Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J, P&G
Berkshire’s stock portfolio is concentrated in five companies: Apple, Bank of America, American Express, Coca-Cola and Chevron.
New Toyota Camry to Be Sold Only as Hybrid
In redesigning the popular midsize car, Toyota is ditching a gas-only version as it works to expand hybrid options across its lineup.
Amazon’s stock reaches a milestone not seen in 19 months
The e-commerce company closes with a valuation above $1.5 trillion for the first time since April 2022
Several GM Factories Reject UAW Deal, Putting Pact on Shaky Ground
GM’s vote is close, with a third of the ballots cast, while workers at Ford and Stellantis have been more supportive.
Siemens Energy Hit by Wind Business
Siemens Energy reported a net loss in the fourth quarter due to mounting challenges at its wind-turbine business, but said it expected a break-even at Siemens Gamesa in fiscal 2026.
Infineon Fourth Quarter Tops Forecasts
Infineon met its fiscal 2023 targets and proposed a higher dividend after beating expectations for net profit and revenue in the fourth quarter.
Alstom to Cut Workforce in Debt Reduction Plan
Alstom said it planned to cut around 1,500 positions as part of a cost-savings plan to reduce debt and boost profitability.
Home Depot Looks to Pros for Shelter
High interest rates are affecting demand for the most expensive renovation projects, but the retailer is courting the people most likely to get that work.
Nelson Peltz’s Trian Reports Allstate and Sysco Stakes
Trian’s stake in Sysco is 1.22 million shares.
ICBC Hackers Used Methods Previously Flagged by U.S. Authorities
The attack stemmed from Lockbit 3.0 ransomware and two tactics targeting the users of services managed by Citrix, Treasury officials say.
Source: Dow Jones Newswires