Financial Wealth Daily

US appeals court keeps bar on Los Angeles federal immigration arrests

(Reuters) -A federal appeals court late on Friday affirmed a lower court’s decision temporarily barring U.S. government agents from making immigration-related arrests in Los Angeles without probable cause. Rejecting the Trump administration’s request to pause the lower court’s order, the three-judge appeals panel ruled that the plaintiffs would likely be able to prove that federal…

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Berkshire takes $3.8 billion Kraft Heinz write-down, operating profit falls

By Jonathan Stempel (Reuters) -Warren Buffett’s Berkshire Hathaway said on Saturday it took a $3.76 billion write-down on its stake in Kraft Heinz during the second quarter, an acknowledgment the decade-old investment hasn’t worked out. Berkshire also reported a 4% decline in quarterly operating profit as insurance underwriting premiums fell. The write-down and lower gains…

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