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Latest News: Companies

Berkshire reduces Bank of America stake to less than 10%

Warren Buffett takes the floor before Berkshire Hathaway's annual shareholder meeting on May 3, 2024 in Omaha, Nebraska. David A. Grogen | CNBC Warren Buffett's Berkshire Hathaway has cut its stake in Bank of America to below 10% in a…

How Amazon, Best Buy, Costco and Home Depot Prepared for the Port Strike

The International Longshoremen's Association (ILR), which represents about 45,000 longshoremen, has launched its first large-scale strike in 47 years, disrupting supply chains ahead of the Christmas shopping season. Strikes began early Tuesday morning at 36 ports along the East Coast…

PepsiCo buys Siete Foods for $1.2 billion

Siete Foods Tortilla Chips Courtesy: Siete Foods PepsiCo announced Tuesday that it is buying Mexican-American food company Siete Foods for $1.2 billion, marking the company's first food acquisition in about five years. Like many food companies, Pepsi has tried to…