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By Jonathan Stempel NEW YORK (Reuters) – Warren Buffett needed just two weeks to put together Berkshire Hathaway Inc’s $11.6 billion takeover of Alleghany Corp, its largest acquisition in six years, even as he balked at paying the insurer’s banking fee, a regulatory filing on Monday shows. Alleghany said its Chief Executive Officer Joseph Brandon met with Buffett for dinner in New York City on March 7, where after some “casual conversation” Buffett offered $850 per share in cash for the… Source link

Frank Vogel is out. Now, less than 24 hours since their season ended in sputtering disappointment, the Los Angeles Lakers offseason starts in overdrive. Up next on the docket: Figuring out what to do with Russell Westbrook and finding a new head coach — not necessarily in that order. The Lakers job is one of the biggest and most scrutinized in all of sports. Will they seek out an established veteran or an up-and-comer to lead LeBron James‘ twilight years? Candidates of both ilk were already… Source link

Employees are welcomed back to work with breakfast in the cafeteria at the Chicago Google offices on April 05, 2022 in Chicago, Illinois.  Scott Olson | Getty Images Google brought employees back into the office after two years of remote work last week, and the occasion was met with everything from marching bands to visits from prominent politicians as well as increased traffic.  Last week, Chicago Mayor Lori Lightfoot visited Google’s Chicago offices, which house roughly 2,000 employees,… Source link

A source familiar with 22 pending civil suits against Cleveland Browns quarterback Deshaun Watson has told Yahoo Sports that the opposing legal camps have discussed beginning trial proceedings in July — or possibly moving all of the suits into the 2023 calendar. The source said Rusty Hardin, who represents Watson, and Tony Buzbee, who represents the 22 plaintiffs in the suits, have had exchanges about getting as many as two of the lawsuits into a courtroom prior to a mutually constructed… Source link

The “new” Google Pay was announced in November 2020 with two key tentpoles. Both have failed by all accounts, and the company said at the start of this year that Pay is next going to become a “comprehensive digital wallet.” That change has yet to materialize, but a new “Wallet” icon seen by 9to5Google could be the start of Google Pay’s future.  The icon in question is internally referred to as “Wallet” and makes use of the four Google colors. You have the actual… Source link

Small business owners often face hurdles trying to borrow money. Data from the Federal Reserve shows that 85% experienced financial difficulties in 2021. And during that time, more than half of owners who sought loans were looking to meet their operating expenses rather than to expand their businesses, the report found. In addition, small business owners are also feeling the sting of higher prices. Inflation in the country is now running at annual 7.9% for the 12-month period ended February,… Source link

Things didn’t go as planned in Los Angeles this season. A day after their season mercifully came to an end with an 11th-place finish in the West, the Lakers fired head coach Frank Vogel. Now what? LeBron James spoke with reporters on Monday about what may come during the offseason — specifically regarding Russell Westbrook. He praised his teammate while vowing to leave personnel decisions to the Lakers front office. “One thing about Russ that I love and will always love is just his… Source link

After recently overhauling a “glitch” in the Affordable Care Act (ACA), the Biden administration is now addressing another issue plaguing the American health care system: medical debt. On Monday, Vice President Kamala Harris announced the administration’s four-step plan aimed at increasing consumer protections for Americans billed for health care costs. These measures include holding medical providers and debt collectors “accountable for harmful practices,” reducing the role medical debt… Source link

Oil prices have come down below $100/barrel after staying above that level for much of last month. The Ukraine-Russia war worsened the upward trend costs for energy across the globe. Yahoo Finance asked several experts what sustained prices above $100/barrel means for a risk of a recession in the U.S. and in other parts of the world. Most agree oil would have to stay closer to $130 in order to create enough demand destruction to spur a recession in this country. But some parts of the world… Source link

(Bloomberg) — European Union nations urgently called for more weapons to be shipped to Ukraine as soon as possible, and Poland’s prime minister predicted Europe would soon see its biggest tank battle since World War II. The mayor of Mariupol said that more than 10,000 civilians have died in the city in Ukraine since the invasion. Most Read from Bloomberg Austrian Chancellor Karl Nehammer became the first European Union leader to visit President Vladimir Putin in Moscow since the start of… Source link