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Ukrainian President Volodymyr Zelensky will meet with French President Emmanuel Macron in Paris on Monday.On November 29, the Israel Defense Forces (IDF) announced that it had designated a suburb of Bethlehem in the West Bank as a "closed military zone." This followed a violent attack by Israeli settlers that injured several Palestinians. The IDF stated that it received reports of "violent clashes" between Israelis and Palestinians, with both sides throwing stones at each other, and reports of gunfire directed at Palestinians. IDF troops and police were deployed to the scene, using riot control to disperse the crowd and declaring the area a "closed military zone." Several Israelis were injured in the incident but refused medical treatment. Israeli police have launched an investigation.Kuwait Aviation Authority: Kuwait Airways has completed all technical system updates for its Airbus A320 aircraft.On November 29th, the Wall Street Journal reported that last month in Miami Beach, three powerful businessmen—two Americans and one Russian—huddled around a laptop, ostensibly to draft a plan to end the Russia-Ukraine conflict. But according to sources, their project extended far beyond that. Privately, they were devising a path to reintegrate Russias $2 trillion economy into the international arena and allow American companies to reap the benefits before their European competitors. In the mansion, billionaire developer and current U.S. envoy, Witkov, was hosting Dmitriev, head of Russias sovereign wealth fund and Putins handpicked negotiator. Dmitriev practically dominated the drafting and revision of the document on the screen. Trumps son-in-law, Kushner, also arrived from his residence. Dmitrievs plan involved American companies utilizing approximately $300 billion in Russian central bank assets frozen in Europe for joint U.S.-Russian investment projects and a U.S.-led reconstruction effort in Ukraine. American and Russian companies could also collaborate on developing the Arctics rich mineral resources.American Airlines: As of 7 a.m. Central Time, the team has made significant progress in resolving the Airbus software issue, with 4 of the 209 affected aircraft still awaiting the update.

HP Surges to A Record 14.8 Percent on Buffett's Disclosure of A $4.2 Billion Investment

Charlie Brooks

Apr 08, 2022 10:00

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HP shares finished at $40.06, up $5.15, or 14.8 percent, from an earlier high of $41.46.


Stock prices often jump when Berkshire reveals new investments, which is seen as a seal of approval from Buffett.


Berkshire does not invest in technological businesses on a regular basis, despite holding a $161.2 billion position in Apple Inc. at the end of 2021. (NASDAQ:AAPL). Buffett views Apple as a more consumer-oriented firm.


"Berkshire Hathaway is a globally renowned investor, and we are pleased to welcome them as an investor," HP stated in a statement.


HP, which was spun out from the previous Hewlett-Packard in 2015, is benefitting from growing demand as more individuals work and educate themselves from home.


The Palo Alto, California-based corporation agreed to acquire Poly, formerly known as Plantronics (NYSE:POLY), for $1.7 billion last month.


Buffett has struggled to invest Berkshire Hathaway's capital, which reached $146.7 billion at the conclusion of the fiscal year, citing high valuations and competition from private equity and other investors.


However, the Omaha, Nebraska-based conglomerate said last month that it had committed nearly $22 billion to significant new investments.


These acquisitions include a 14.6 percent interest in Occidental Petroleum Corp (NYSE:OXY) and a $11.6 billion acquisition of insurer Alleghany (NYSE:Y) Corp, Berkshire's biggest since 2016.


Additionally, Berkshire owns a number of enterprises, including Geico car insurance and the BNSF railroad.


It did not reply to demands for comment immediately.


HP may appeal to Berkshire, according to Morningstar analyst Mark Cash, because the company is aggressively returning capital to shareholders through stock buybacks and increased dividends.


"HP plays in areas where (durably) accelerating growth is difficult, so concentrating on margins and returns is the best approach to reward shareholders," Cash said. "Within technology, HP is a bargain play."


In 2021, Berkshire Hathaway repurchased $27 billion of its own shares.



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