News

Shell saves $600m on gas deal with Repsol

Royal Dutch Shell has saved $600m (£362m) on a deal to buy rival Repsol’s liquefied natural gas assets in Trinidad, Peru and Spain. The supermajor had agreed to buy the portfolio for $4.4bn last February, but will now only be spending $3.8bn on Repsol’s LNG work outside of North America.

Warren Buffett’s son Peter questions giveaways by the rich

Just this month, Warren Buffett announced plans to give away more than $2.6bn (£1.7bn) of stock in his Berkshire Hathaway conglomerate to charities, in the latest round of annual gifts since he outlined plans to give away most of his wealth in 2006. But now his son has publicly questioned the trend of big-ticket giving by the rich when the “existing structure of inequality” is left unchallenged.

Keira Knightley is worth an estimated £30m

Taking Keira business: Does Ms Knightley really get by on £30,000 a year?

She won praise for her supposedly “frugal” wedding this month (if you forget about the couture dress and guests flying to France), and now Keira Knightley’s finances are back in the spotlight with the revelation that she earned “just” £30,000 in salary last year.

The Business Matrix: Monday 6 May 2013

Sainsbury’s buys out its bank

Buffett and fans celebrate empire’s record share price

Berkshire Hathaway stock hits new heights as investors party at the ‘Woodstock of capitalism’

Wall Street critic Warren Buffett gets 2% of Goldman Sachs

Warren Buffett, the American investor who in the past has criticised the casino culture that pervades Wall Street, is set to become one of the leading shareholders in Goldman Sachs, the investment bank he backed by taking a stake during the financial crisis. And he won't even have to spend a penny of his own money.

Margareta Pagano: The Goose said to the Owl: Fancy a Penguin?

When two billionaire friends met on a business flight, the talk turned to birds and business deals. The $28bn swoop on Heinz was the result

Sage of Omaha, Warren Buffett, shells out $23bn for Heinz foods

He is taking the baked beans and ketchup giant back into private hands in the food business's biggest buyout

The Washington Post

Washington Post website reportedly considering paywall

The Washington Post will probably start charging online readers for access to newspaper articles in the middle of next year, a person familiar with the plans said.

James Moore: Should Uncle Sam call on Jamie Dimon?

Outlook Talking of Mr Carney, he must have shuddered just a little bit yesterday after no less than Warren Buffett suggested his old pal Jamie Dimon, the chief executive of JP Morgan, would be a great candidate for US Treasury Secretary.

A Tuscan town for €2.5m – but what else is up for auction on eBay?

An entire Tuscan village – the hamlet of Pratariccia – has been put up for sale on eBay for €2.5m. But how does it compare to the other oddest items to grace the auction site?

Denis Abrams kept asking what he'd done wrong when he heard the news

CEO who 'abused' expenses feels rage of the Sage of Omaha

Warren Buffett orders that paint company boss must be canned for taking staff to Bermuda

Coty stops calling for Avon Products

The fragrance firm Coty has pulled out of its $10.7bn (£6.7bn) takeover bid for Avon Products after it said the US cosmetics group had taken too long making its mind up.

Coty abandons bid for Avon after two-month stand-off

The fragrance firm Coty has pulled out of its $10.7bn (£6.7bn) takeover bid for Avon Products after it said the US cosmetics group had taken too long making its mind up.

Coty calling again with new bid for Avon

The billionaire founders of Cillit Bang cleaner group Reckitt Benckiser yesterday came calling again for door-to-door cosmetics giant Avon with a $10.7bn increased bid and a threat to walk away if the target's shareholders failed to enter talks in the coming days.

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