Derek Friesen thought he would be following in his father’s footsteps when he became the third generation of his family to work at H.J. Heinz Co.’s tomato processing plant in his hometown of Leamington, Ontario.
U.S. stocks rose a second week, sending the Standard & Poor’s 500 Index to a record, as better- than-forecast data on hiring and manufacturing fueled optimism in the economy and overshadowed concern on Ukraine.
A push by Warren Buffett’s railroad to boost oil-shipment safety is meeting resistance from Hess Corp. and other companies that say the plan would mean a surge in costs and force them to scrap thousands of tank cars.
Berkshire Hathaway Inc. posted its biggest weekly gain in 14 months after Chairman Warren Buffett told investors that the true value of his company has been rising faster than accounting metrics suggest.
Bank of America Corp. urged investors to approve new terms on Berkshire Hathaway Inc.’s preferred stock stake, saying a rejection could push the lender to issue new securities that would dilute profits.