Berkshire Hathaway's cash reserves reach $325 billion as TGI Friday's files for bankruptcy
Berkshire Hathaway's cash reserves reached a record $325.2 billion in the third quarter, as Warren Buffett continued to avoid major acquisitions and reduced his stake in Apple Inc. by about 25%. TGI Friday's filed for Chapter 11 bankruptcy in Texas on November 2, citing challenges from changing consumer habits and increased competition from fast food chains. India rejected allegations from Canada regarding its Home Minister, calling them "absurd" and "baseless." This comes amid rising tensions between the two countries.