Warren Buffett's train has left the station, and millions of investors are joining him for the ride.
Burlington Northern Santa Fe Corp shareholders approved the No. 2 U.S. railroad company's takeover by Berkshire Hathaway Inc, clearing the way for the largest acquisition of billionaire investor Warren Buffett to be completed on Friday.
U.S. investor Warren Buffett has become the biggest single shareholder in the world's largest reinsurer Munich Re and could soon hold 7 percent of the company.
Stock index futures pointed to a mostly lower open for U.S. shares on Friday, following strong gains in the previous session, as a pledge by European leaders to support Greece eased worries about a crisis in the euro zone.
Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.
Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.
International Dairy Queen, the ice cream retailer owned by Warren Buffett's Berkshire Hathaway Inc, said on Tuesday that it planned in 2010 to open its first stores in Egypt and Macau.
Food giant Kraft Foods and Warren Buffett's Berkshire Hathaway sold $17.5 billion in debt on Thursday, braving a suddenly weak corporate bond market to finance major acquisitions, market sources said.
Standard & Poor's on Thursday stripped Warren Buffett's Berkshire Hathaway Inc of its top AAA rating, saying its acquisition of Burlington Northern Santa Fe will hurt liquidity and capital adequacy.
Moody's Corp , parent of credit-rating agency Moody's Investors Service, forecast 2010 earnings below Wall Street expectations and warned of rising compliance costs, sending its shares down more than 4 percent.
Kraft Foods is set to receive enough acceptances from Cadbury shareholders to seal its 11.7 billion pounds ($18.6 billion) takeover by around 1700 GMT (12 noon EST) Tuesday and start the tough integration of Cadbury's 45,000 worldwide employees.
Kraft Foods Inc is expected to easily win support from Cadbury shareholders for its $18.73 billion (11.68 million pound) takeover of the iconic British chocolatier.
Shares of Berkshire Hathaway Inc surged on Wednesday after Standard & Poor's said it will add the company run by billionaire Warren Buffett to its S&P 500 stock index .
Standard & Poor's said it will add Warren Buffett's Berkshire Hathaway Inc to its flagship S&P 500 stock index , as the company prepares to acquire railroad operator Burlington Northern Santa Fe Corp .
Warren Buffett has built a $1 billion stake in Munich Re, boosting his insurance holdings by taking a 3 percent stake in the world's biggest reinsurer.
Burlington Northern Santa Fe Corp , the No. 2 U.S. railroad, posted stronger-than-expected earnings on Thursday, lifted by improving volumes, and the company said it expected the freight recovery to continue in 2010.
Cadbury's big UK investors expect Kraft's $19.3 billion acquisition of the British confectioner will go ahead despite Kraft's top shareholder Warren Buffett saying the takeover is a bad deal.
A unit of Warren Buffett's Berkshire Hathaway Inc , General Re, has agreed to pay $92.2 million to settle accusations that it helped American International Group Inc and Prudential Financial Inc manipulate financial statements, the U.S. government said Wednesday.
General Re Corp., a subsidiary of Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK), has agreed to pay $92.2 million to settle investigations and claims that it allegedly entered into sham reinsurance contracts, the Securities and Exchange Commission announced on Wednesday.
Warren Buffett said Kraft Foods Inc's proposed $19.6 billion acquisition of Cadbury Plc is a bad deal and questioned how Chief Executive Irene Rosenfeld chose to pay for it.
U.S. stocks were poised for a lower open on Wednesday on reports of bank lending restrictions in China and as quarterly results from three big U.S. banks raised uneasiness about the state of the sector.
Billionaire investor Warren Buffett on Wednesday came out against Kraft Foods Inc proposed $19.6 billion acquisition of Cadbury Plc .