downbeat global economic data and easing concerns about the Ukraine crisis, analysts said.