Buffett Adds to His Hefty Stake in Bank of America

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Buffett Adds to His Hefty Stake in Bank of America

Bank of America is Warren Buffett’s favorite bank. Berkshire Hathaway (ticker: BRK.B) scooped up 33.9 million shares in the past week, paying about $810 million, or an average price of about $24 a share. The stock, which ended Friday at $24.35, up 5% on …
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Apple to Give Employees Paid Time Off to Vote in US Election

It was announced in a memo to Apple employees seen by Bloomberg News. Election Day is Nov. 3.
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Rivian to begin deliveries of electric pickup truck in June 2021

Rivian has started to run a pilot production line at its factory in Normal, Illinois, as the electric vehicle startup prepares to bring its pickup truck and SUV to market in summer 2021. In an email sent to prospective customers, Rivian said deliveries of its R1T …
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Garmin Is Hit by an Extensive Online Outage

An extensive outage has taken down Garmin’s website and app, cutting off consumer access to its customer service and fitness tracking services, along with parts of its website. In a brief statement on its website, the fitness tracker and smartwatch maker …
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Coal Miner Rhino Resource Files for Chapter 11 Bankruptcy

Rhino Resource Partners LP, a coal-mining company that got a $10 million loan under the federal Paycheck Protection Program, has filed for bankruptcy amid declining coal prices and disruption to mining operations caused by the coronavirus pandemic.
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