UPDATE: Berkshire Hathaway (BRK-B) (BRK-A): Warren Buffet to Donate Approx. $3.6B to Bill & Melinda Gates, Susan Thompson Buffett, Sherwood, Howard G. Buffett & NoVo Foundations Jul 1, 2019 06:21AM (Updated - July 1, 2019 6:21 AM EDT)

Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) – Warren E. Buffett, Chairman of Berkshire Hathaway, today will convert 11,250 of his Class A shares into 16,875,000 Class B shares.

Of these Class B shares, 16,811,941 will be donated to five foundations: Bill & Melinda Gates Foundation, Susan Thompson Buffett Foundation, Sherwood Foundation, Howard G. Buffett Foundation and NoVo Foundation. These shares have a current value of about... (continue reading...)


PG&E Corp. (PCG) Announces Court Approval of 'First Day' Motions Feb 1, 2019 04:33PM

PG&E Corporation (NYSE: PCG) and its primary operating subsidiary, Pacific Gas and Electric Company (the “Utility”), today announced that they have received interim approvals from the U.S. Bankruptcy Court for the Northern District of California for the “First Day” motions related to the voluntary Chapter 11 reorganization cases they initiated on January 29, 2019.

Among other things, the approved motions provide PG&E with:


U.S. top court signals it will buttress anti-fraud securities laws Dec 3, 2018 12:38PM

By Andrew Chung

WASHINGTON (Reuters) - U.S. Supreme Court justices on Monday appeared reluctant to further limit the scope of who can be held liable for violating laws that protect investors from securities fraud as they weighed an appeal by a New York investment banker who had been banned from the industry.

Only eight of the nine justices were present to hear arguments over a ruling by a Washington-based federal appeals court that found... (continue reading...)


Theranos, CEO Holmes, and Former President Balwani Charged With Massive Fraud Mar 14, 2018 12:22PM

The Securities and Exchange Commission today charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh “Sunny” Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology, business, and financial performance. Theranos and Holmes have agreed to resolve the charges against... (continue reading...)


Chinese online lender LexinFintech surges in U.S. market debut Dec 21, 2017 10:51AM

By Diptendu Lahiri

(Reuters) - Chinese online lender LexinFintech Holdings Ltd's (NASDAQ: LX) shares surged in their U.S. market debut on Thursday, brushing aside worries related to Beijing's recent crackdown on the booming micro-credit industry.

LexinFintech's shares touched a session high of $14.88, a 53 percent jump from its IPO price that valued the Shenzhen-based company at $4.51 billion.

The company, which was looking to... (continue reading...)


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