With California Governor Jerry Brown making little progress in his efforts to solve the state's intractable budget problems, a number of private groups are maneuvering to put new tax measures to the voters next November.
Leon Cooperman sent a straightforward and scathing letter to President Obama Monday calling for reform and more accountability from President Obama calling for reform and more accountability from the administration.
Warren Buffett said newspapers faced the possibility of nearly unending losses and he would not buy most newspapers in the U.S. at any price in May 2009 at a Berkshire Hathaway shareholders meeting. However, the billionaire announced Wednesday that he has agreed to buy Omaha World-Herald Co., publisher of his hometown newspaper the World-Herald.
Billionaire investor Warren Buffett buys newspapers every day, the hometown daily included, but on Wednesday he dispensed with the single-issue price and bought the whole company instead.
So far, it has been a tough week for the troubled Bank of America Corp. (BAC). The firm's stock hit a new 52-week low Tuesday, dropping more than 3 percent to $5.03 a share, the lowest level since March 12, 2009. After the market closed, more bad news came as Standard & Poor's downgraded the bank's long-term credit rating by a notch to A- from A.
Billionaire investor Warren Buffett said on Monday that his view on Japanese industry has not changed following the March earthquake and that he was looking for opportunities in the country.
Octogenarian billionaire investor Warren Buffett arrived on his first visit to Japan on Monday, fanning speculation about his possible investments in the country's battered stock market.
Wall Street legend Ted Forstmann, who died of brain cancer on Nov. 20, helped launch the private equity industry. The colorful financier was as known for his Republican leanings, charity work, and relationships with Princess Diana, Elizabeth Hurley and Padma Lakshmi as for his late-in-life warnings about Wall Street excesses.
A new video takes the OWS protest cry we are the 99 percent and examines the numbers behind the movement's message. Who are the 99 and 1 percent, respectively, in America? How does U.S. wealth divide itself, and how did it do so before the financial crisis? The shocking statistics paint a picture even more provocative than Occupy protesters assert, including info on the 0.01 percent vs. the 99.9 percent.
During famed fund manager Bill Miller's 15-year streak of outperforming the S&P 500, he was often held up as proof that stock picking wasn't just dumb luck. It required skill.
Microsoft Corp shareholders filed out of the software giant's annual meeting grumbling that they did not get to ask more questions in their once-a-year opportunity to quiz Chairman Bill Gates and CEO Steve Ballmer.
Wall Street stocks fell on Monday as euro zone data signaled the region could be facing a recession, adding to worries about Europe's debt crisis.
So now we know one reason why shares of IBM, the No. 2 computer services company rose nearly 13 percent over the past three months: Warren Buffett has been buying.
Warren Buffett, often mentioned as a potential savior for troubled European banks, said on Monday that he has no interest at the moment in investing in the sector, and that there is what amounts to a partial run on Europe.
Warren Buffett said his Berkshire Hathaway Inc has accumulated a 5.5 percent stake in IBM, the billionaire investor's biggest bet in the technology field he has historically shunned.
U.S. stock index futures fell on Monday as Italy and Greece rushed to form technocrat-led governments in a bid to stave of the euro zone's debt crisis, and as data showed the region is facing a looming recession.
Berkshire Hathaway has accumulated a 5.5 percent stake in IBM, Warren Buffett said on Monday, his biggest bet on the technology field that he has historically shunned.
Stock index futures fell on Monday after strong gains going into the weekend and as Italy and Greece rushed to form technocrat-led governments in a bid to stave of the euro zone's debt crisis.
Hedge fund managers Paul Singer, Robert Zoellner, Kyle Bass and Israel Englander are among the handful of people millionaires trust with their riches.
Stocks fell on Monday as investors stayed focused on Europe, this time on the political turmoil in debt-burdened Italy, as a reason to sell risky assets.
Stocks fell on Monday as investors stayed focused on Europe, this time on the political turmoil in debt-burdened Italy, as a reason to sell risky assets.
Swiss Re has regained a prized credit rating lost during the financial crisis, a key step toward the reinsurer's goal of expanding its business.
