WARREN BUFFETT

IBTimes Logo

Berkshire operating profit falls

Berkshire Hathaway Inc, Warren Buffett's insurance and investment company, reported a higher fourth-quarter profit, helped by improved results from investments and derivatives.

Buffett-backed BYD eyes big overseas drive

IBTimes Logo
BYD Co Ltd, a Chinese car and battery maker founded by China's wealthiest man and backed by U.S. billionaire Warren Buffett, aims to boost its car exports this year as it feeds what it hopes will be improving demand in a recovering global economy.
IBTimes Logo

Buffett-backed BYD in major auto export push

China's BYD Co Ltd , backed by U.S. billionaire Warren Buffett, aims to sharply boost its car exports this year, banking on improving demand as the global economy recovers, an executive said on Tuesday.
More news
IBTimes Logo

Futures point to lower start on Wall Street

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.
IBTimes Logo

Paulson, Buffett say US needed tough medicine

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.
IBTimes Logo

Paulson, Buffett say U.S. needed tough medicine

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.
IBTimes Logo

Kraft, Berkshire raise $17.5 bln for acquisitions

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.
IBTimes Logo

S&P strips Berkshire Hathaway of AAA rating

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.
IBTimes Logo

Moody's warns on costs; forecast disappoints

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.
IBTimes Logo

Kraft set for Cadbury deal as workers fret over jobs

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.
IBTimes Logo

Berkshire Hathaway to join S&P 500

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 .
IBTimes Logo

Buffett's new baby BNSF beats Wall St

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.
IBTimes Logo

General Re settles with US over AIG, Prudential

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.
IBTimes Logo

Gen Re pays SEC to settle sham contract charges

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.
IBTimes Logo

Buffett sour on Kraft's candy deal

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.
IBTimes Logo

Stocks set for lower open on bank unease

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.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.