Warren Buffett adds Kroger to his investing shopping cart

New York (CNN Business)Warren Buffett’s Berkshire Hathaway disclosed a new stake in Kroger after the closing bell Friday. Shares of the nation’s largest supermarket surged 6% on the news. Berkshire is a major investor in troubled Kraft Heinz (KHC) and also owns large stakes in Coca-Cola (KO) and Oreo maker Mondelez (MDLZ). Berkshire is also the parent of See’s Candies, Dairy Queen and the Pampered Chef brand of cookware. Berkshire recently made a bet on high end furniture company RH (RH), the firm formerly known as Restoration Hardware. It disclosed that stake in November and added to the position in the last three months of 2019. The company also disclosed a new stake in biotech firm Biogen during the fourth …

Cabinet reshuffle: Who is in Boris Johnson’s new cabinet?

Boris Johnson's cabinet Boris Johnson Prime Minister @BorisJohnson Boris Johnson’s election win in December secured him the largest Tory majority in Parliament since 1987. While his election campaign promised to “get Brexit done”, Mr Johnson has said his “one nation government” will also “massively increase investment in the NHS”. Mr Johnson succeeded Theresa May as prime minister in July, having served as foreign secretary since 2016 in what was only his first cabinet post. His views on how to deliver Brexit brought him into conflict with Mrs May, and led to his resignation in 2018. Priti Patel Home Secretary @patel4witham Priti Patel was appointed home secretary in Boris Johnson’s first cabinet and has kept her position since then. A prominent …

Global economic growth will take big hit due to loss of nature

Damage to environment could wipe 368bn a year from growth by 2050 and UK will be hard hit, WWF warns should areas like the Antarctic deteriorate at a faster pace, causing greater warming and higher-than-forecast sea levels across the world. coastal protection, water supplies and stored carbon. Global food prices are also likely to increase as the agriculture sector is hit by the loss of nature, with prices rising by an estimated 8% for timber, 6% for cotton, 4% for oil seeds and 3% for fruit and vegetables by 2050. Karen Ellis, director of sustainable economy at WWF, told the Guardian that the estimates were very conservative and governments should expect the impact of Worst-affected countries in terms of loss …

Global economic growth will take big hit due to loss of nature

Damage to environment could wipe 368bn a year from growth by 2050 and UK will be hard hit, WWF warns should areas like the Antarctic deteriorate at a faster pace, causing greater warming and higher-than-forecast sea levels across the world. coastal protection, water supplies and stored carbon. Global food prices are also likely to increase as the agriculture sector is hit by the loss of nature, with prices rising by an estimated 8% for timber, 6% for cotton, 4% for oil seeds and 3% for fruit and vegetables by 2050. Karen Ellis, director of sustainable economy at WWF, told the Guardian that the estimates were very conservative and governments should expect the impact of Worst-affected countries in terms of loss …

The BBC is nearly 100 years old. Will it survive the next decade?

London (CNN Business)Britain’s public service broadcaster has been at the heart of media in the United Kingdom and many parts of the world for the best part of a century. Now it’s facing a brutal fight for survival. “The BBC is a great national asset; a diminished BBC is a weakened United Kingdom,” he said during a speech at the BBC’s offices near Manchester. A fight over funding The license fee review comes after a bruising election campaign in which both main political parties bashed the BBC’s journalism, and amid a souring relationship between Prime Minister Johnson and the media generally. Piling on the pressure: starting this year, the BBC will have to cover the estimated £250 million ($324 million) …

Tory MPs warn No 10 against conflict with BBC

“This is not a fight the BBC is picking nor a contest my party promised if we got elected,” he wrote in the Daily Telegraph. “If the BBC ends up in decline, it will be the government which will be accused by the very people we will rely on for support at the next election.” TV licence fee consultation opens BBC chairman warns over subscription fee What is the TV licence? Asked about the government’s plans at a press briefing on Monday, a No 10 spokesman said individual services were a matter for the BBC but the PM was on the record as saying the future of licence fee needed “looking at”. During the election campaign Boris Johnson questioned whether …

Face masks are must-have accessory of London fashion week amid coronavirus panic

A model wearing a Pitta Mask walks the runway for The Blonds during New York Fashion Week: The Shows at Gallery I at Spring Studios on February 09, 2020 in New York City. (Photo by Roy Rochlin/Getty Images for NYFW: The Shows) ROMPHIM MENSWEAR COMPANY GOES OUT OF BUSINESS AFTER GOING VIRAL But these aren’t your ordinary face masks of the surgical hospital variety. The fashion flock is putting their own spin on the accessory with adornments to show off a bit of personality. One attendee outside the British Fashion Council (BFC) Show Space show wore one decorated with arrows, while a pair of women donned pastel-hued versions. The BFC expects attendance at London fashion week to go down this …

Lauren Graham to star in ‘Mighty Ducks’ series for Disney+

(CNN)Lauren Graham is hitting the ice for Disney+. Graham, also known for her role on “Parenthood” and currently starring on “Zoey’s Extraordinary Playlist,” will be a co-executive producer on the show. The show will be filmed in Vancouver and premiere later this year on Disney+. “The Mighty Ducks” will be produced by ABC Signature Studios, which is part of Disney Television Studios. The films on which it is based were released in 1992, 1994 and 1996 and starred Emilio Estevez. Original Article : HERE ;

