The best way Warren Buffett can invest Berkshire’s excess cash

Warren Buffett is perhaps the finest investor of the past century. Berkshire Hathaway has handily outpaced the returns for the S&P 500 since he took over. However, when it comes to Buffett’s capital allocation decisions over the past decade, as well as Berkshire’s ballooning cash balance, there is certainly room for improvement. Simply put, the company has far too much cash and too few options to effectively deploy it. It’s a tough time for trade. But emerging economies are moving ahead What to expect from 2019’s ‘post-peak’ economy Why the US would never win a trade war with China While shareholders can all applaud Buffett’s discipline in pricey markets, anything is better than making less than 2% on a cash …

Liverpool stun Barcelona: Where does Champions League ‘classic’ rank in competition’s great games?

(CNN)Few gave Liverpool a chance against Barcelona ahead of their Champions League semifinal against Barcelona on Tuesday. “We played against maybe the best team in world,” Klopp told BT Sport. “Winning is difficult, but winning with a clean sheet, I don’t know how they did it. “Divock and Shaq didn’t play a lot. Putting a performance in like that, it was so important. It shows what’s possible in football. It’s so nice. It’s really nice. “I saw James Milner crying on the pitch after the game. It means so much to all of us.” But how does Liverpool’s remarkable victory rank against the competition’s greatest and most memorable matches? Here’s a look back at some of the best. Obviously, the …

Chevron walks away from deal with Anadarko

London (CNN Business)Chevron has conceded defeat in the battle for Anadarko Petroleum. The offer from Occidental is worth $76 per share, $59 of which is cash. Chevron had until May 10 to make a counter offer, but it said Thursday that it would let the deadline expire. Chevron said it expects Anadarko to pay a termination fee of $1 billion. Shares in Chevron (CVX) increased 3% in premarket trade. Occidental (OXY) stock dropped 5%. Occidental has been backed by Berkshire Hathaway’s Warren Buffett, who invested $10 billion in the company to help finance its takeover of Anadarko. The interest in Anadarko reflects an intense desire by US oil companies to acquire America’s best shale assets. Occidental is already the No. …

Prince Harry and Meghan Markle reveal Baby Sussex’s name

“This afternoon Their Royal Highnesses introduced Her Majesty The Queen to her eighth great-grandchild at Windsor Castle. The Duke of Edinburgh and The Duchess’ mother were also present for this special occasion.” WHERE PRINCE HARRY AND MEGHAN MARKLE’S ROYAL BABY FALLS IN THE LINE TO THE BRITISH THRONE After Archie Harrison was born on Monday morning, a beaming Prince Harry, 34, told reporters, “The baby is a little bit overdue so we’ve had a little bit of time to think about it. That’s the next bit.” Meghan Markle and Prince Harry’s son made his debut on May 8. The child’s name has yet to be revealed. (Getty) WHO WILL BE THE ROYAL BABY’S GODPARENTS? Duchess Meghan, 37, and Prince Harry, 34, first debuted their son …

Iran firefighters put out blaze at historic bazaar in Tabriz

TEHRAN, Iran – Iranian media say firefighters managed to put out a blaze that erupted at the historic market in the northwestern city of Tabriz. Thursday’s report by the official IRNA news agency says some 16 people were slightly injured in the fire, which erupted around 9 p.m. on Wednesday at the Bazaar of Tabriz, which dates back 1,000 years. IRNA says it took six hours to extinguish the fire. About 150 of the market’s 5,500 shops were damaged.

I’m Indian And Yes, My Family Owns Motels. Here’s What It Was Like To Be Raised In Them.

I remember one of the first times I told my classmates that I lived in a motel. I was about 8 years old and new to the small central Texas town where my parents had taken over at a mom-and-pop motel and was just old enough that my peers understood the gravity of our differences. (That and they had a preconceived notion of glamour that accompanied hotel life, thanks to “Home Alone 2: Lost in New York” and the new Disney show, “The Suite Life of Zack and Cody.”) Instantly, I transformed from the weird brown girl who didn’t eat meat ― basically a sin in Texas ― into the fascinating new character in their small-town drama. The equivalent of a …

Fatal Attraction killer Carolyn Warmus granted parole, may be released from prison in June

Carolyn Warmus, a former New York schoolteacher who was convicted of killing Betty Jeanne Solomon in 1992, has been granted parole and could be released from prison as early as June 10. This photo is from Jan. 22, 1991. (AP) A key witness in the trial was New York City private investigator Vincent Parco, who testified that he had sold Warmus a .25-caliber handgun with a silencer days before the killing. Paul Solomon was initially a prime suspect in the death of his wife due to his “multiple affairs, questionable life insurance policy and a lucrative movie contract,” CBS 2 New York reported. Paul Solomon declined to comment to the Journal News regarding Warmus’ parole. CLICK HERE TO GET THE …

