Buffett warns of public pension 'tapeworm,' Bloomberg reports Berkshire Hathaway's Warren Buffett says public pension plans threaten the financial health of U.S. cities and states to a greater degree than taxpayers realize, reports Bloomberg. In his annual report to Berkshire shareholders, he wrote: “Citizens and public officials typically under-appreciated the gigantic financial tapeworm that was born when promises were made.” Reference Link
Agilent will will no longer include orders in financial reporting Agilent Technologies announced it will no longer report orders in its periodic filings with the SEC or its quarterly earnings press releases, effective immediately. This change reflects feedback from several of the company's largest shareholders, and was also driven by the fact that Agilent was the only company among its peers to report orders. The other financial metrics included in the company's reporting provide comprehensive detail about Agilent's performance.