RTNW

March 3, 2014

 

 

 

 

 

 

Sbarro goes bankrupt

The filing would represent the company’s second trip to bankruptcy court in the past three years. Sbarro first sought protection from creditors in April 2011, citing slower sales and higher costs for ingredients such as cheese. As part of its latest efforts to streamline the company, Sbarro announced plans last month to close 155 locations in North America.

Exponent Private Equity purchases Scotch Distillery

The deal sees Exponent Private Equity take control of assets including the Loch Lomond distillery in West Dumbartonshire, the Glen Catrine packaging plant in Ayrshire and the Glen Scotia malt distillery in Campbeltown. Alongside these, Exponent has also taken ownership of the Loch Lomond and Glen Scotia single malt brands, the High Commissioner blended Scotch whisky and Glen’s Vodka.

Apple enters the car

The company confirmed that Ferrari,Mercedes-Benz and Volvo will demonstrate the new technology at this week’s Geneva Auto Show and it expects more than a dozen other major car manufacturers to bring the system to its automobiles in the future.

Berkshire Hathaway’s 2013 Annual Letter

Most of you have never heard of Energy Future Holdings. Consider yourselves lucky; I certainly wish I hadn’t. The company was formed in 2007 to effect a giant leveraged buyout of electric utility assets in Texas. The equity owners put up $8 billion and borrowed a massive amount in addition. About $2 billion of the debt was purchased by Berkshire, pursuant to a decision I made without consulting with Charlie. That was a big mistake.

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