Warren Buffett’s Berkshire Hathaway gives embattled Canadian lender Home Capital a $1.5 billion lifeline

Bill Pugliano/Stringer/Getty Images (Reuters) – Home Capital Group Inc said billionaire Warren Buffett’s Berkshire Hathaway Inc will provide a new C$ 2 billion ($ 1.50 billion) line of credit to its unit Home Trust Co, ending the Canadian lender’s strategic review process. Berkshire will also indirectly buy C$ 400 million of Home Capital‘s common shares […]

The rise and fall of Travis Kalanick, Uber’s embattled billionaire founder who just resigned as CEO

REUTERS/Adnan Abidi Eight years ago, Travis Kalanick launched a startup called UberCab in San Francisco. Today, Uber is a global behemoth and one of Silicon Valley’s most successful companies — and one of the most contentious. Uber operates in around 600 cities worldwide, and it’s said to be worth nearly $ 70 billion. The 40-year-old Kalanick […]

Embattled Uber chief takes leave of absence to ‘work on himself’

Published time: 14 Jun, 2017 10:26 Edited time: 14 Jun, 2017 10:31 Uber CEO and co-founder Travis Kalanick said he was taking an indefinite leave of absence from the firm. It follows a series of controversies the ride-hailing company has faced over the past year. READ MORE: Uber CEO loses temper in tense confrontation with driver […]

Media coverage of Iraqi Mosul op ‘censored & suppressed’ – RT reporter in embattled city

The Iraqi Army keeps press coverage of its operation in Mosul “censored and suppressed,” only allowing access to certain locations, RT’s Murad Gazdiev, reporting from the scene, says, as the UN warns of soaring civilian casualties. When Murad Gazdiev arrived in the embattled city to cover the latest events, Iraqi officers warned his crew not […]