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.
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.
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...
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...
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....
Billionaire Warren Buffett's Berkshire Hathaway Inc reduced stakes in health-care company Johnson & Johnson and consumer products company Procter & Gamble Co.
NEW YORK - Even billionaire Bill Gates may be feeling the pinch these days.
The value of Gates' investments fell by $3 billion, or almost 20 percent, in the fourth quarter as the worst financial crisis in decades and a deepening recession hammered stock prices.
The investments of the Bill & Melinda Gates Foundation fell 19 percent to $9.07 billion, while those of Cascade Investment LLC, Ga...
Billionaire U.S. investor Warren Buffett is taking advantage of depressed share prices during the economic downturn, investing 3 billion Swiss francs ($2.6 billion) in the world's second largest insurer Swiss Re.
