SunEdison Inc. took a major step forward in its bankruptcy reorganization, agreeing to relinquish control of its two yieldco units to Canada’s biggest alternative asset manager and clearing up some of the litigation brought by the affiliates. Brookfield Asset Management Inc. agreed to increase its stake in TerraForm Power Inc. to 51 percent, acquiring the additional shares at $11.46 each, according to a statement on Tuesday.
Category: Warren Buffett
Apple Just Can’t Beat its own iPhone
The Apple of today hasn’t yet shown much indication of emulating its co-founder Steve Jobs and his streak of world-changing products, but it’s still proving a tough act to beat. The main reason: Before Jobs died in 2011, he left behind the iPhone — a product with such a devout following that it will likely spin off billions in profit for the foreseeable future.
Warren Buffett just dumped Walmart, does it signal the death of retail as we know it?
“Retailing is like shooting at a moving target,” Warren Buffett said in 2005, questioning whether it’ possible to save a retailer once the rot sets in. Warren Buffett’s Berkshire Hathaway just sold off US$900 million of Walmart stock, choosing to invest billions in airline stocks instead.
Warren Buffett just dropped Walmart, and signaled the death of…
Warren Buffett’s Berkshire Hathaway has sold off $900 million of Walmart stock, choosing to invest billions in airlines instead. The sale, which leaves Buffett with nearly no shares in Walmart, comes as the US’s largest traditional retailer has been rushing to catch up to Amazon and other online competitors.