Saturday, November 29, 2014   

Buffett seeks exit from Graham Holdings
(02-13 19:25)

US business tycoon Warren Buffett is in talks to exit his investment in Graham Holdings, former owner of The Washington Post, after an association of 40 years.
Buffett's Berkshire Hathaway Inc and Graham Holdings are negotiating a stock swap, according to documents filed late Wednesday to the Securities and Exchange Commission.
It would involve Berkshire handing 1.7 million shares of Graham Holdings, a stake of about 28 percent and worth about US$1.1 billion, back to the company.
Graham Holdings changed its name from Washington Post Co. after selling its flagship newspaper to Amazon chief executive Jeff Bezos last year.
The billionaire Buffett had forged a strong friendship with the Post's boss Katharine Graham, who died in 2001. –AFP
   
Other Business breaking news:
US shoppers go in for the kill on 'Black Friday' (11-28 17:07)
European stocks open mixed (11-28 16:46)
EU gives time to rule-breaking France, Italy on budget (11-28 16:44)
Hang Seng ends flat (11-28 16:42)
Hang Seng dips in morning session (11-28 12:10)
Nikkei up by break (11-28 12:09)
Lackluster Japan data paints gloomy picture for Abenomics (11-28 11:40)
OPEC move to keep oil output target sparks price slump (11-28 11:33)
German labor market unfazed by economic weakness (11-27 18:52)
China Internet giants in tit-for-tat battle for users (11-27 18:28)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.