WARREN BUFFETT

IBTimes Logo

Honda, Volvo plan green car launches in China

Honda and Volvo are both planning to launch clean-energy cars in China, joining a growing crowd of domestic players developing such models to take advantage of expected generous government incentives.

A long drive to global dominance for China carmakers

IBTimes Logo
Chinese car makers may have the world's largest market to play in but face many hurdles including a shortage of original models, an overcrowded industry and a lack of overseas acquisition targets before they can challenge for global leadership.
IBTimes Logo

Goldman Sachs charged with fraud by SEC

Goldman Sachs Group Inc was charged with fraud by the U.S. Securities and Exchange Commission over its marketing of a subprime mortgage product, igniting a battle between Wall Street's most powerful bank and the nation's top securities regulator.
More news
IBTimes Logo

Escape from Wall Street

UBS adviser Chuck Huebner knew he was done with big brokerages when some supervisors questioned a stock he had purchased for one of his clients. The offending equity? Berkshire Hathaway.
IBTimes Logo

China's BYD says Q4 profit jumps 500 pct

BYD Co Ltd , a Chinese car and battery maker backed by U.S. billionaire Warren Buffett, said on Sunday its fourth-quarter net profit rose 500 pct thanks to robust car sales primed by tax incentives from Beijing.
IBTimes Logo

World's mega-rich adding wealth, Carlos Slim No. 1

Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 percent over the last year, Forbes magazine said on Wednesday.
IBTimes Logo

Munich Re CEO: Buffett stake backs our strategy

Munich Re sees star investor Warren Buffett's stake in the reinsurer as evidence that he backs its long-term strategy aimed at creating stability, Munich Re's chief executive said on Wednesday.
IBTimes Logo

Insurers' Chile quake hit won't up prices

Last month's huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world's top two reinsurers said, but it looks unlikely to raise reinsurance prices.
IBTimes Logo

AIG's Greenberg to testify Wednesday on Gen Re

Maurice Hank Greenberg, the former chief executive of American International Group Inc , will testify on Wednesday over a sham transaction involving the insurer and a unit of Warren Buffett's Berkshire Hathaway Inc , a judge ruled.
IBTimes Logo

Farkas all set to buy Centerline Holding Co: report

U.S. real estate investor Andrew Farkas is all set to buy Centerline Holding Co, a provider of real estate financial and asset management services, by investing $100 million in equity in the company, the Wall Street Journal said.
IBTimes Logo

AIG's Greenberg says cannot be charged

Maurice Hank Greenberg, the former chief executive of American International Group Inc , believes he no longer faces possible criminal charges over a sham transaction involving the insurer and a unit of Warren Buffett's Berkshire Hathaway Inc .
IBTimes Logo

Obama said poised to offer more healthcare changes

After a healthcare summit last week failed to win Republican converts, Obama and his fellow Democrats have been expected to launch a final push for an overhaul of the $2.5 trillion healthcare industry using a process known as reconciliation to move the measure through the Senate without opposition support.
IBTimes Logo

Wall Street shares seen higher

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rose 0.5 to 0.7 percent, pointing to a higher start to Wall Street on Monday.
IBTimes Logo

Buffett says worst is over, but recovery uneven

NEW YORK, Mar 1 Reuters) - Warren Buffett said the U.S. has passed the worst of what he called an economic Pearl Harbor, yet admitted that the recovery could be slow, including at his Berkshire Hathaway Inc .
IBTimes Logo

Buffett defends using stock in Burlington takeover

Warren Buffett defended his issuance of $10.6 billion of Berkshire Hathaway Inc stock as part of this month's acquisition of Burlington Northern Santa Fe Corp -- even as he admitted that issuing stock is as much fun as preparing for a colonoscopy.
IBTimes Logo

Berkshire net rises, Buffett sees housing rebound

Warren Buffett's Berkshire Hathaway Inc said fourth-quarter profit surged, helped by derivatives bets tied to global stock markets, though operating profit fell 40 percent as the weakened economy weighed on several businesses.
IBTimes Logo

Berkshire net rises

Warren Buffett's Berkshire Hathaway Inc said fourth-quarter profit surged, helped by improved results from derivatives bets tied to global stock markets, though operating profit fell 40 percent as the weakened economy weighed on several businesses.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.