Warren Buffett’s Berkshire Hathaway Inc. disclosed a holding in Verizon Communications Inc. in a wager that the telecommunications company will benefit after buying out its partner in the largest U.S. wireless business. Verizon posted the biggest increase in the Dow Jones Industrial Average.
At the annual gathering of Deutsche Telekom AG investors in Cologne, Germany, questions for Chief Executive Officer Timotheus Hoettges focused on a place 5,000 miles (8,000 kilometers) away: Bellevue near Seattle.
AT&T Inc.’s plan to buy U.S. satellite-TV provider DirecTV to fend off mounting competition at home means the carrier’s aspirations to expand in Europe by purchasing Vodafone Group Plc may be off the table for now.
Goldman Sachs Group Inc. partners Alison Mass and David Dase weren’t buying. The bankers stared skeptically at a glass of brownish liquid as a young man described a new technology for purifying even the filthiest water. The sample was safe to drink, he said, taking a sip.