Hints and tips:
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...Its 25 per cent stake in Occidental Petroleum means part of the oil company’s profits are reported on Berkshire’s income statement....
...For the first time the figure includes the results of truck stop business Pilot Flying J, which Berkshire took majority control of in January....
...The company disclosed on Saturday that it had bought a 41.4 per cent stake in truck stop chain Pilot Flying J for $8.2bn in January, giving it a majority stake in the business....
...“The culture was high-flying and running-and-gunning and they got into some trouble.”...
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...But one of the jewelled eggs was bought in 2004 by the now sanctioned oil and gas mogul Viktor Vekselberg, who later passed its ownership to a company registered in Panama, Lamesa Arts Inc; it is usually...
...His connection with Occidental goes back at least to 2019, when Buffett agreed to supply $10bn to help the oil and gas company clinch a hostile takeover of Anadarko Petroleum....
...Fast forward to more recent times and the manor was bought in the late 1950s by the American oil baron John Paul Getty, who sold it to the art collector Stanley J....
...Second-placed Zhiwei Xiao, from Chongqing in China, is thus far sitting on an average return of over 100 per cent, flying high on gains by AMC and Tetra Technologies, an oil and gas services company that...
...The International Energy Agency said in May that energy companies must stop all new oil and gas exploration projects from this year to halt global warming....
...The market value of Japanese oil company INPEX and Chinese state oil major Cnooc fell by 52 per cent and 44 per cent respectively, while that of West Japan Railway declined 47 per cent....
...But when Bill Ackman (pictured below) turned up with an offer to take the home-rental company public, Airbnb showed him the door....
...Job moves The head of oil group Equinor’s drilling operations Anders Opedal will take over as chief executive of the Norwegian company in November, replacing Eldar Saetre....
...Some hope a bigger fillip to Britain Inc will come from lower oil prices, but that is a vain hope....
...The culprits are no secret: companies in the pulp and paper and palm oil industries. Small farmers also burn off forest and peatland. Indonesia’s annual blazes were first taken seriously in 1997....
...Make-up sales at Estée Lauder Companies Inc were up four per cent, also led by a boom in Asia, where MAC lip products, Estée Lauder Double Wear foundation and Tom Ford eyeshadows were flying off the shelves...
...This kind of numbers jumble is why oil companies detached their divi from operating performance in the first place....
...In the meantime, it’s unclear for how long WeWork can operate in an environment where most people are working from home....
...The oil company had sent a delegation to Nebraska for a secret meeting with Warren Buffett, hoping to persuade Berkshire Hathaway’s chairman to come to their rescue in their battle for Anadarko....
...Saudi Aramco has hired Wells Fargo banker Robert Fernandez to manage its relationship with banks after the oil company completed the world’s biggest share sale....
...Our base case is that many will still be flying home for Thanksgiving or Christmas this year. We therefore think the debate should focus on how rapid a recovery will be, and how far this is priced in....
...It’s also getting a reputation for the roster of Hollywood A-listers and Bay Area tech titans who have been flying down to tour the site....
...GMT - J Sainsbury is leading the FTSE 100 at pixel as potential business rate holidays add to the mixed benefit of upscaled hoarder controls....
...Increased focus on the home, reversing some L-T adverse trends....
International Edition