WARREN BUFFETT

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Berkshire Hathaway second quarter profit rises

Warren Buffett's conglomerate Berkshire Hathaway reported a larger second-quarter profit on Friday, as favorable investment results and strength in the rail and manufacturing businesses offset another underwriting loss in insurance.
U.S. President Barack Obama

President Obama Op-Ed: 'Do Something Big and Meaningful' on Debt Ceiling [FULL TEXT]

For years now, America has been spending more money than we take in. The result is that we have too much debt on our nation's credit card - debt that will ultimately weaken our economy, lead to higher interest rates for all Americans, and leave us unable to invest in things like education, or protect vital programs like Medicare. Presdient Barack Obama said
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Rajat Gupta to Pursue Lawsuit Against SEC

Rajat Gupta, the former Goldman Sachs Group Inc. director, can proceed with a suit claiming the U.S. Securities and Exchange Commission violated his rights when it filed an administrative action accusing him of passing illegal stock tips and thereby denying him a jury trial, reports say.
Ford Motor Company

Top 10 Biggest Companies in US (PHOTOS)

Time Inc.'s Fortune magazine released its annual Fortune Global 500 list, which is a ranking of the top 500 corporations worldwide as measured by revenue. Start slideshow to view a gallery of the top 10 biggest companies in the US.
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Buffett gives $1.78 billion to Gates, family charities

Investor Warren Buffett has donated another $1.78 billion to several charities, with the bulk going to the Bill & Melinda Gates Foundation, as part of his plan begun in 2006 to donate 99 percent of his wealth.
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Buffett donates $1.5 billion to Gates Foundation

Investor Warren Buffett has donated another $1.5 billion to the Bill & Melinda Gates Foundation, part of his plan that began in 2006 to donate 99 percent of his wealth.
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Berkshire's Munger stands behind BYD investment

Berkshire Hathaway Vice Chairman Charlie Munger on Friday stuck by Chinese auto maker BYD <1211.HK>, which has become one of Berkshire's most controversial investments amid poor performance and revelations about its business practices.
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Buffett-backed carmaker BYD raises $219 million in China IPO

Warren Buffett-backed Chinese carmaker BYD Co Ltd <1211.HK> will raise a less-than-expected 1.42 billion yuan ($219 million) in its initial public offering in Shenzhen, weighed down by weak investor sentiment and worries over its poor performance.
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Buffett charity lunch sells for $2.63 million

A steak lunch at Smith & Wollensky in Manhattan starts at $36.50. The same lunch, eaten in the company of legendary investor Warren Buffett, costs approximately $2.63 million.
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Gobbledygook stumps financial professionals too

Baffled by the language of corporate financial reports? You have company. Sometimes the people who get paid the big bucks to plow through them can't make much sense of them either.
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Buffett remains solid on the American economy

Warren Buffett does not spend his time making stock research recommendations, but he is sure of one thing -- America should have a strong buy slapped on it.
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Buffett: Failure to raise debt ceiling asinine

Warren Buffett said he expects the Congress to raise the nation's debt ceiling before it expires in mid-May, and said it would be that body's most asinine act ever if it failed.
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Buffett downplays chance of Berkshire dividend

Berkshire Hathaway Chief Executive Warren Buffett downplayed on Saturday the idea of a first-ever dividend for shareholders, as he opened his conglomerate's annual meeting for a crowd of tens of thousands of people.
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Insurance to drag on Berkshire Q1 results

Berkshire Hathaway Inc will report a significantly lower first-quarter profit, as one of the worst quarters ever for global catastrophes weighed on the company's insurance businesses, Chief Executive Warren Buffett said on Saturday.

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