Reuters

NEW YORK (Reuters) - Warren Buffett said on Saturday Berkshire Hathaway sold its entire holding in Paramount at a loss, a decision he said was his sole responsibility.

"It was 100% my decision and we've sold it all and we lost quite a bit of money," Buffett said while speaking at Berkshire's annual shareholder meeting in Omaha, Nebraska.

The Omaha-based conglomerate had 63.3 million Paramount Global Class B shares as of the end of 2023.

(Reuters) - HSBC Holdings Plc's biggest Asian investor, China's Ping An Insurance Group Co, voted against the reappointment of departing chief executive Noel Quinn as a director at the bank's shareholder meeting, Bloomberg News reported on Saturday.

Ping An lodged a protest vote against Quinn's leadership at the meeting on Friday, the report added, citing people familiar with the matter.

Ping An and HSBC did not immediately respond to... (continue reading...)

By Lizbeth Diaz

MEXICO CITY (Reuters) -The three dead bodies found in Mexico's Baja California state are highly likely to be the American and two Australian tourists who went missing last week, a senior official from the region said on Saturday.

Mexican authorities are conducting forensic tests after finding the bodies on Friday in a well following a days long search for Australian brothers Callum, 33, and Jake Robinson, 30, as well as... (continue reading...)

NEW YORK (Reuters) - Warren Buffett said he expects the U.S. government to increase taxes to tackle widening fiscal deficits rather than reduce spending.

"I think higher taxes are likely," he said on Saturday at Berkshire Hathaway's annual shareholder meeting in Omaha.

"They may decide that some day they don’t want the fiscal deficit to be this large because that has some important consequences. So they may not want to decrease spending... (continue reading...)

(Reuters) - Onex Corp's WestJet on Saturday said that it has issued a 72-hour lockout notification to its technical operations union ‍Aircraft Mechanics Fraternal Association (AMFA).

The company said that a work stoppage could occur as early as May 7 unless a deal is reached with AMFA.

The 72-hour lockout notice does not mean travel disruption will occur, WestJet said in a statement, adding that in the coming days it will take... (continue reading...)