Daily Archives: November 3, 2018

Warren Buffett buys back $928M of Berkshire Hathaway shares

Berkshire Hathaway Inc. Chairman Warren Buffett repurchased nearly $928 million of its stock in the third quarter, an indication that he doesn't see attractive investment opportunities on the near horizon. The Omaha, Nebraska-based company (NYSE: BRK....

By | 2018-11-03T18:48:02+00:00 November 3rd, 2018|Economics|

Amazon in advanced talks to put HQ2 in Virginia, report says

Amazon.com Inc. (NASDAQ: AMZN) has held advanced discussions about establishing its second headquarters in Crystal City, Virginia, according to The Washington Post. The discussions have included how soon the e-commerce giant would be able to move its...

By | 2018-11-03T18:06:01+00:00 November 3rd, 2018|Technology|

Rice University nanomedicine co. to begin generating commercial revenue

Two commercial partners of Houston-based biotech firm Nanospectra Biosciences Inc. plan to launch consumer products in the U.S. in 2019, according to an Oct. 30 release from the company. Having previously been funded only by private equity investments...

By | 2018-11-03T16:19:03+00:00 November 3rd, 2018|Healthcare|

Cadillac puts car subscription program on pause

General Motors Co. is nixing its Cadillac car-subscription service. The Netflix-like model for cars, which allowed subscribers to trade in and out of Cadillac’s 10 models as many as 18 times a year, launched in March 2017. It will shut down operatio...

By | 2018-11-03T15:37:49+00:00 November 3rd, 2018|Budget and Tax|

Campbell Soup’s shareholder meeting to proceed as planned, judge says

Campbell Soup Co.'s Nov. 29 annual shareholder meeting will proceed as planned. That's according to a New Jersey judge who denied activist investor Dan Loeb’s motion for expedited discovery into the soupmaker’s board Friday. Loeb ignited a proxy figh...

By | 2018-11-03T15:03:25+00:00 November 3rd, 2018|Economics|

Check out the scenes, faces from day one of Breeders’ Cup 2018 (PHOTOS)

Siblings Jeff and Mark Stricklen live hundreds of miles apart, but the Breeders' Cup World Championships served as a family reunion in Louisville this year. I ran into the brothers during the first race Friday, and they were eagerly watching the live...

By | 2018-11-03T14:30:58+00:00 November 3rd, 2018|Sports|

Hawaii banks ranked by third quarter net income growth (Photos)

Hawaii’s top five banks all reported increases in net income for the quarter ending Sep. 30. Territorial Savings Bank, Central Pacific Bank and American Savings Bank saw growth across the board, with each reporting increases in net income, loans, depo...

By | 2018-11-03T00:24:37+00:00 November 3rd, 2018|Economics|