Bankers at Citigroup were unaware when discussing the possible sale of chemical company Lubrizol Corp with the man tipped to succeed Warren Buffett that he had any intention to buy shares himself, the Wall Street Journal reported on Saturday.
The resignation of a key lieutenant this week could damage the credit quality of Warren Buffett's Berkshire Hathaway , Moody's Investors Service said on Friday.
U.S. stocks ended mixed on Thursday as investors awaited Friday’s Bureau of Labor Statistics jobs report, while slightly weaker-than-expected economic reports on jobless claims and Chicago Purchasing Managers index weighed on the sentiment.
US stocks ended mixed on Thursday as investors awaited Friday’s Bureau of Labor Statistics (BLS) jobs report and slightly weaker than expected economic reports on jobless claims even as Chicago Purchasing Managers index weighed on the sentiment.
U.S. stocks ended a solid quarter with the barest of moves on Thursday, as investors looked ahead to Friday's U.S. jobs report to provide a catalyst to push indexes to new highs for the year.
Former Berkshire Hathaway executive David Sokol on Thursday said he has invested in companies he then recommended for acquisition in the past, a day after Berkshire disclosed Sokol pushed Lubrizol Corp to Warren Buffett after investing in it.
U.S. stocks edged higher on Thursday as a modest reading on jobless claims failed to topple upbeat expectations about Friday's U.S. payrolls report for March as the quarter quietly draws to a close.
So much for Warren Buffett's philosophy of leaving his managers alone.
U.S. stocks were little changed on Thursday as a middling reading on jobless claims failed to dent expectations about Friday's U.S. payrolls report for March as the quarter quietly draws to a close.
U.S. stocks were little changed on Thursday, the final day of the quarter, as jobless claims fell less than expected but didn't change optimism about Friday's U.S. payrolls report for March.
Former Berkshire Hathaway executive David Sokol insisted he did nothing wrong in buying stock in a company that he then suggested Berkshire acquire, and said he has in past invested in companies he then recommended to Warren Buffett.
The companies whose shares are actively trading in Thursday's morning session include Ambassadors International, Tesla Motors, Rubicon Minerals, Meritor and CarMax.
U.S. stocks slightly advanced in early trade on Thursday after official data showed that applications for jobless benefits fell last week.
U.S. stock index futures pointed to a slightly lower open on Thursday, the final day of the quarter, as jobless claims fell less than expected, but investors were optimistic about Friday's monthly jobs data.
U.S. stock index futures were little changed on Thursday, the final day of the quarter, before weekly jobless claims data that could give insight into the U.S. employment situation.
In a press release that has the air of a deposition, Warren Buffett explained on Wednesday about a top aide's resignation and a stock purchase. They are facts that he has vowed not to answer more questions about.
David Sokol, long seen as a contender to take over as CEO of Berkshire Hathaway when Warren Buffett retires, resigned unexpectedly on Wednesday.
Berkshire Hathaway Chairman Warren Buffett said Wednesday that one of the top executives at his company, David Sokol, has resigned from the company, soon after learning that Sokol bought stock in a company he recommended to Buffett.
Warren Buffett's hunt for a large acquisition could lead to targets like Eaton , Illinois Tool Works or Cliffs Natural Resources , all of which seem to fit his recent preference for growth in industries outside of his core insurance unit.
Warren Buffett's Berkshire Hathaway took nearly $1 billion in writedowns on three stocks last quarter under pressure from regulators who disagreed with the company's accounting for losses in those shares, according to a series of letters released on Monday.
Billionaire Warren Buffett, who is looking to invest in large countries such as China, India and Brazil, said on Wednesday he expected global output to rise significantly over the next year.
Goldman Sachs Group Inc chief Lloyd Blankfein will be called to testify at Raj Rajaratnam's insider trading trial as soon as this week, but prosecutors want to prevent him being questioned about any legal issues facing the bank, according to trial documents.