Category: Business News

TikTok Deal Talks Are Snarled Over Fate of App’s Algorithms

TikTok Deal Talks Are Snarled Over Fate of App’s Algorithms

Deal talks for TikTok’s U.S. operations have hit a snag over the question of whether the app’s core algorithms can be included as part of a deal, according to people familiar with the matter. The algorithms, which determine the videos served to users and are seen as TikTok’s secret sauce, were considered part of the…

Amazon Gets U.S. Approval for Drone Fleet, a Package-Delivery Milestone

Amazon Gets U.S. Approval for Drone Fleet, a Package-Delivery Milestone

Amazon.com Inc. said Monday it received federal approval to establish a fleet of drones and will begin limited tests of package deliveries to customers in the U.S., although a number of key steps remain before widespread use of the technology will be allowed. The approval from the Federal Aviation Administration is a milestone in Amazon’s…

Berkshire Hathaway Buys Stakes in Five Japanese Trading Companies

Berkshire Hathaway Buys Stakes in Five Japanese Trading Companies

Warren Buffett’s Berkshire Hathaway Inc. took stakes of slightly more than 5% in five of Japan’s most venerable corporate names with big investments in energy. Berkshire disclosed the investments in Mitsubishi Corp., Mitsui & Co., Sumitomo Corp., Itochu Corp. and Marubeni Corp. just before the Tokyo stock market opened Monday. Shares…