Buffett likely to finally address pandemic at Berkshire Hathaway meeting

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(Reuters) – Berkshire Hathaway Inc’s (BRKa.N) annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus pandemic, and the investment opportunities it offers.

FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett (L) and Vice Chairman Charlie Munger arrive to begin the company’s annual meeting in Omaha May 4, 2013. REUTERS/Rick Wilking

The meeting and surrounding festivities that Buffett calls “Woodstock for Capitalists” normally draw more than 40,000 people to Omaha, Nebraska to see and hear one of the world’s

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Facebook could address some U.S. antitrust concerns with new photo transfer tool

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WASHINGTON (Reuters) – Facebook Inc (FB.O) will allow users in the United States and Canada to transfer photos and videos to a rival tech platform for the first time – a step that could assuage antitrust concerns by giving users an option to easily leave the company’s services, the social media network said on Thursday.

FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic

The tool lets Facebook users transfer data stored on its servers directly to another photo storage service, in this case Google Photos

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Boeing making new 737 MAX software updates to address computer issue

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WASHINGTON (Reuters) – Boeing Co (BA.N) said late on Tuesday it will make two new software updates to the 737 MAX’s flight control computer as it works to win regulatory approval to resume flights after the jet was grounded following two fatal crashes in five months.

FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. REUTERS/Lindsey Wasson/File Photo

The planemaker confirmed to Reuters that one issue involves hypothetical faults in the flight control computer microprocessor, which could potentially lead to a loss of

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Congress must do more to address serious retail crisis

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Many U.S. retailers are facing a financial shock from the coronavirus that has yet to be fully addressed by Washington lawmakers, L.L.Bean CEO Stephen Smith said Monday. 

“I think it’s a really serious situation, and I actually don’t think it’s getting enough attention,” Smith told CNBC’s Courtney Reagan on “Power Lunch.” 

Smith said his concern was concentrated around “middle market retail” — not companies selling essential goods like groceries or small mom-and-pop stores.

He said essential retailers were holding up amid the coronavirus pandemic, while retailers with less than 500 employees are eligible for the small business loans in the

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