Advertisement
  1. Archive

BEYOND TAMPA BAY

Billionaire Warren Buffett donated stock in his company, Berkshire Hathaway, worth $41.6 million to eight unnamed charities during the second half of 2011. Buffett revealed the donations Wednesday in a year-end update on his stock holdings. These gifts are in addition to Buffett's annual gifts to the Bill & Melinda Gates Foundation and the four Buffett family foundations that are slated to eventually receive most of Buffett's fortune.

* * *

Taco Bell, the Mexican-style fast-food chain that caters to the late-night snacking crowd with tacos and gorditas, introduced a breakfast menu Thursday at almost 800 restaurants in 14 states. If the launch goes well, Taco Bell plans to begin selling its breakfast burritos and hash browns in its 5,600 locations nationwide by 2014. Breakfast has become the most important meal of the day for restaurants, accounting for virtually all of the industry's growth in the past five years.

* * *

Companies bailed outduring the financial crisis still owe U.S. taxpayers nearly $133 billion and some of the money will never be recovered, the acting inspector general for the government's financial bailout said Thursday. Some bailout programs, like the effort to reduce home foreclosures, will last as late as 2017. Among the largest bailed-out companies, American International Group still owes taxpayers about $50 billion, General Motors owes about $25 billion and Ally Financial about $12 billion.

* * *

AT&T said it activated 7.6 million Apple iPhones in the fourth quarter, accounting for one out of every five iPhones sold globally. But AT&T's iPhone dependency comes at a heavy cost. The phone is more expensive than many other smartphones, and AT&T needs to subsidize each iPhone with hundreds of dollars to put it in customers' hands for as little as $1. That helped push AT&T to a quarterly loss of $6.68 billion, compared with net income of $1.09 billion in the same period a year earlier.

* * *

"This is about truth in advertising, and it won't be as deceptive anymore."

CHARLIE LEOCHA, founder of passenger-rights group Consumer Travel Alliance, as published fares on carriers such as Delta and American Airlines appeared to jump by hundreds of dollars Thursday for some flights as a new U.S. rule forced disclosure of mandatory taxes and fees in quoted prices

* * *

$382.1M

FISCAL FIRST-QUARTER profit for Starbucks, up 10 percent from a year earlier, as the coffee company added stores, customers and new products

* * *

THE BOTTOM LINE: United Continental Holdings, parent company of United and Continental airlines, cut fourth-quarter loss to $138 million from $325 million a year earlier ... Amgen to buy Micromet Inc., a developer of cancer therapies, for $1.16 billion ...Bankrupt Hostess Brands asks judge to slash some of its commitments to union employees, saying it's the only way it can emerge as a viable company

YOU MIGHT ALSO LIKE

Advertisement
Advertisement