JP Morgan boss says Buffett represents ‘everything good about American capitalism and America itself’

Leading figures in the business world have lined up to pay tribute to Warren Buffett after the 94-year-old announced he would retire as chief executive of Berkshire Hathaway and hand over the reins to his vice-chair, Greg Abel.

Buffett shocked an arena full of shareholders over the weekend when he announced he would step down as the CEO and chair of the trillion-dollar conglomerate at the end of this year.

Such a takeover would be one of biggest deals ever in oil and gas industry

Shell is talking to advisers about the potential for a takeover of the rival oil producer BP, according to reports.

The oil company has been discussing the feasibility and merits of a takeover of BP with its advisers in recent weeks, according to a report from Bloomberg, which cited people familiar with the matter.

Company’s founder plans to offload up to 25m shares through a trading plan

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Jeff Bezos is preparing to sell up to $4.75bn (£3.6bn) worth of Amazon stock over the next year, according to a regulatory filing made on Friday.

The technology company’s executive chair and former chief executive plans to offload up to 25m shares through a trading plan that ends on 29 May 2026.

Wall Street Journal article saying headhunters were contacted is ‘absolutely false’, says company chair

Tesla has denied a report that its board sought to replace Elon Musk as its chief executive amid a backlash against his rightwing politics and declining car sales.

Robyn Denholm, the chair of the board at the electric carmaker, said in a statement on Tesla’s social media account on X: “Earlier today, there was a media report erroneously claiming that the Tesla Board had contacted recruitment firms to initiate a CEO search at the company.