Archive for April, 2016

Venezuela's main brewer suspends operations as crisis bites

April 30th, 2016

Venezuela's main brewer suspends operations as crisis bites

The plant of Venezuela's largest brewer Cerveceria Polar seen in Caracas on April 21, 2016Venezuela’s economic crisis claimed another victim as the country’s largest brewer said Saturday it is suspending operations because it can’t obtain hard currency to buy supplies. The Polar beer company’s closure of its four plants in Venezuela on Friday will lay off 7,000 employees for up to two months. The company has a 70 percent market share in Venezuela and is part of a huge business group that produces many everyday consumer products such as cornmeal.

Source
Economy News Headlines – Yahoo! News

Media swarm Warren Buffett

April 30th, 2016

Media swarm Warren Buffett
At the 2016 Berkshire Hathaway Annual Shareholders Meeting, chief executive Warren Buffett was surrounded by media trying to pick the multi-billionaire’s brain.

Source
Reuters Video: Business

Famed U.S. circus act packs up trunks and retires

April 30th, 2016

Famed U.S. circus act packs up trunks and retires
Elephants are preparing to take their final bow at the Ringling Bros. And Barnum & Bailey Circus, ending a 145-year spectacle that delighted fans and enraged animal activists. Vanessa Johnston reports.

Source
Reuters Video: Business

Buffett defends Berkshire's Coke stake, warns on BNSF

April 30th, 2016

Buffett defends Berkshire's Coke stake, warns on BNSF

Warren Buffett participates in the newspaper tossing challenge during the Berkshire Hathaway Annual Shareholders Meeting at the CenturyLink Center in Omaha NebraskaBy Jonathan Stempel and Trevor Hunnicutt OMAHA, Neb. (Reuters) – Warren Buffett on Saturday defended several of Berkshire Hathaway Inc’s larger or struggling investments, including Coca-Cola and the BNSF railroad. Speaking at Berkshire’s annual shareholder meeting in Omaha, Nebraska, Buffett also said overall first-quarter operating profit probably fell 12 percent to $3.73 billion from $4.24 billion a year earlier. Buffett said the BNSF railroad was hurt by declining oil prices and coal shipments while insurance underwriting was hurt by loss claims related to hailstorms.

Source
Business News Headlines – Yahoo! News

Warren Buffett admires fellow billionaire Jeff Bezos

April 30th, 2016

Warren Buffett admires fellow billionaire Jeff Bezos
Read full story for latest details.


Source
Latest financial news – CNNMoney.com

United's former CEO got $36.8 million after resigning because of federal probe

April 30th, 2016

United's former CEO got $36.8 million after resigning because of federal probe
Read full story for latest details.
Source
Latest financial news – CNNMoney.com

China, Japan more upbeat on ties but challenges remain

April 30th, 2016

China, Japan more upbeat on ties but challenges remain

Japanese Foreign Minister Fumio Kishida shakes hands with China's Premier Li Keqiang during a meeting in BeijingBy Ben Blanchard BEIJING (Reuters) – China and Japan both expressed a willingness to improve strained relations on Saturday after a rare meeting between their two foreign ministers in Beijing, though China said Japan should stop pushing the notion that China is a threat. China, the world’s second-largest economy, and Japan, the third-largest, have a difficult political history, with ties strained by the legacy of Japan’s World War Two aggression and conflicting claims over a group of uninhabited East China Sea islets.

Source
Economy News Headlines – Yahoo! News

Kenya prepares huge ivory burning as it seeks ban on trade

April 30th, 2016

Kenya prepares huge ivory burning as it seeks ban on trade

Kenya Wildlife Service rangers stand guard in the rain near stacks of elephant tusks, part of an estimated 105 tonnes of confiscated ivory from smugglers and poachers, at Nairobi National Park near NairobiBy Ben Makori NAIROBI (Reuters) – Kenyan park rangers piled up thousands of elephant tusks and rhino horns to burn on Saturday, sending a message to poachers and smugglers that their trade will be stopped. Armed police guarded the area, on the edge of Nairobi National Park, where a tonne of rhino horn was added to 105 tonnes of ivory in a dozen large pyres, ahead of President Uhuru Kenyatta coming to start the fire. Kenyatta has said the ceremony will show Kenya’s commitment “to fighting wildlife crime and putting wildlife products beyond any economic use.” The incineration will be the world’s biggest after Kenya staged its first such burning in 1989.

Source
Economy News Headlines – Yahoo! News

Puerto Rico Headed For Default As Congress Tackles Relief Plan

April 30th, 2016

Puerto Rico Headed For Default As Congress Tackles Relief Plan

The U.S. territory is expected to default May 1 on a debt payment of nearly half a billion dollars. Scott Simon examines the impact of a default with Wall Street Journal correspondent Nick Timiraos.

Source
Economy : NPR

New business incentives offered in Gray-New Gloucester – Lewiston Sun Journal

April 30th, 2016

New business incentives offered in Gray-New Gloucester – Lewiston Sun Journal

New business incentives offered in Gray-New Gloucester
Lewiston Sun Journal
NEW GLOUCESTER — The Gray-New Gloucester Development Corp. is seeking to bring new business to the towns through a three-phase competition offering the winner a $10,000 forgivable loan and $7,000 more in in-kind products and services.

Source
“new business” – Google News