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PE HUB Second Opinion

After keeping the number secret for more than forty years, the Treasury Department revealed how much U.S. debt is owned by Saudi Arabia: $116.8 billion, as of March.

Gannett increased its offer for the Tribune Publishing Company to $15 a share, or a total of about $864 million.

Warren Buffett’s $1 billion investment makes him Apple’s 56th largest investor.

Google announced Spaces, a new app for sharing articles, videos and images within small groups.

Oculus, the Facebook-owned virtual reality company, is launching a nonprofit initiative called VR for Good.

Facebook will help sell video ads on behalf of other companies to third-party websites, escalating the company’s contest with Google.

Ex-J.C. Penney CEO Ron Johnson said the retailer would have been better off continuing to follow his strategy, which drove the company into the ground.

Photo: Saudi Crown Prince Mohammed bin Nayef (R) meets U.S. Secretary of State John Kerry in Jeddah, Saudi Arabia May 15, 2016. Saudi Press Agency/Handout via REUTERS