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Warren Buffett defends 3G, Clayton Homes as Berkshire profit grows

2016-02-27 18:05:06| Food - Topix.net

Warren Buffett on Saturday launched vigorous defenses of a private equity firm and a mobile home unit that critics say employ controversial business practices antithetical to Buffett's own at Berkshire Hathaway Inc ( In his widely-read annual letter to Berkshire shareholders, Buffett said he would do more deals with 3G Capital, a Brazilian firm with which Berkshire owns a majority of Kraft Heinz Co ( Buffett also devoted more than 1,200 words in his roughly 18,000-word letter to defending Berkshire's Clayton Homes unit, after articles in the Seattle Times accused the nation's largest mobile home builder of predatory lending and exploiting black and Latino borrowers.

Tags: homes profit warren grows

Pernod Ricard defends Absolut as Svedka said to top US volumes

2016-02-25 15:19:00| Daily beverage news and comment - from just-drinks.com

Pernod Ricard has said Absolut vodka remains the US's biggest selling imported vodka by value after a report claimed Constellation Brands' Svedka now has higher case volumes.

Tags: us top volumes absolut

BMW Defends Its U.S. Sales Crown by Paying Dealers to Buy Loaners

2016-02-18 20:39:22| Auto Dealers - Topix.net

BMW wielded an unlikely tool to hold onto its crown in the U.S. luxury-car market last year: the loaner. The German automaker narrowly outsold Mercedes-Benz and Lexus, and its success hinged partly on some deal-making in the showroom.

Tags: buy sales paying bmw

M&S defends position over Asia living wage

2016-02-15 14:09:00| Daily apparel & textile news and comment - from just-style.com

Marks & Spencer has defended its position over a report by a labour campaign group that claims workers making the UK retailer's clothes in some Asian countries are not being paid a living wage, despite a promise to do so.

Tags: position living asia wage