National Business - The Morning Sun

Berkshire Hathaway Vice Chairman Greg Abel poses for pictures with shareholders while touring the booths Berkshires companies set up, Friday, May 3, 2024, in Omaha, Neb. Abel will succeed Warren Buffett as CEO one day. (AP Photo/Josh Funk)

Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions

Exclusive subscriber content

This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone. Buffett said for the first time … more

By JOSH FUNK | 5/5/24

FILE - Chinese President Xi Jinping talks to U.S. Secretary of State Antony Blinken at the Great Hall of the People, on April 26, 2024, in Beijing, China. A new Pew Research Center report shows that more than 40% of Americans now label China as an enemy, up from a quarter two years ago and reaching the highest level in five years. (AP Photo/Mark Schiefelbein, Pool, File)

China's president arrives in Europe to reinvigorate ties at a time of global tensions

Exclusive subscriber content

Chinese President Xi Jinping is kicking off a three-country trip to Europe with the continent divided over how to deal with Beijing’s growing power and the U.S.-China rivalry. European carmakers … more

5/5/24

FILE - Israeli Prime Minister Benjamin Netanyahu attends a press conference in the Kirya military base in Tel Aviv, Israel on Oct. 28, 2023. Netanyahu pledged Tuesday, April 30 to launch an incursion into the southern Gaza city of Rafah, where hundreds of thousands of Palestinians are sheltering from the almost 7-month-long war, just as cease-fire negotiations between Israel and Hamas appear to be gaining steam. (Abir Sultan/Pool Photo via AP, File)

Netanyahu's Cabinet votes to close Al Jazeera offices in Israel after rising tensions

Exclusive subscriber content

Israeli Prime Minister Benjamin Netanyahu says his government has voted unanimously to shutter the offices of the Qatar-owned broadcaster Al Jazeera in Israel. Netanyahu announced the decision on X, … more

By TIA GOLDENBERG | 5/5/24

Harold and Caroline Ernst of St. Louis chat with fellow shareholders as they wait for the Berkshire Hathaway annual meeting to begin on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)

Warren Buffett's company rejects proposals, but it faces lawsuit over how it handled one last year

Exclusive subscriber content

Shareholder proposals are usually uneventful at Berkshire Hathaway’s annual meeting, but Warren Buffett and the company are now facing a lawsuit over the way one presenter was treated last year. … more

By JOSH FUNK | 5/4/24

LSU basketball forward Angel Reese, gestures at photographers during a time out in the second half of an NBA basketball game between the New York Knicks and the Brooklyn Nets, Friday, April 12, 2024, at Madison Square Garden in New York. The Knicks won 111-107. (AP Photo/Mary Altaffer)

Angel Reese, Cardoso debuts watched widely on fan's livestream after WNBA is unable to broadcast

Exclusive subscriber content

The WNBA debuts of Angel Reese and Kamilla Cardoso were widely watched on a social media livestream from a fan who stepped in when the league’s app couldn’t broadcast the game. Reese and Cardoso … more

By The Associated Press | 5/4/24

Michelle King of San Francisco does yoga in the See's Candies booth before the arrival of shareholders for the Berkshire Hathaway annual meeting on Saturday, May 4, 2024, in Omaha, Neb. (AP Photo/Rebecca S. Gratz)

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

Exclusive subscriber content

Berkshire Hathaway says its first quarter profit plummeted on the paper value of its investments. At the same time, the company said Saturday that most of the businesses it owns outright did well. A … more

By JOSH FUNK | 5/4/24

Madonna fan Effir Ribeiro stands outside the Copacabana Palace hotel where Madonna is staying ahead of her Celebration tour concert in Rio de Janeiro, Brazil, Friday, May 3, 2024. Madonna will conclude her tour on Saturday with a free concert at Copacabana Beach. (AP Photo/Bruna Prado

Rio de Janeiro set for Madonna’s massive Copacabana beach concert that will be her biggest ever

Exclusive subscriber content

Madonna will give a free concrete on Copacabana beach, turning its vast stretch of sand into an enormous dance floor. It takes place Saturday night after Rio de Janeiro spent the last few days … more

By ELÉONORE HUGHES | 5/4/24

Boeing locks out its private firefighters around Seattle over pay dispute

Exclusive subscriber content

Boeing has locked out its private force of firefighters who protect its aircraft-manufacturing plants in the Seattle area and brought in replacements after the latest round of negotiations with the … more

By ALEX VEIGA | 5/4/24

Berkshire Hathaway Vice Chairman Greg Abel checks out the flight simulators offered by one of Berkshires companies, Flight Safety as he toured the exhibit hall Friday, May 3, 2024, in Omaha, Neb. ahead of Saturday's meeting. Abel is set to succeed Warren Buffett as CEO one day. (AP Photo/Josh Funk)

Investing guru Warren Buffett draws thousands, but Charlie Munger's zingers will be missed

Exclusive subscriber content

Tens of thousands of people are expected to flock to Omaha, Nebraska, to soak up wisdom from investing wizard Warren Buffett. Saturday's annual shareholder's meeting for Buffett's Berkshire Hathaway … more

By JOSH FUNK | 5/4/24

FILE - The seal of the U.S. Securities and Exchange Commission is seen at SEC headquarters, June 19, 2015, in Washington. An auditing firm hired by Trump Media and Technology Group just 37 days ago was busted by the Securities and Exchange Commission for “massive fraud” — though not for any work it performed for former President Donald Trump’s media company. (AP Photo/Andrew Harnik, File)

The SEC charges Trump Media's newly hired auditing firm with 'massive fraud'

