Buffett Reverses Course With $342M Newspaper Bet

Dec. 11 (Bloomberg) -- Bloomberg's Scarlet Fu reports that billionaire Warren Buffett has spent $342 million purchasing 81 newspapers following his comments of three years ago stating newspapers were a dying medium. She speaks on Bloomberg Television's "Bloomberg Surveillance."
Lower for Longer Being Priced In to Oil Market: Wilson
11:42 - Andrew Wilson, chief executive officer for EMEA at Goldman Sachs, and Bloomberg's Javier Blas discuss Shell's second-quarter results as the company announces 6,500 job cuts while reaffirming its dividend commitment and examine how lower prices are impacting the oil industry. They speak on "On The Move." (Source: Bloomberg)
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  • Shell to Cut 6,500 Jobs, Reduce Investment by $7B