Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out railroad Burlington Northern Santa Fe Corp in what the billionaire investor called a bet on the U.S. economy.
U.S. stock index futures fell on Tuesday as the deal by Warren Buffett's Berkshire Hathaway to buy railroad Burlington Northern failed to offset poor results from Swiss lender UBS and a shake-up at two big British banks.
Warren Buffett's Berkshire Hathaway Inc said it agreed to buy railroad Burlington Northern Santa Fe Corp in Buffett's biggest acquisition ever.
U.S. stock index futures fell on Tuesday as the deal by Warren Buffett's Berkshire Hathaway to buy railroad company Burlington Northern was offset by poor results from Swiss lender UBS and a shake-up at two big British banks.
Investor Warren Buffett's Berkshire Hathaway Inc sold 2.9 percent of its holdings in debt ratings agency Moody's Corp this week, raising $28.7 million in the transaction, according to a regulatory filing on Friday.
China's super-rich have bounced back from the financial crisis with a vengeance, and China now has more known dollar billionaires than any other country bar the United States, according to a new report released on Tuesday.
Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, according to a source with direct knowledge of the situation.
Giant initial public offerings this week by Banco Santander (Brasil) SA and Verisk Analytics are likely to be followed by more outsized IPOs, but the mixed performance of the stocks shows selling future deals could be difficult.
Verisk Analytics Inc, an insurance services firm partly owned by Warren Buffett's Berkshire Hathaway, soared in its first day of trading on Wednesday, and stirred hopes that the appetite for such offerings is warming.
Kraft Foods Inc told employees it would use fiscal restraint in its pursuit of British confectioner Cadbury, and said its success as a company was not dependent on doing a deal.
Insurance risk assessment specialist Verisk Analytics Inc on Monday set the terms of its initial public offering, saying it expects the offering to yield $1.7 billion in what could become the largest U.S. IPO in a year and a half.
Its sharp decline in the last week has pushed the euro to its highest level in a year and reignited fears that there's only one place for the dollar to go, and that's down. Rhetoric from influential investors like Warren Buffett as well as big foreign buyers of U.S. debt like China and Russia has fed that sense of doom.
U.S. food giant Kraft could raise its bid 20 percent up to 12.3 billion pounds ($20.1 billion) to seal a takeover deal for Britain's Cadbury without losing a key investment grade rating on its debt.
Warren Buffett is probably not trying to be Warren Wonka, but the Oracle of Omaha is certainly in a position to influence the struggle for control of the global chocolate industry.
The trust that holds voting control of candy maker Hershey Co has hired Warren Buffett's favorite banker to advise it on a possible bid for British chocolatier Cadbury, the Wall Street Journal reported on Thursday.
The U.S. economy has not begun to climb out of the worst recession since the Great Depression, but the terror that followed last year's near- collapse of the financial system is gone, due in part to government intervention, Warren Buffett said on Tuesday.
A year after the collapse of Lehman Brothers plunged the world into financial meltdown and jolted the foundations of capitalism, business students don't just want to learn how to maximize profit for shareholders and themselves.
Warren Buffett is often a go-to guy when companies want to raise money.
Global banking giant HSBC and Warren Buffett's Berkshire Hathaway should be paying staff the biggest bonuses, according to a new bonus model from a management consultant.
Warren Buffett's Berkshire Hathaway Inc and Leucadia National Corp agreed to buy Capmark Financial Group Inc's mortgage loan and servicing business for as much as $490 million, increasing exposure to a possible U.S. housing recovery.
U.S. billionaire Warren Buffett intends to raise his stake in Chinese electric car and battery maker BYD Co Ltd , BYD's chairman said on Monday, sending shares in his company up 8 percent.
Recovery View Gains Believers; Giving Up Names; Debt Threatens U.S.