Hertz Global Holdings Inc. said late Friday that Chief Financial Officer Jamere Jackson has resigned “to pursue a new opportunity.” Jackson will stay with Hertz until Sept. 11 to assist in the transition, the car-rental company said. Hertz said it promoted R. Eric Esper to CFO and executive VP of finance, and Kenny K. Cheung

Warren Buffett’s Berkshire Hathaway Inc. unloaded more than a quarter of its stake in Wells Fargo & Co. and about 61% of its position in JPMorgan Chase , while acquiring a new position in Barrick Gold Corp. , according to 13F filings with the Securities and Exchange Commission for the period ended Jun 30, that

Billionaire George Soros showed interest in big banks and cloud-computing companies in the second quarter, according to a filing with the Securities and Exchange Commission. In the quarter ended June 30, Soros Fund Management added a new 1.2 million-share position in Bank of America Corp. , a new 515,000-share position in Citigroup Inc. , a

David Tepper’s fund Appaloosa took a number of new stakes in mostly communication services, technology an payment platforms over the past 45-day period, according to regulatory filings submitted to the Securities and Exchange Commission on Friday, known as 13Fs. Appaloosa acquired more than 9 million shares in AT&T worth $274 million, but also picked up

Guess Inc. said late Friday that co-founder and non-executive Board Chairman Maurice Marciano was stepping down from board duties after recently being injured in a bicycle accident near his home in California. Paul Marciano, Guess’ chief creative officer and brother of Maurice Marciano, said in a statement that Maurice Marciano will be in rehabilitation and

Warren Buffett’s Berkshire Hathaway Inc. unloaded a more than a quarter of its stake in Wells Fargo & Co. and about 61% of its position in JPMorgan Chase , while acquiring a new position in Barrick Gold Corp. , according to 13F filings with the Securities and Exchange Commission for the period ended Jun 30,

U.S. stocks closed lower Friday and booked weekly gains, but trading to end in mid August suggests that it may be tough sledding ahead for investors hoping to find further gains, with the S&P 500 within a striking distance of its record close, as stimulus talks are all but dead and data point to a

Federal prosecutors have started a criminal investigation into whether a senior NASA official improperly shared information about a lunar-lander project with a senior executive at Boeing Co. , which then acted on his guidance, The Wall Street Journal reported Friday, citing people familiar with the investigation. A grand-jury investigation, led by the U.S. attorney’s office

Facebook Inc. on Friday announced a new feature for paid online events for small businesses, creators, educators, and publishers via the social-networking giant’s platform. Called Now Pages, it allows for the creation of an online event, setting prices, promoting the event, and collecting payment for hosts of the event. The feature is part of a

S&P Global Ratings is now a little more upbeat on Southwest Airlines Co.’s credit, even though the rating agency still has a negative view, saying its assessment of the air carrier’s risk profile amid the COVID-19 pandemic was revised to “modest” from “intermediate.” S&P affirmed Southwest’s BBB credit rating, which is two notches above speculative