Business

Buffett offloads stake in GE

Buffett offloads stake in GE

Berkshire had previously held 10.4 million shares in the USA giant, according to securities filings. Other moves by Buffett's company in Q2 included adding a $418.1 million stake in Store Capital, and cut to its holdings in IBM and Wells Fargo.


World shares, dollar rise after week of N.Korea-driven losses

World shares, dollar rise after week of N.Korea-driven losses

On Thursday, Federal Reserve Bank of New York President William Dudley offered a positive outlook for the US economy, job market and inflation, saying better conditions would help support the most vulnerable Americans. It was down 0.2 per cent at 108.96 yen, after retreating 0.7 per cent on Thursday. World stocks rose on Monday, attempting to recover after fears of a US-North Korea nuclear standoff drove them to the biggest weekly losses of 2017, while the dollar too rose off four-month ...


PM - Solar thermal for Port Augusta 14/08/2017

PM - Solar thermal for Port Augusta 14/08/2017

Molten salt can store heat energy for hours or even days and release it on demand, meaning solar thermal plants can produce electricity 24/7 and balance out the energy grid. Australia is going all in on renewable energy. The steam that's generated drives a single turbine that makes electricity and can keep on doing so at full load for up to 8 hours after the sun goes down.


US Auto Parts Network Inc

US Auto Parts Network Inc

Auto-parts stores aren't alone in struggling: Retailers Coach Inc., Home Depot Inc. and Dick's Sporting Goods Inc. all declined after reporting earnings Tuesday. The company had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.26 billion. Specifically, adjusted profit of $1.58 a share fell short of an estimated $1.65.