A bruised Warren Buffett looks ahead
Warren Buffett has some explaining to do. Berkshire Hathaway Inc, his insurance and investment company, is in the midst of one of its worst stretches since Buffett took over the company in 1965.
A bruised Warren Buffett to look ahead in letter
and companies including Harley-Davidson Inc .
Berkshire teamed up on at least two of the investments with Chris Davis's money management firm Davis Selected Advisers LP.
Buffett looks like he was, at best, early when he announced in October that he was plowing all his personal investments other than Berkshire shares into U.S. stocks.
He has admitted error before. After 1999, a bad...
Buffett's Berkshire Hathaway falls to 5-1/2-yr low
Shares of Warren Buffett's Berkshire Hathaway Inc sank Friday to their lowest level in 5-1/2 years amid concern the insurance and investment company could suffer big losses from bets on world stock markets and U.S. banks.
Berkshire's Class A shares fell as much as 6.2 percent to their lowest level since August 2003, before regaining some ground after the White Hous...
Buffett's Berkshire Hathaway falls to 5-1/2-year low
Shares of Warren Buffett's Berkshire Hathaway Inc sank Friday to their lowest level in 5-1/2 years amid concern about big potential losses from bets on world stock markets and U.S. banks.
Berkshire's Class A shares fell as much as 6.2 percent to $73,750, their lowest level since August 2003, before rebounding after the White House said it strongly believed the U.S....
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Bill Gates' charity takes hit in crisis, will boost spending
Bill Gates, now working full time at his philanthropic foundation - the world's largest - says its assets lost 20 percent of the their value in 2008, but said spending would increase as it seeks to tackle global inequity ranging from education, to health issues.
Bill Gates bids a teary farewell to Microsoft
Bill Gates said a teary goodbye on Friday to Microsoft Corp, the software maker he built into the world's most valuable technology company based on the ambitious goal of placing a computer on every desk and in every home.
Generali pulls out of RBS bidding
On Wednesday the Italian firm Generali said that it would not be bidding for the insurance arm of Royal Bank of Scotland. The news came just a few hours before the first bid deadline for the asset.
Berkshire Sold Ameriprise Shares: SEC filing
Berkshire Hathaway, billionaire Warren Buffett's investment company, sold its stake in Ameriprise Financial earlier this year, according to a regulatory filing on Thursday.
Former AIG CEO Greenberg Wants to Postpone Shareholders Meeting
The former chief executive and major stakeholder insurer in American International Group Inc Maurice Greenberg called on the company to delay this week's annual meeting.
Buffett Expects Weaker Dollar
Warren Buffet, the billionaire investor who heads Berkshire Hathaway Inc believes the U.S. dollar will continue to be weaker versus other currencies and was happy to invest in firms which didn't earn income in dollars.
Berkshire Hathaway Faces Probe Over Moody's Stake: Report
Connecticut's attorney general is investigating possible conflicts of interest due to Berkshire Hathaway Inc's 20 percent ownership of credit ratings company Moody's Corp.
U.S. Stocks Advance on Wrigley Buyout, Verizon Climbs
U.S. stocks rose on Monday for the fourth day after billionaire Warren Buffett financed the $23 billion takeover of Wm. Wrigley Jr. by privately held mars, and investor Kirk Kerkorian bought a stake in Ford Motor Co.
Mars Makes Sweet Deal for Wrigley
Mars Inc agreed to buy Chicago-based Wm Wrigley Jr. Company on Monday for $23 billion in cash, bringing together Mars, the maker of M&M's chocolate and Snickers bars together with Wrigley's, which sells Spearmint and Juicy Fruit gum.
Gates Loses Crown: Falls to 3rd Richest Man
Bill Gates lost the top position as the richest man to Warren Buffet an American investor who runs Berkshire Hathaway stock.
Buffett Predicts Down Year for Berkshire Hathaway
Billionaire investor Warren Buffett, told shareholders in an annual letter to expect a downturn in 2008 for Berkshire Hathaway profit despite a strong 2007.
Dollar Rises Against Yen on Buffett Insurer Bailout Plan
The dollar rose against the yen Tuesday after billionaire investor Warren Buffett proposed a plan to bail out struggling insurers of municipal bonds.
Gold Tumbles as Traders Cash in Profits, Most Metals Down
Gold futures tumbled sharply on Tuesday as traders cashed in profits from the precious metals after three days of steady gains.
Buffett, Greenberg documents not needed at trial
Communications between Berkshire Hathaway Inc Chairman Warren Buffett and former American International Group Inc Chairman Maurice Hank Greenberg won't have to be turned over to the former head of a Berkshire unit whose fraud trial begins Monday.
Berkshire to buy ING unit for $441 million
Warren Buffett's Berkshire Hathaway Inc, in its second acquisition this week, agreed to buy the NRG NV reinsurance unit of ING Group NV for about 300 million euros ($441 million).
Berkshire Hathaway to buy $4.5 billion Marmon stake
Berkshire Hathaway Inc, the conglomerate headed by billionaire investor Warren Buffett, said on Tuesday it planned to buy 60 percent of manufacturing and services group Marmon Holdings Inc. for $4.5 billion.
Wall St. flat as Paulson offsets weak data
Stocks were little changed on Monday after comments by the Treasury Secretary that a mortgage aid plan was in the works helped offset declines after a report showing slower growth in manufacturing last month.
Apple's Jobs tops Fortune's 25 most powerful businesspeople list
Apple co-founder and CEO Steve Jobs has been named as the most powerful businessman by Fortune magazine in a list which also features Lakshmi Mittal, Indra Nooyi and Ratan Tata.
Steel king Lakshmi Mittal beats Ambani brothers to retain richest Indian crown
Steel king Lakshmi Mittal beats Ambani brothers to retain
Steel tycoon Lakshmi N. Mittal, owner of the world’s largest steel group, ArcelorMittal, has topped the Indian rich list for the fourth year in a row, beating the Reliance brothers - Mukesh and Anil Ambani - with a fortune worth $51 billion, popular business and lifestyle magazine Forbes said.
Berkshire's Buffett says China is too hot to buy
Berkshire Hathaway Inc's Warren Buffett said on Wednesday he is scouring the world for big businesses, but is doubtful about finding a good buy in China because the market is too hot.
Wells Fargo, other banks hurt by credit losses
Wells Fargo & Co and other U.S. regional banks on Tuesday reported disappointing third-quarter results, hurt by mounting losses from mortgages and other loans as the U.S. housing market slumps.Earnings fell short of analysts' forecasts at Wells Fargo, Regions Financial Corp and KeyCorp U.S. Bancorp's results topped forecasts, though profit fell. All four banks said loan losses rose.
China's CITIC bids for Bear Stearns stake
China's CITIC Bank Corp Ltd is bidding for a stake in Bear Stearns Cos, a senior Chinese regulator said, in the first official confirmation of media reports that the state-run bank was a potential suitor for the smallest of Wall Street's five big independent brokerages.
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