Nvidia to take Intel’s spot on Dow Jones Industrial Average

By Arsheeya Bajwa (Reuters) -Intel will be replaced by Nvidia on the blue-chip Dow Jones Industrial Average index after a 25-year run, underscoring the shift in the chipmaking market and marking another setback for the struggling semiconductor firm. Nvidia will join the index next week along with paint-maker Sherwin-Williams , which will replace Dow, S&P…

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Berkshire’s cash soars to $325 billion as Buffett sells Apple, BofA; operating profit falls

By Jonathan Stempel (Reuters) -Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, further slashing holdings in Apple and boosting cash to a record $325.2 billion. In its quarterly report on Saturday, Berkshire said it sold about 100 million, or 25%, of its Apple shares over the summer, ending with…

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