Warren Buffett's Berkshire Hathaway was stripped of its 'AAA' credit rating, barely hours after General Electric Co lost its top-tier rating, as the global financial crisis pummels America's corporate titans.
Warren Buffett said he was approached twice to help American International Group Inc in the final days before the U.S. government rescued the insurer last September, Bloomberg said.
U.S. billionaire Warren Buffett suffered another setback in the global financial crisis on Friday when ratings agency Fitch cut the top rating on his insurance and investment company, Berkshire Hathaway .
The total number of billionaires in the world fell 30 percent in the past year to 793 people, according to Forbes.
Microsoft Corp founder Bill Gates is the richest man again, overtaking investor Warren Buffett, as the global financial meltdown wiped out $2 trillion from the net worth of the world's billionaires, Forbes Magazine said on Wednesday.
U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .
U.S. stocks fell in choppy trade and the Nasdaq slid to a fresh 6 and 1/2-year low on Monday as shares of the biggest drugmakers fell after Merck's proposed a $41 billion takeover of Schering-Plough .
Shares of Wells Fargo rose 15.8 percent on Monday after billionaire investor Warren Buffett made positive comments about the California-based bank.
Wells Fargo & Co shares as much as 24.3 percent after the billionaire investor Warren Buffett said the fourth-largest U.S. bank will emerge better than ever from the nation's credit crisis.
Wells Fargo & Co shares as much as 24.3 percent after the billionaire investor Warren Buffett said the fourth-largest U.S. bank will emerge better than ever from the nation's credit crisis.
The European Union was set to back an International Monetary Fund call for $500 billion to fight the financial crisis on Monday as world stocks sank toward 14 year lows in a broad-based sell-off.
Warren Buffett said on Monday the U.S. economy had fallen off a cliff but would eventually recover, although a rebound could kindle inflation worse than that experienced in the late 1970s.
Warren Buffett said on Monday that the U.S. economy had fallen off a cliff and eventually would recover, although a rebound could rekindle inflation worse than experienced in the late 1970s.
Warren Buffett's Berkshire Hathaway Inc reduced staffing last year in half of its nearly 80 operating units, and said more job cuts were coming in an economy unlikely to recover before 2010.
Stocks slid on Monday in a broad sell-off as a record $61.7 billion quarterly loss at embattled insurer American International Group fueled fears that the global financial crisis is spiraling widely.
Stocks slid on Monday as news of a record $61.7 billion quarterly loss at embattled insurer American International Group fueled worries the already deep financial crisis is worsening.
Stocks headed for a lower open on Monday as news of a record $61.7 billion loss at embattled insurer American International Group fueled worries the already deep financial crisis is worsening.
Berkshire Hathaway Inc , Warren Buffett's insurance and investment company, barely broke even in the fourth quarter because of losses on derivatives contracts tied to the stock market.
Despite an often serious tone in his annual letter, billionaire investor Warren Buffett had a few light comments in his annual letter to investors this year.
British banking giant HSBC will try to raise $18 billion to quell investor concerns as a worsening global economy punished famed investor Warren Buffet's Berkshire Hathaway with a 96 percent plunge in profits.
British banking giant HSBC will try to raise $18 billion to quell investor concerns as a worsening global economy punished famed investor Warren Buffet's Berkshire Hathaway with a 96 percent plunge in profits.
Berkshire Hathaway Inc, Warren Buffett's insurance and investment company, barely broke even in the fourth quarter because of losses on derivatives contracts tied to the stock market, which caused its net worth to tumble $10.9 billion.