Exclusive subscriber content

The Securities and Exchange Commission has charged the auditing firm hired by Trump Media and Technology Group just 37 days ago with “massive fraud” — though not for any work it performed for … more

By DAVID HAMILTON | 5/3/24

Dr. Eugene Livar, Arizona's first heat officer for the Arizona Department of Health Services, speaks during a news conference held by the ADHS and Governor's Office of Resiliency ahead of Heat Awareness Week at the Escalante Multi-Generational Center Friday, May 3, 2024, in Tempe, Ariz. (AP Photo/Ross D. Franklin)

Arizona is boosting efforts to protect people from the extreme heat after hundreds died last summer

Exclusive subscriber content

Arizona’s new heat officer said Friday that he is working with local governments and nonprofit groups to open more cooling centers and ensure homes have working air conditioners in a more unified … more

By ANITA SNOW | 5/3/24

Boeing threatens to lock out its private firefighters around Seattle in a dispute over pay

Exclusive subscriber content

Boeing is already facing questions about quality and safety of its aircraft, and now it has a labor showdown on its hands in Seattle. The company says it will lock out its private force of … more

By DAVID KOENIG | 5/3/24

FILE - A sign sits on the campus of the insurance and managed health care company Aetna, Aug. 28, 2020, in Hartford, Conn. Aetna has agreed to settle a lawsuit that accused the health insurer of discriminating against LGBTQ+ patients. (AP Photo/Bill Sikes, File)

Aetna agrees to settle lawsuit over fertility coverage for LGBTQ+ customers

Exclusive subscriber content

The health insurer Aetna has agreed to settle a lawsuit over whether its fertility treatment coverage discriminates against LGBTQ+ patients. The insurer will make coverage of artificial insemination … more

By TOM MURPHY | 5/3/24

Nippon Steel delays closing of acquisition of US Steel until late this year after US DOJ request

Exclusive subscriber content

Nippon Steel says it has postponed the expected closing of its $14.1 billion takeover of U.S. Steel by three months after the U.S. Department of Justice requested more documentation related to the … more

By YURI KAGEYAMA | 5/3/24

FILE - A 2023 Ford Mustang Mach-E charges, Friday, March 8, 2024, at an electric vehicle charging station in London, Ohio. The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500. The Treasury Department announced final regulations for the credits under the 2022 Inflation Reduction Act on Friday, May 3, giving automakers more time to comply with some provisions about where battery minerals can come from. (AP Photo/Joshua A. Bickel, File)

US loosens some electric vehicle battery rules, potentially making more EVs eligible for tax credits

Exclusive subscriber content

The U.S. government has loosened some rules governing electric vehicle tax credits a bit, potentially making more EVs eligible for credits of up to $7,500. The Treasury Department announced final … more

5/3/24

Rain falls into a puddle in Parliament Square, with a backdrop of the Houses of Parliament, in London, Friday, May 3, 2024. A High Court judge ruled Friday that Britain's government acted unlawfully when it approved a plan to meet the U.K.'s climate targets without evidence it could be delivered. It was the second time in two years that the government's main climate action plan was found unlawful and insufficient in meeting targets to cut greenhouse gas emissions. (AP Photo/Kin Cheung)

The UK government acted unlawfully in approving a climate plan, a High Court judge has ruled

Exclusive subscriber content

A U.K. High Court judge has ruled that the government acted unlawfully when it approved a plan to meet climate targets without evidence it could be delivered. It was the second time in two years that … more

By SYLVIA HUI | 5/3/24

Treasury Secretary Janet Yellen testifies during a House Ways and Means Committee hearing, Tuesday, April 30, 2024, on Capitol Hill in Washington. (AP Photo/Mariam Zuhaib)

Yellen says threats to democracy risk US economic growth, an indirect jab at Trump

Exclusive subscriber content

Treasury Secretary Janet Yellen is arguing that a fractured democracy can have destructive effects on the economy. In an address prepared for delivery Friday in Arizona, Yellen never mentions … more

By FATIMA HUSSEIN and JOSH BOAK | 5/3/24

Lionel Richie, left, and Lisa Parigi attend The King's Trust Global Gala at Casa Cipriani on Thursday, May 2, 2024, in New York. (Photo by Evan Agostini/Invision/AP)

King Charles' longtime charity celebrates new name and U.S. expansion at New York gala

Exclusive subscriber content

The King’s Trust has celebrated its new name, an update of King Charles III’s long-running charity The Prince’s Trust. The organization marked the expansion of its work in the United States … more

By GLENN GAMBOA | 5/3/24

Iranian carpet shop owner Ali Faez works at his shop at the traditional bazaar of the city of Kashan, about 152 miles (245 km) south of the capital Tehran, Iran, Tuesday, April 30, 2024. (AP Photo/Vahid Salemi)

Sanctions and a hobbled economy pull the rug out from under Iran's traditional carpet weavers

Exclusive subscriber content

The historic Kashan bazaar in central Iran once sat on a major caravan route, its silk carpets known the world over. But for the weavers trying to sell their rugs under its ancient arches, their … more

By MEHDI FATTAHI | 5/3/24

Sulphur Times-Democrat co-editor James John works on the next edition of the newspaper from his home on Monday, April 29, 2024 in Sulphur, Okla. A tornado destroyed the downtown, where the newsroom is located. The paper's building is without power and questions about its integrity remain. (AP Photo/Graham Lee Brewer)

A tornado hit an Oklahoma newsroom built in the 1920s. The damage isn't stopping the presses

Exclusive subscriber content

A weekly newspaper in a rural Oklahoma community was at the center of a path of destruction. But the damage isn't stopping the Sulphur Times-Democrat from getting out its next issue as Oklahoma … more

By GRAHAM LEE BREWER | 5/3/24