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jonathan stempel

Jonathan Stempel

 Buffett, 84, still owns 18.8 per cent of Berkshire's stock. Forbes magazine on Monday estimated that would give him a net worth exceeding $64 billion, ranking fourth worldwide. (Photo: Reuters)

Warren Buffett donates record $2.84 billion to Gates Foundation, family charities

by Jonathan Stempel |Jul 7, 2015

The 10th annual donation, Buffett's largest, comprised 20.64 million Class "B" shares of Berkshire, and increased Buffett's total contributions to the charities to more than $21.5 billion.

Photo: Reuters

TCS faces lawsuit for bias toward workers of South Asian descent in US

by Jonathan Stempel |Apr 16, 2015

Despite claiming to have been in the industry since 1996, Steven Heldt said Tata saddled him with "menial" or no substantive work as it shuffled him between several jobs, ending with the Californi...

Former Goldman Sachs Director Rajat Gupta (Photo: Reuters)

Rajaratnam, Rajat Gupta seek to void insider trading penalties

by Jonathan Stempel |Mar 10, 2015

Rajaratnam, who is serving an 11-year prison term, is trying to void a $92.8 million penalty while Gupta wants to throw out his criminal conviction.

Duracell gives Berkshire Hathaway CEO Warren Buffett a familiar name to add to his company's stable of more than 80 businesses. (Photo: Reuters)

Warren Buffett's Berkshire Hathaway buys P&G's Duracell battery unit

by Jonathan Stempel |Nov 14, 2014

The transaction announced on Thursday helps P&G Chief Executive AG Lafley streamline his company by shedding slow-growing brands.

Pfizer, Ranbaxy win dismissal of lawsuit over generic Lipitor

by Jonathan Stempel |Sep 13, 2014

U.S. District Judge Peter Sheridan in Trenton, New Jersey, ruled that the plaintiffs, retailers and distribution companies that bought Lipitor directly from Pfizer, failed to plead their case with...

(File Photo: Reuters)

US judge dismisses case against Twitter alleging pre-IPO fraud

by Jonathan Stempel |Apr 22, 2014

Filed one week before Twitter went public, the $124 million lawsuit accused the company of using GSV as its agent to arrange the aborted offering as a means to raise more money in its eagerly awaited ...

PwC office in Hyderabad. Photo: Reuters

PwC is sued for $1 billion over MF Global collapse

by Nate Raymond |Mar 29, 2014

According to a complaint filed in U.S. District Court in Manhattan, PwC committed professional malpractice by offering "flatly erroneous" advice concerning, and approval of, the off-balance-sheet ...

Former Goldman Sachs Group director Rajat Gupta. PHOTO: AP

Rajat Gupta's appeal on insider trading conviction rejected

by Jonathan Stempel |Mar 26, 2014

Gupta was appealing his June 2012 conviction, prison term and $5 million fine for feeding tips from Goldman board meetings in the second half of 2008 to Galleon Group hedge fund founder Raj Rajaratnam...