Coronavirus punishes Warren Buffett, as Berkshire Hathaway takes almost $10 billion writedown

Berkshire Hathaway Inc on Saturday announced a US$9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft and industrial parts unit, as the coronavirus pandemic caused widespread pain at Warren Buffett’s conglomerate, Berkshire Hathaway Inc. Read More

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How Ghislaine Maxwell’s arrest upended the filming of ‘Surviving Jeffrey Epstein’

The filmmakers behind “Surviving Jeffrey Epstein” moved quickly when Ghislaine Maxwell was arrested on federal charges that she acted as a recruiter for the financier’s sexual abuse.

The fourth episode of the new Lifetime docuseries, which was intended to be a round-table with survivors, was redone to focus on Maxwell’s alleged crimes and her grooming of potential victims.

Filmmakers also incorporated more of Maxwell’s story into the series overall and conducted additional interviews. The four-part series was delivered at Lifetime just days before its Sunday premiere.

“If your timing can be great, our timing was great,” said executive producer Robert Friedman.

This combination of photos released by Lifetime shows participants in the new docuseries “Surviving Jeffrey Epstein.” Top row from left: Virginia Roberts Giuffre, Teresa Helm, Jena Lisa Jones, Kiki, Rachel Benavidez, Marijke Chartouni, Chaunte Davies, and Courtney Wild. The series premieres on Sunday.
Lifetime via AP

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Formalise conditions, wages of ASHA and Anganwadi workers: House panel on labour

A platform of workers under schemes such as Anganwadi, ASHA and national health mission had given a call for a two-day nationwide strike demanding safety, insurance, risk allowance and fixed wages. ASHA workers in Bihar, Karnataka and Maharashtra have been protesting for the last few days citing delayed payment and pending dues of promised incentives.

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Canada to slap U.S. with $3.6 billion in tariffs in retaliation for aluminum duty

The Trudeau government will respond to U.S. President Donald Trump’s move to once again slap tariffs on Canadian aluminum by firing back with approximately $3.6 billion in tariffs of its own, Deputy Prime Minister Chrystia Freeland said Friday. Read More

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Susan Rice sells Netflix shares ahead of Biden’s VP announcement

Former national security adviser Susan Rice, a Netflix director, sold some of her shares of the video streaming company worth $305,323 this week as speculation swirls that she is among the candidates to be Democratic presidential nominee Joe Biden’s running mate.

A spokeswoman for Rice said the sale was unrelated to politics and was made under a stock trading plan she filed more than three months ago under Securities and Exchange Commission rules.

“Ambassador Rice’s sale of a fraction of her Netflix stock has nothing to do with VP speculation,” Erin Pelton said.

Rice, who also served as the U.S. ambassador to the United Nations, is being vetted as a possible running mate for Biden. He’s expected to announce his choice next week.

The share sales followed the exercise of options and were disclosed in an SEC filing Thursday night. Netflix stock has nearly doubled in the past year. Rice, … Read the rest

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