Warren Buffett’s preferred equity allocation is 100%, and he has adopted that strategy both personally and at Berkshire Hathaway in a way that is radically different from other companies in the insura...
Tag: Acquisitions
Covid-19 Vaccine Makers Face a New Rival as GlaxoSmithKline and Sanofi Prepare to Enter the Ring
As new Covid-19 cases fall, the postpandemic vaccine market grows more interesting. On Wednesday, GlaxoSmithKline and Sanofi, two of the world’s largest vaccine makers, said they would submit a Covid ...
Bill Gates Bought Up More of This Waste-Management Stock
Waste-management company Republic Services has been down in the dumps this year, but its largest shareholder, Bill Gates, just bought more shares. Republic Services stock (ticker: RSG) has slid 14% ye...
Meritor shares headed toward 24-year high after Cummins buys axle, braking and powertrain maker for $3.7 billion
Shares of Meritor Inc., a maker of axle, braking and electric powertrain components, were headed toward a 24-year high Tuesday, after the company announced a deal to be acquired by diesel truck engine...
Ponzi scheme behind patriotic vodka, once featured on ‘Fox & Friends,’ scammed investors out of $900,000 to pay IRS and Amex bills, prosecutors say
A Connecticut businessman has pleaded guilty to operating an unpatriotic Ponzi scheme that pocketed $900,000 from investors looking to buy a pro-veteran vodka company. Brian Hughes, 57, of Madison, Co...
GM Stock Has Tumbled. Director Patricia Russo Bought Up Shares.
Text size GM director Patricia F. Russo (Photo by Monica Schipper/Getty Images for Women’s Forum of New York) Monica Schipper / Getty Images General Motors stock has tumbled in 2022, and directo...
Charlie Munger explains why Berkshire didn’t make any big acquisitions during the pandemic
Global mergers and acquisitions activity hit record highs during the pandemic as companies took significant steps to shape the trajectory of their futures in a post-COVID world. However, Berkshire Hat...
Where one of UnitedHealth’s first tech start-up acquisitions is today
Bloomberg | Bloomberg | Getty Images In 2010, Grant Verstandig founded Audax Health with a vision of putting more power in the hands of the health-care consumer and creating a digital interface to enc...
Intel Pays Up for Foundry Expertise
For anyone doubting Intel Corp.’s ambitions to make chips for others, the company’s acquisition of Tower Semiconductor should lay their doubts to rest. The deal reported by The Wall Street Journal lat...
Generac Stock Rises Because It Expects ‘Exceptional Revenue Growth’ in 2022
Text size Dreamstime Shares of Generac Holdings were surging Wednesday after the generator maker’s 2022 outlook energized investors. “The company is initiating guidance for 2022 that anticipates anoth...
What a Monster, Constellation Merger Might Mean and Why Coca-Cola Could Be Key
Text size Monster Beverage display, Indianapolis, IN, November, 2020. Jonathan Weiss/Dreamstime.com Monster Beverage stock climbed early Tuesday as investors weighed up a possible merger between the e...
A review of digital asset regulatory compliance through acquisitions
February 15, 2022, 1:41PM EST • 11 min read Quick Take A look at which states require virtual currency licenses to transmit cryptocurrencies Coinbase taking defensive measures in surrendering BitLicen...
Warren Buffett’s firm took big stake in Activision Blizzard ahead of Microsoft deal
OMAHA, Neb. — Warren Buffett’s company placed a rare bet on a technology company late last year and it has already paid off in a big way. Berkshire Hathaway BRK.B, -1.52% revealed in documents filed w...
Intel Agrees to Buy Tower Semiconductor in $5.4 Billion Deal
Text size Justin Sullivan/Getty Images Intel Corp . agreed to buy Israeli company Tower Semiconductor for $5.4 billion as it looks to expand its manufacturing capacity and technology portfolio amid ri...
Intel reaches $5.4 billion deal to buy Tower Semiconductor
Intel Corp. on Tuesday struck a $5.4 billion deal to buy Tower Semiconductor, as it seeks to bolster its manufacturing capabilities. Intel INTC, -0.10% said it’s paying $53 per share in cash for Tower...
Elon Musk gave 5 million Tesla shares to charity after teasing possible donation to fight world hunger
Tesla Inc. Chief Executive Elon Musk donated more than 5 million Tesla shares in November, days after the U.N. World Food Program outlined a plan to potentially use a $6 billion donation from the worl...
Value of Crypto Mergers and Acquisitions Surged Nearly 5,000% Last Year Signaling Maturing Market: PwC Report
One of the biggest accounting firms in the world is revealing that the value of crypto mergers and acquisitions exploded almost 5,000% in 2021. According to a new report by global accounting giant Pri...
As BP Exits Russia, Other Oil Companies Face Risks Too
Text size Shell has a big stake in a Russian liquefied natural gas project. Jeff J Mitchell/Getty Images Oil companies haven’t been this financially strong in decades. They also haven’t been as politi...