Result Page 33 for Warren buffett news & latest pictures from ibtimes.com

Buffett lunch bid hits $456,789; auction nears end

A bidder has offered to pay $456,789 for a steak lunch with billionaire investor Warren Buffett, in a charity auction expected to be completed Friday night on eBay Inc's website.

Buffett laments that U.S. economy has no bounce

Warren Buffett said on Wednesday that the U.S. economy has no bounce and will take time to recover, but there is no risk of deflation to push it further into despair.

Citigroup to boost salaries, cut bonuses: sources

Citigroup Inc is raising salaries companywide to offset restrictions on bonuses after the troubled bank accepted $45 billion of federal bailout money, but the move could backfire if it drives top-performing workers to other employers.

Will recession hit Warren Buffett lunch?

Warren Buffett is again raising money for charity by auctioning a chance to dine with him, though it remains to be seen if the global recession keeps the winning bid below last year's record $2.11 million.

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Berkshire divests remaining stake in Constellation Energy

Berkshire Hathaway Inc, the investment firm led by billionaire investor Warren Buffett divested its remaining stake in utility firm Constellation Energy Group Inc. after refusing to enter a bidding war for the firm.

Hedge funds worried Obama moves could backfire

U.S. government efforts to revive a sluggish economy have cheered markets since March, but some of the most successful investors around worry these moves may only make the bad times linger.

MidAmerican's Sokol sees U.S. housing staying weak

David Sokol, chairman of Berkshire Hathaway Inc's (BRKa.N) MidAmerican Energy Holdings and a contender to succeed Warren Buffett, warned that the U.S. housing market still has a ways to go before bottoming out.

Greenlight's Einhorn shorting Moody's

Shares of Moody's Corp fell sharply on Thursday after hedge fund manager David Einhorn, who correctly questioned the health of Lehman Brothers four months before its collapse, disclosed he was shorting the venerable ratings agency.

Gates sees tech helping U.S. out of recession

Technology can pull the United States out of recession and help the world's ailing financial markets work better, Microsoft Corp Chairman Bill Gates told a high-level business summit at the company he co-founded.

GE CEO says has hit 2009 debt goal, starts on 2010

General Electric Co has already raised all the money it planned to seek on debt markets for 2009 and may reach its 2010 goal before the year is out, Chief Executive Jeff Immelt said on Tuesday.

Berkshire adds shares of US Bancorp, Wells

Warren Buffett's Berkshire Hathaway Inc said on Friday it had modestly raised its stakes in Wells Fargo and US Bancorp , two banks whose market values have fallen dramatically.

CORRECTED: Berkshire adds shares of US Bancorp, Wells

Deletes reference in paragraph 12 to having sold out of positions in Ingersoll Rand and Iron Mountain

U.S. seeks crackdown on loosely regulated derivatives

The Obama administration moved on Wednesday to exert more control over the shadowy over-the-counter derivatives market, now closely linked to the global credit crisis.

U.S. regulators seek OTC derivatives crackdown

The Obama administration moved on Wednesday to exert more control over the shadowy over-the-counter derivatives market, now closely linked to the global credit crisis.

Buffett's Berkshire has first loss since 2001

Warren Buffett's Berkshire Hathaway Inc posted its first quarterly loss since 2001, hurt by losses on derivative contracts, a big investment in the oil company ConocoPhillips, and the weakening economy.

Stock futures point to shares rising; jobs data eyed

U.S. shares are set to rise on Friday, after stress tests for U.S. banks sparked optimism about the sector's future, and ahead of April's non-farm payroll data.

Wells Fargo announces $6 billion common stock offering

Wells Fargo & Co , the fourth-largest U.S. bank, announced on Thursday a $6 billion common stock offering, as the bank faces regulatory stress tests to determine whether it needs to strengthen its capital.

About 10 U.S. stress test banks to need more capital

About 10 of the 19 largest U.S. banks being stress tested will be instructed by regulators to raise more capital, according to a source familiar with official talks.

Buffett says life insurers took crazy bets

Billionaire Warren Buffett on Sunday criticized some life insurers for taking on crazy financial risks by selling variable annuities, or retirement products that promised unrealistic guarantees to buyers.

CORRECTED: Buffett says life insurers took crazy bets

Corrects to remove reference to Genworth Financial being badly burned by variable annuities, as this business is a relatively small part of its overall operations

Tense talks as U.S. bank stress tests near completion

The largest U.S. banks made the case to regulators on Monday that they have the financial firepower to withstand a deeper recession, as Bank of America denied a report it was trying to raise capital of $10 billion.

Let Warren Buffett Buy Wells Fargo

Warren Buffet is the largest shareholder in Wells Fargo. He claims it is a Fabulous Bank and would like to buy it all. Is he serious or is he just talking up his shares?

U.S. banks make final plea as stress tests conclude

The United States' largest banks made their case to regulators on Monday that they have the financial firepower to withstand a deeper recession, as Bank of America denied a report it was trying to raise $10 billion.

Bank stocks leap on stress test optimism

U.S. bank shares rose on Monday after analysts said government stress tests of financial institutions would show most would need less new capital than previously feared.

Stock futures point to gains; eyes on house data

Stock index futures pointed to a higher open on Wall Street on Monday ahead of key housing data.

Buffett attacks bank tests, eyes flu pandemic

Warren Buffett attacked the government's stress tests of 19 large U.S. banks, saying they failed to properly assess the industry's health, and that he would buy more shares in three big banks Berkshire Hathaway Inc already owns.

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