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Buffett’s Delta purchases put him above 10% in error

Bloomberg Warren Buffett said Berkshire Hathaway Inc’s investment in Delta Air Lines Inc rose above his comfort threshold by mistake. The stake climbed when Delta bought back its own stock and Berkshire increased its holdings, according to regulatory filings this month. “What I didn’t realise was that that purchase had taken us over 10 percent,” Buffett said in an interview ...

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Kellogg to sell Keebler, other brands to Italy’s Ferrero for $1.3b

Bloomberg Kellogg Co agreed to sell its cookies and fruit snack brands including Keebler and Famous Amos to Ferrero SpA for $1.3 billion, as the cereal maker refocusses on the fast-growing parts of its business. The businesses generated sales of about $900 million in 2018, the companies said. The all-cash transaction is expected to close by the end of July. ...

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Apollo targets $1bn for aircraft-finance fund

Bloomberg Apollo Global Management LLC is seeking to raise as much as $1 billion for a new aircraft-finance fund. The fund, expected to launch this year, would make various aviation investments and have a nine-year term, according to a person with knowledge of the matter, who asked not to be identified because the information isn’t public. Charles V. Zehren, a ...

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