Company News

Berkshire Reported Third Quarter Record Profit Pushed by Gains from Kraft Heinz

Berkshire Reported Third Quarter Record Profit Pushed by Gains from Kraft Heinz

Berkshire Hathaway Inc. reported quarterly profits that almost doubled to touch record high. This mirrors big gains on its stake that the company has in Kraft Heinz Co. Operating profits dropped due to feebler results from insurance underwriting.

Facebook Shares Spike; Quarterly Revenue and Profit Surpass Forecasts

Facebook Shares Spike; Quarterly Revenue and Profit Surpass Forecasts

On Wednesday, Facebook Inc posted strong growth in revenue and profit for the quarter. The largest social network in the world is growing bigger with a larger user base as number of mobile users increase and advertising also lifted its stock to an all-time high.

Volkswagen Says Latest Emissions Cheating Allegations from EPA are Baseless

Volkswagen Says Latest Emissions Cheating Allegations from EPA are Baseless

In September, Volkswagen admitted that it illegally installed software in its eleven million diesel cars to cheat the emission test results.

NetApp Inc Posts Loss in First Quarter Owing to Product Overhaul and Reorganization

NetApp Inc Posts Loss in First Quarter Owing to Product Overhaul and Reorganizat

The data-storage company, NetApp Inc. headquartered in Sunnyvale, California reported a loss in the first quarter. In its 'transition year' as its executive call it, the product revenue dipped sharply as it went through a major overhaul in products.

The company logged $27 million costs that were linked to the restructuring which was announced earlier.

Comcast’s NBCUniversal Invest $US200 million in BuzzFeed

Comcast’s NBCUniversal Invest $US200 million in BuzzFeed

Earlier this year, the chief executive of Comcast Corp.'s NBCUniversal, Steve Burke, said that the media company requires to be on the spot light were the eyes will follow it by introducing added "digital" to its basic fabric.

NBCUniversal agreed to invest $US200 million in BuzzFeed and that's the biggest recent cash injection into the digital news quarter.

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