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- Warren Buffett’s Berkshire Hathaway strikes $10 billion deal with Dominion Energy for natural gas assets Warren Buffett’s Berkshire Hathaway struck a $10 billion deal to buy Dominion Energy’s natural gas transmission and storage business. Berkshire’s energy unit will pay about $4 billion in cash and shoulder $5.7 billion in existing debt in exchange for over 7,700 miles of pipelines, 900 billion cubic feet of storage, and other assets. “We are very proud to be adding such a great portfolio of natural gas assets to our already strong energy business,” Buffett said in a press release on Sunday. The deal is Berkshire’s biggest since its takeover of Precision Castparts in 2016, and comes after Buffett was…
- Crowd rallies to keep Confederate memorial in downtown St. Augustine Hundreds gathered at the Plaza de la Constitucion on Sunday to try and save the Oldest City’s Confederate memorial. They carried American and Confederate flags and marched around the monument, now behind a construction fence. Last month, St. Augustine’s City Commission voted 3-2 to have the monument removed. A study is underway to study how a stone that’s over a century old can be safely moved. Ginger DuPont added her American flag to the fence that now surrounds the memorial. “I know that there are people that share differences of opinion about it,” DuPont said. “I’ve never felt that way…
- Firefighter injured in Gresham blaze Firefighters work to put out a blaze July 5, 2020, in the 8700 block of South Bishop Avenue. | Chicago Fire Department One firefighter was taken to a local hospital with a “heat related issue,” according to fire officials. Their condition was stabilized. A firefighter was injured Sunday in a blaze at a home in Gresham on the South Side. Crews were working to put the fire out about 10:45 p.m. at the home in the 8700 block of South Bishop Street, the fire department tweeted. One firefighter was taken to a local hospital with a “heat related issue,” according…
- The World Bank abandoned plans to launch a fresh set of pandemic bonds for developing countries after widespread criticism The World Bank has scrapped plans to issue a second set of pandemic bonds for the relief of developing nations suffering from the COVID-19 outbreak, according to the Financial Times. When the coronavirus began to spread around the world in April this year, the bank triggered roughly $133 million in aid to developing nations battered by the outbreak. But its efforts have been met with criticism on grounds that the amount pales in comparison to what is actually needed to limit contagion. The World Bank has previously called these specialized bonds one of its critical tools to facilitate financial lending.…
- Warren Buffett's Berkshire Hathaway strikes $10 billion deal with Dominion Energy for natural gas assets Warren Buffett's Berkshire Hathaway struck a $10 billion deal to buy Dominion Energy's natural gas transmission and storage business. Berkshire's energy unit will pay about $4 billion in cash and shoulder $5.7 billion in existing debt in exchange for over 7,700 miles of pipelines, 900 billion cubic feet of storage, and other assets. "We are very proud to be adding such a great portfolio of natural gas assets to our already strong energy business," Buffett said in a press release on Sunday. The deal is Berkshire's biggest since its takeover of Precision Castparts in 2016, and comes after Buffett was…