Trump warns presidency is being stolen amid Mueller angst

(CNN)Donald Trump — warning that his presidency is being stolen — sure seems threatened by Robert Mueller — especially considering his declaration that the special counsel handed him “complete and total exoneration.” The President spent months shaping the aftermath of the Russia investigation, so clearly he has no desire to see his narrative contradicted by Mueller breaking his public silence. That’s especially the case since it emerged last week that Mueller wrote to William Barr to register concern about the attorney general’s public presentation of his work — that clearly favored Trump — in a letter to Congress in March. “Despite the tremendous success that I have had as President, including perhaps the greatest ECONOMY and most successful first two …

Woody Allen Reportedly Can’t Get Anyone To Publish His Memoir

Woody Allen, the writer-director now eschewed by most of Hollywood, has been unsuccessfully pitching a memoir to major publishing houses for the last year, a New York Times report found Thursday. According to the report in the Times:  Though the abuse allegations left Allen largely unscathed throughout the last three decades, the rise of the Me Too movement in 2017 gave new life to the longstanding demands for people to stop working with him. sued Amazon Studios for dropping a four-movie deal and defended its decision and said it was based on Allen’s dismissive comments about the Me Too movement.  Anjelica Huston said in an interview with Vulture that she’d work with him again “in a second.”  here.  Download Original …

Bud Light will sell beer in rainbow bottles in June for Pride Month

(CNN)For years, Bud Light was advertised as the “great taste that won’t fill you up and never lets you down.” The company’s support of the LGBT community dates back to the 1980s, said Andy Goeler, vice president of marketing, in a news release. “The way we see it, our beer is for everyone to enjoy,” Goeler said. “With the release of these new bottles, we hope to create something that everyone can feel proud to hold during Pride month.” Pride month is celebrated each June. This year marks the 50th anniversary of the riots at New York’s Stonewall Inn that launched the gay rights movement. “Bud Light stood with the community at a time when many brands did not, and …

Explosion at Illinois factory kills one person, two more presumed dead, officials say

Emergency personnel work at the scene of an explosion at AB Specialty Silicones on Sunset and Northwestern Avenues on the border between Gurnee, Ill., and Waukegan on Saturday. The explosion happened Friday night. (John Starks/Daily Herald via AP) Waukegan Fire Marshal Steven Lenzi said that it was unlikely that the two missing employees survived the explosion. “The conditions are really rough in there,” he said. “There’s a lot of damage. There was a lot of fire throughout.” Lenzi said that rescue efforts were called off and crews wouldn’t resume the search until the remaining parts of the plant are torn down. CLICK HERE TO GET THE FOX NEWS APP Investigators have not determined the cause of the explosion. The factory, which …

I was my husband’s ‘widow in waiting’

“When I talk about my wife, I talk about her as my widow in waiting.” On 23 December 2018, Steve died aged 62 of organ failure, ultimately caused by the medicine he was given as a young man. ‘The wonder drug’ Steve was born in 1956 with a mild form of haemophilia, a genetic condition that prevents blood from clotting properly. He played rugby at school and studied Russian at university where he met his wife, Su Gorman, waiting on a train platform. “He had a massive bruise on his thigh the size of a postcard and it worried me,” she remembers. “Steve was not in the habit of getting treatment, so he said he would get it checked out. …

‘God’s gift’ cricketer jailed for rape

“You thought you were God’s gift to women,” he said. “You did see her at that moment as a piece of meat, not a woman entitled to respect.” ‘Trivialised rape’ Hepburn was found guilty of one count of oral rape and cleared of one rape charge following a retrial at Worcester Crown Court. The woman woke up after a night out on 1 April and wrongly believed she was having sex with Mr Clarke before realising it was actually Hepburn, the trial was told. Hepburn posted rules of the “stat chat” game about many women he and Mr Clarke could have sex with on a WhatsApp group a week before the rape. His bid to collect “as many sexual encounters …

Caster Semenya ruling redefines what it means to be female in sport

(CNN)A landmark ruling concerning one of the most contested issues in sport — gender identity — has sent shockwaves through track and field in setting out new parameters for female athletes. Under the IAAF’s policy, which will now come into effect on May 8, all DSD athletes, who are usually born with testes, would have to reduce their blood testosterone levels to below five nmol/L for a continuous period of at least six months, and maintain those levels continuously for the rest of their athletic career, if they want to compete internationally at middle-distance events. Hyperandrogenism is a medical condition estimated to occur in 5% to 10% of women. An excess of testosterone has been found to increase muscle mass …

Liverpool returns to the top of the Premier League with late winner

(CNN)With a rip-roaring English Premier League title race entering its final week, Liverpool returned to the top of the table with a thrilling victory over Newcastle which ensures the EPL title will be decided on the final day. Follow @cnnsport The visitors were far from their best, twice allowing the lead to slip, and worryingly leading scorer Mo Salah was stretchered off with what looked like a head injury after clashing with Newcastle goalkeeper Martin Dubravka. Klopp later said that the striker needed to be assessed but revealed he did watch the end of the match in the dressing room. Visit CNN.com/Sport for more news, features and videos “What can I say?” said Klopp on Sky Sports. “With the way …