IBT Staff Reporter

135901-135930 (out of 154943)

Buffett Bullish on Wells Fargo

Berkshire Hathaway Inc’s chairman Warren Buffett, whose company owns a significant stake in Wells Fargo & Co, called it a “fabulous” bank that will do much better in a few years as a result of the economic crisis, according to a report.

Obama says financial sector to shrink

The financial sector will make up a smaller part of the U.S. economy in the future as new regulations clamp down on massive risk-taking, President Barack Obama said in an interview published on Saturday.

Buffett offers bleak outlook for U.S. newspapers

Warren Buffett is fond of newspapers -- he reads five a day -- but the billionaire investor warned shareholders of his Berkshire Hathaway Inc that the reeling industry may never recover because it lacks a sustainable business model.

Buffett dispenses gloom at Berkshire fest

Warren Buffett told a record crowd at a somber annual meeting of his Berkshire Hathaway Inc that first-quarter operating profit fell and the company's book value declined 6 percent, as the recession hurt many of the company's businesses and investments.

Buffett dispenses gloom at somber Berkshire fest

Warren Buffett told a record crowd at a somber annual meeting of his Berkshire Hathaway Inc that first-quarter operating profit fell and the company's book value declined 6 percent, as the recession weighed on many of the company's businesses and investments.

Google Sued over Android

Google was sued over using 'Android' for trademark infringement along with 47 other international corporations.

Mexico sees flu stabilizing but world on guard

Mexico's flu outbreak appeared to be stabilizing on Saturday but officials warned it was too early to ease vigilance against an unpredictable virus which still threatens a global pandemic.

Buffett sees some losses at somber Berkshire fest

Warren Buffett acknowledged on Saturday that his Berkshire Hathaway Inc will probably lose money on some of the derivatives contracts that have prompted some to speculate that the world's most famous investor has lost his touch.

Buffett says Wells Fargo to ride out credit crisis

Warren Buffett on Saturday expressed strong support for Wells Fargo & Co, one of the largest equity holdings of his Berkshire Hathaway Inc, saying it is a fabulous bank that is well-positioned to ride out the financial crisis.

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