Breaking News: Business

Warren Buffett Gets Clearance to Buy Up to Half of Occidental Petroleum, Boosting Stocks

Warren Buffett Gets Clearance to Buy Up to Half of Occidental Petroleum, Boosting Stocks

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Warren Buffett at a press conference during the Berkshire Hathaway Shareholders’ Meeting, April 30, 2022. CNBC Warren Buffett’s Berkshire Hathaway received approval Friday to buy up to 50% of oil giant Occidental Petroleum. Shares of Occidental rose 10% on the news to above $70 apiece, pushing their profits to more than 140% in 2022. On …

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GM recovers quarterly dividend and increases share repurchase program to $5 billion

GM recovers quarterly dividend and increases share repurchase program to $5 billion

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Mary Barra, president and CEO of the General Motors Company (GM), speaks at the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022. Patrick T Fallon | AFP | Getty Images DETROIT — General Motors is restoring a quarterly cash dividend to shareholders that was cut during the early days of the …

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Starbucks chief of operations leaves as company eliminates role under 'reinvention'

Starbucks chief of operations leaves as company eliminates role under ‘reinvention’

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Starbucks Chief Operating Officer John Culver is leaving the company after two decades from the coffee chain, as part of a restructuring that will eliminate his role. His departure comes in the midst of a wider reshuffle of executives at Starbucks. Former CEO Kevin Johnson retired earlier this year, returning Howard Schultz to the helm …

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Bed, Bath & Beyond shares plummet after investor Ryan Cohen reveals intent to sell entire stake

Bed, Bath & Beyond shares plummet after investor Ryan Cohen reveals intent to sell entire stake

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Signs mark a Bed Bath & Beyond store in Somerville, Massachusetts. Brian Snyder | Reuters Bed Bath & Beyond shares plunged Wednesday during prolonged trading after activist investor Ryan Cohen said he plans to sell his entire stake in the retailer through his firm RC Ventures. According to a Form 144 filed with the Securities …

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Monkeypox cases have risen 20% in the past week to 35,000 in 92 countries, WHO says

Monkeypox cases have risen 20% in the past week to 35,000 in 92 countries, WHO says

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According to the World Health Organization, Monkeypox continues to spread around the world and cases have increased by 20% in the past week. Infections increased by nearly 7,500 to more than 35,000 total cases in 92 countries, but nearly all reported cases are in Europe and the Americas, according to WHO data. Twelve deaths have …

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