Latest News for Tower One Wireless Stock (OTC:TOWTF)

Tower One Wireless Corp is a Canada-based company which is a tower owner, operator, and developer of multitenant communications structures. Its primary business is the leasing of space on communications sites to mobile network operators. The company's geographical segments include Argentina; Colombia; Mexico; the United States of America and others. It derives a majority of revenue from Colombia. Tower-related services include site acquisition, zoning and permitting, structural analysis, and construction which primarily supports the company's site leasing business, including the addition of new tenants and equipment on its sites.

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TOWER ONE WIRELESS CORP by Tower One Wireless Corp

Tower One Wireless Corp

HomeServices of America, the real estate firm owned by Warren Buffett, has agreed to pay $250 million to settle a nationwide antitrust lawsuit. The settlement could potentially transform <a href="https://www.benzinga.com/news/24/02/37193641/warren-buffetts-empire-nears-trillion-dollar-club-as-class-a-shares-hit-above-600-000">the way real estate agents are compensated.</a>
What Happened: According to&nbsp;a <a href="http://nypost.com/2024/04/26/business/warren-buffetts-real-estate-firm-paying-250m-to-settle-antitrust-suit-over-commissions/">report </a>by the New York Post, HomeServices of America, a subsidiary of Berkshire Hathaway (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brk-a#NYSE">BRK-A</a>), was the last defendant in a case against the National Association of Realtors (NAR) and four brokerages.
After a jury verdict in Kansas City, Missouri, in October, the settlement aims to preempt a potentially larger payout. The verdict sided with home sellers who alleged that the industry had artificially inflated real estate commissions.
The jury awarded damages of $1.78 billion. HomeServices&#39;s settlement, which still requires court approval, follows the NAR&#39;s $418 million settlement last month.
Analysts suggest that the agreed-upon changes could reduce commissions by at least 25%.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/23/08/33936436/here-are-the-eyebrow-raising-moves-warren-buffett-michael-burry-and-bill-ackman-made-recently" target="_blank">Here Are The Eyebrow-Raising Moves Warren Buffett, Michael Burry And Bill Ackman Made Recently</a>
With this latest settlement, the NAR and the brokerages, including HomeServices and Re/Max, will pay over $943 million to resolve antitrust claims.
HomeServices&#39; settlement will result in a $140 million after-tax accounting charge, according to spokesperson Chris Kelly, who emphasized that the settlement is &quot;a sole obligation of HomeServices, with no participation by any parent entity.&quot;
Why It Matters: This settlement comes after&nbsp;<a href="https://www.benzinga.com/news/24/01/36815518/this-is-how-much-warren-buffetts-company-missed-out-on-by-dumping-costco-stock-in-2020">Berkshire Hathaway</a>&nbsp;missed several opportunities, including the sale of its shares in Costco Wholesale Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) during 2020, which resulted in a potential loss of approximately $1.5 billion in gains.
Berkshire Hathaway, led by <a href="https://www.benzinga.com/news/23/03/31512478/warren-buffetts-success-mantra-the-amount-you-are-loved-is-the-ultimate-measure-of-success-in-life">Warren Buffett</a>, has been known for its savvy investments and strategic moves, such as the $3 billion investment in Dow Chemical during the 2008 financial crisis, which ultimately&nbsp;<a href="https://www.benzinga.com/news/23/09/34661392/how-warren-buffett-poured-3b-into-this-company-during-2008-financial-crisis-and-doubled-his-money">doubled the firm&#39;s&nbsp;money</a>.
The latest settlement, however,&nbsp;could potentially alter the landscape of real estate commissions, impacting real estate agents&#39; earnings and home sellers&#39; costs. It also underscores the legal challenges large corporations face in their business operations.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/09/34193584/warren-buffett-and-elon-musk-both-share-this-same-business-acumen-that-has-led-to-their-success">Warren Buffett And Elon Musk Both Share This Same Business Acumen That Has Led To Their Success</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" style="box-sizing:inherit; color:rgba(var(--sk_highlight,18,100,163),1); text-decoration:underline" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: Shutterstock

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Warren Buffett's Real Estate Firm Coughs Up $250M To Avoid Bigger Payout Over Commissions

In a bizarre incident&nbsp;this month, a Utah couple inadvertently shipped their pet cat in <a href="https://www.benzinga.com/news/23/10/35254697/amazon-listed-a-strange-job-opening-leading-to-speculations-about-the-companys-real-intentions">an Amazon return package</a>.
The feline, named Galena, was discovered safe in California six days&nbsp;later, having survived without food or water, according to&nbsp;Utah&#39;s <a href="https://ksltv.com/639614/utahns-reunited-with-pet-cat-they-accidentally-shipped-with-amazon-return/">KSL-TV</a>.&nbsp;
Galena&#39;s owner, Carrie Clark, realized her pet was missing on April 10. She&nbsp;and her family reportedly spent nearly a week searching their home and local area, even posting missing posters throughout the town.
On April 17, Clark received a notification that Galena&#39;s microchip had been scanned, leading to a call from a California-based veterinarian.&nbsp;The vet revealed that Galena was discovered in an Amazon return package containing five pairs of steel-toed work boots.
Also Read:&nbsp;<a href="https://www.benzinga.com/news/23/12/36167127/heres-how-much-amazons-ads-business-is-willing-to-pay-for-top-talent">Here&#39;s How Much Amazon&#39;s Ads Business Is Willing To Pay For Top Talent</a>
An Amazon employee had apparently&nbsp;found Galena in a warehouse after she had been without food or water for six days. The employee then promptly took her to a vet.
&quot;I ran to tell my husband that Galena was found, and we broke down upon realizing that she must have jumped into an oversized box that we shipped out the previous Wednesday,&quot; Clark told KSL-TV.
Clark and her husband then flew to California for an emotional reunion with their pet.
Clark said she hopes this story will encourage more pet owners to microchip their animals, as it greatly enhances the likelihood of lost pets being found and returned to their owners.
Now Read:&nbsp;<a href="https://www.benzinga.com/news/23/04/31755746/amazons-pre-layoff-payroll-peek-a-boo-the-massive-salaries-of-engineers-data-scientists-managers-and" target="_blank">Amazon&#39;s Pre-Layoff Payroll Peek-a-Boo: The Massive Salaries Of Engineers, Data Scientists, Managers And Others</a>
This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" style="box-sizing:inherit; color:rgba(var(--sk_highlight,18,100,163),1); text-decoration:underline" target="_blank">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Photo: Shutterstock
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A Utah Couple Frantically Searched For Their Missing Cat — Only To Find Out They Had Accidentally Shipped Her In An Amazon Package

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Latest News for Tower One Wireless Stock (OTC:TOWTF)

Friday, December 20, 2019

Tuesday, November 26, 2019