Berkshire Hathaway

Warren Buffett's company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well.

Berkshire Hathaway said it lost $12.8 billion in the quarter. That's significantly bigger than the $2.8 billion loss that it reported a year ago.

Profits rebounded at Warren Buffett's conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit $35.9 billion, and Berkshire Hathaway's assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico.

Apple on June 5 unveiled its first mixed reality headset, challenging Facebook-owner Meta in a market that has yet to tempt users beyond video gamers and tech geeks.

The release was the most significant product launch by the iPhone maker since it unveiled the Apple Watch in 2015.

Apple has announced a multi-billion-dollar collaboration with U.S. tech firm Broadcom to make "cutting edge" components for wirelessly connecting to high-speed 5G telecom networks.

The iPhone maker did not specify exactly how many billions of dollars it would put into the Broadcom alliance. 

The United States on Tuesday announced charges in five cases involving alleged efforts to steal technology to benefit China, Russia and Iran including a former Apple Inc engineer accused of targeting the company's technology on autonomous systems, including self-driving cars, and then fleeing to China.

Ridley Scott's "Napoleon," a film originally created by Apple for its streaming platform, was the unlikely hero of the movie industry's CinemaCon gathering on its opening night on April 24.

The special board appointed by President Joe Biden to intervene in stalled railroad contract talks suggested on Aug. 16 that 115,000 rail workers should get 24 percent raises and thousands of dollars in bonuses as part of a new agreement to avert a strike.

An anonymous bidder has shelled out a record $19 million for a private lunch with billionaire Warren Buffet at a steakhouse in New York City.

The meal with the Berkshire Hathaway CEO was offered on an eBay auction to benefit the San-Francisco-based charity GLIDE, which helps homeless people and those in poverty. The winner can bring up to seven guests.

The billionaire finance guru Warren Buffett, who complained recently that he did not know where to put his money, said on April 30 he has invested billions of dollars so far this year, even as he took jabs at Wall Street.

Billionaire Warren Buffett says his company has benefited from some "extraordinary luck" in finding acquisitions like BNSF railroad over the decades, but he has not had much of that in recent years as Berkshire Hathaway's cash pile has grown to nearly $147 billion.