NEW YORK, May 3 — Berkshire Hathaway Inc has sold its entire stakes in the four largest US airlines, Chairman Warren Buffett said Saturday at the company’s annual meeting. The conglomerate held sizeable positions in the airlines, including an 11 per cent stake in Delta Air Lines and about 9 per...
Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, US March 25, 2020. — Reuters pic
The conglomerate held sizeable positions in the airlines, including an 11 per cent stake in Delta Air Lines and about 9 per cent stakes in both United Airlines and Southwest Airlines Co at the end of 2019, according to its annual report.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing raising US$25b in bonds, says not seeking US government funds now | Malay MailNEW YORK, May 1 — Boeing said yesterday it does not plan to seek US government support now after receiving strong interest from the bond market for a US$25 billion (RM107.4 billion) public offering. The aviation giant, which has been badly hit by the devastating impact of coronavirus shutdowns on...
Read more »
Oil slips to US$26 as weak demand, supply glut weigh | Malay MailLONDON, May 1 — Oil slipped to around US$26 (RM112) a barrel today as weak demand due to the coronavirus crisis and excess supply pressured the market, even as Opec and its allies began a record output cut. The global oil benchmark, Brent crude, has collapsed 60 per cent in 2020 and reached a...
Read more »
Wall Street falls on US-China tensions, tech results | Malay MailNEW YORK, May 1 — Wall Street stocks opened sharply lower today on weakness in Amazon and Apple shares following earnings reports and tensions over blame for the coronavirus between China and the United States. About 20 minutes into trading, the Dow Jones Industrial Average stood at 23,900.59,...
Read more »
Britain to start trade talks with US next week, says report | Malay MailLONDON, May 2 — UK ministers are to start trade deal talks with the United States next week, with Britain issuing the order to start formal negotiation despite the coronavirus pandemic, the Sun reported yesterday. The first round of the talks will be held between UK International Trade Secretary...
Read more »
US states loosen lockdowns as coronavirus drug approved | Malay MailWASHINGTON, May 2 — More US states eased pandemic lockdown measures yesterday even as coronavirus deaths rose, while American authorities greenlighted an experimental drug for emergency use on patients. Washington also renewed its warnings to Beijing a day after President Donald Trump threatened...
Read more »
Rare unity in US Congress on refusing Trump virus tests | Malay MailWASHINGTON, May 3 — In a rare joint message, Democratic and Republican congressional leaders yesterday rejected the Trump administration’s offer to conduct rapid coronavirus screening on senators who will return to Washington next week, stating that the tests should be reserved for the public....
Read more »