Hundreds warned over coronavirus after bus event

She said on Twitter she was “feeling completely well” but to be “extra-cautious” she was cancelling her public engagements for two weeks from the date of the conference, in line with advice from Public Health England (PHE). Her colleague Alex Sobel, MP for Leeds North West, told BBC News he only found out through a journalist about the positive test and was “concerned” other attendees may still be unaware. Mr Sobel, who said he was not exhibiting any symptoms, called the NHS non-emergency 111 phone line to be “formally assessed” and has been “established as low risk”. He said he spent Friday afternoon in a room in his office away from staff but, after receiving the advice from 111, will …

Jeff Bezos buys lavish Beverly Hills estate for record $165m report

Amazon founder purchases nine-acre estate once owned by Warner Bros president, Wall Street Journal says Jeff Bezos has set a new property price record in Los Angeles with the purchase of a $165m Beverly Hills estate, reportedly with the wood floor that Napoleon was standing on when he proposed to Josephine. reportedly declined a $25m offer for the estate after he died in 1978, saying she would live there until she died. In 1990, Geffen went on to break national records when he purchased the estate for $47.5m and auctioned off about $11m of the mansions furnishings, which he thought too musty and museum-like, a $131bn net worth, had been house-hunting in the Beverly Hills and Bel Air area with …

Old nuclear site could pioneer mini-reactor

Media playback is unsupported on your device Media captionCould a new nuclear power site come to Wales? There is a “pretty high probability” that Trawsfynydd could be the site of the UK’s first small nuclear power station, says the company hoping to build it. Engineering giant Rolls-Royce wants to build a network of mini-reactors, a third of the size of current stations. It hopes to strike a deal with the UK government within the next year. But it says the site of the old Gwynedd reactor ticks all the boxes to pioneer the technology. If it goes ahead it would also be one of the first small modular reactors (SMRs) in the world. Image copyright Rolls-Royce Image caption Rolls-Royce said …

Caroline Flack, former presenter of Love Island, dies aged 40

Host, who left her job last year, reported to have been found at her home in London Caroline Flack, the TV presenter, has died at the age of 40, days before she was due to face trial for assaulting her boyfriend. The former host of ITV2s Love Island is reported to have been discovered at her home in London on Saturday. On Friday, her boyfriend Lewis Burton attempted to contact her. She had been forbidden by a judge from communicating with Burton before the trial, which was due to begin on 4 March. A statement from her family said: We can confirm that our Caroline passed away today, 15 February. We would ask that the press respect the privacy of …

SNP calls for scrutiny after government reshuffle

Sajid Javid quits as chancellor Johnson chooses power over personnel Shock resignation means test for new chancellor In a letter to the clerk of the committee, Mr Blackford wrote: “It is substantially in the public interest to summon those involved in designing these changes – we should know their purpose and intent. “Dominic Cummings… has been widely reported as the main catalyst for these alterations and so it’s right that he is the first to be summoned and required to answer questions on this matter.” In his letter, Mr Blackford said: “It is crucial that key appointed officials, responsible to the prime minister, are compelled to give evidence on these changes – in full, in detail and in public. “I …

FC Cincinnati coach is under investigation by MLS for ‘extremely inappropriate comments’

(CNN)FC Cincinnati coach Ron Jans is stepping away from the club as Major League Soccer investigates allegations that he made “extremely inappropriate comments.” The team is currently in Florida for the team’s preseason camp and is preparing for a preseason game this Sunday against Nashville FC. The team’s regular season opener is against the New York City Red Bulls on March 1 and it’s unclear if Jans will be back with the team. “When club leadership was made aware of the allegation, we were very surprised as building a caring and committed culture has been a focus of Ron’s leadership,” FC Cincinnati said in a statement. “We want to fully understand the nature of the incident and allow for an …

Bloomberg argues he’s a ‘champion’ for women in the workplace amid scrutiny of past alleged sexist comments

Washington (CNN)Democratic presidential candidate Michael Bloomberg on Saturday vowed to “always be a champion” for women in the workplace as new details emerged about his alleged previous comments regarding females at the company he co-founded and owns. “Virtually all of this has been reported over the past two decades. In any large organization, there are going to be complaints — but Mike simply does not tolerate any kind of discrimination or harassment, and he’s created cultures that are all about equality and inclusion,” a spokesperson for the Bloomberg campaign said in a statement provided to CNN. In 1997, a former sales executive, Sekiko Sakai Garrison, sued Bloomberg and his company, alleging that its male managers and employees “engaged in a …

Bed Bath & Beyond’s turnaround isn’t working yet. Shares are down 25%

New York (CNN Business)Bed Bath & Beyond’s stock tanked Wednesday after the company said holiday sales fell short of its expectations and that it was having trouble stabilizing the business. The company has struggled over the past several years against Amazon (AMZN), direct-to-consumer brands online and big-box chains like Target (TGT). Tritton, a veteran retail executive who was previously Target’s chief merchant, joined Bed Bath & Beyond as CEO in November. The move was viewed positively on Wall Street. Since then, Tritton has overhauled his executive team. He is expected to announce a new strategy for Bed Bath & Beyond in the spring. Tritton said Tuesday that the company was beginning to make “bold and broad-based changes to modernize our …