October 6, 2024 - liquidityledger.com

Berkshire owns 100% of BHE, but the utility’s a weak spot for the conglomerate

Warren Buffett took full control of Berkshire Hathaway Energy, a utility giant that it has owned a majority stake in since 1999, but the business has been a drag on the conglomerate. The Omaha-based Berkshire entered a deal to acquire the 8% remaining stake in BHE from the heirs...

Foxconn beats estimates with record third-quarter revenue on AI demand

Hon Hai Group's headquarters in Taipei, Taiwan.Ceng Shou Yi | Nurphoto | Getty ImagesTaiwan's Foxconn, the world's largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence servers.Revenue for Apple's biggest iPhone assembler jumped 20.2% year on year to 1.85 trillion Taiwanese dollars ($57.3 billion)."The result...