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Showing posts from September, 2020

Snowflake IPO, Away Luggage, Reliance Retail, Home Depot... (Business Brief 10th Sep. 2020)

Warren Buffett's Berkshire Hathaway to Buy Snowflake IPO   Business Insider reports that Warren Buffett's Berkshire Hathaway intends to invest approximately $570 million in Snowflake (a cloud-data platform), when it goes public.   Away's Popular Luggage on Sale for the First Time   USA Today reported on Away luggage’s first-ever sale that is currently happening. Discounts of up to 50% are available on select items.   Reliance Retail Offers $20 Billion Stake in Retail Business to Amazon   Bloomberg reports that Indian billionaire Mukesh Ambani’s company, Reliance Industries Ltd., is offering a $20 billion stake in the company’s retail business to Amazon.com Inc. Reliance is willing to sell as much as a 40% stake in the retail unit.   Home Depot Will Cancel Black Friday   CNN reports that Home Depot, the home improvement retailer, will take a different approach to the yearly Black Friday’s one-day deep discounts bonanza. Instead of the single