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Buffett donates $2.8 Billion to Charity Again
Warren Buffett, the second richest man in the world and among the greatest investors, donated on Monday $2.8 billion worth of Berkshire Hathaway stocks to five charities, continuing his tradition of philanthropy for the 10th straight year.
Philipp Morris to Sell Stake in Indonesian Unit to Comply with Public Float Rules
American cigarette maker Philip Morris International Inc. is looking to sell a billion dollars worth of its shares in its Indonesian subsidiary to comply with local rules on public float.
American Apparel Plans Restructuring, Doubtful of Fund Raising
Clothing retailer American Apparel announced plans to restructure its struggling business and admitted that it may not be able to raise the needed capital within the next 12 months.
Mondelez Looks to Replicate China Success of Slim Oreos in US
Snack maker Mondelez International Inc. will introduce a slimmer Oreo to American consumers this July that it is meant to appeal to adults looking for a classier version of the cookie.
Whole Foods Execs Apologize For Overcharging, Lay Out Improvement Plan
Following charges of overcharging at its New York stores, the top executives of grocery chain Whole Foods Market Inc apologized for unintentional mistakes that affected customers.
Kraft, Heinz Complete Merger, Cost Cuts to Follow
H.J. Heinz Co. and Kraft Foods Group Inc. completed on Thursday their merger to create one of the world's largest food and beverage company.
Jeep, Chrysler Powers Fiat Chrysler Sales Surge in June
Carmaker Fiat Chrysler Automobiles NV said on Wednesday that its automobile sales in the U.S. rose by 8.2 percent in June, its best performance since 2006, driven by its Jeep and Chrysler brand.
Corona Brands Post Strong Beer Sales, Acquires Meiomi to Boost Wine Line Up
Alcoholic beverage maker Constellation Brands Inc. reported on Wednesday a 15 percent increase in profits in the first quarter ending in May due to improved sales of its Corona and Modelo beer brands.
NFL Signs 4-Year Sponsorship Deal With Hyundai as Korean Car Maker Looks for Sales Boost
Two of the United States' most watched sports league will soon have Korean brands as official sponsors after the National Football League signed a four year-year deal with Hyundai Motor Co.
Greece Imposes Capital Controls as Financial Crisis Deepens After Tsipras's Referendum Call
Greece closed its banks and imposed capital controls, with the government and its creditors unable to agree on a deal for continued support for the country's financial system in exchange for harsher reforms
Volkswagen to Build Low Cost Cars in China, Considering Introducing Line to Other Markets
German automaker Volkswagen will build a line low-cost cars in China aimed for that market and Southeast Asia by 2018, its chairman said.
AirBnB Raises $1.5 Billion Via Private Placements Putting Valuation at $26 Billion
Home rental start-up AirBnB has raised $1.5 billion from private placements from several hedge funds to give it a $25.5 billion valuation.
Ebay-Paypall Split official in July
U.S. American online retailer Ebay will official spin off its unit PayPal on July 17 to unlock the full potential of the unit.
Nike Beats Profit Expectations Anew as Sales of Branded Basketball Sneakers Boost Performance
Leading footwear maker Nike Inc. topped profit expectations for the eighth straight quarter with the strong sales of top-of-the line branded shoes and increase in advance orders.
Goodyear to Close UK Tire Factory to Manage Costs as Competition Rises
Goodyear Tire & Rubber said Thursday it would close its plant in Wolverhampton, England, letting go of its 390 people there to cut costs.