Berkshire Hathaway

Stories 41 - 60 | << Prev   Next >>

Buffett and Co. to Buy Heinz
 Buffett and Co. to Buy Heinz 

Buffett and Co. to Buy Heinz

In largest deal in food industry history

(Newser) - An investment group including Warren Buffett has agreed to buy HJ Heinz Co., in what the company says will be the largest deal in food industry history. Shareholders will get $72.50 in cash for each common share, a 20% premium on yesterday's closing price, meaning the deal values...

Lunch With Warren Buffett Goes for $3.5M

Charity auction sets record for meal with Berkshire Hathaway chairman

(Newser) - If this is how much lunch costs, one shudders to think of dinner. A private lunch with investor Warren Buffett was sold for $3.5 million yesterday, at a charity auction to help the homeless in San Francisco, reports the AP . While the Glide Foundation has raised $11.5 million...

Buffett's Latest Buy: 63 More Newspapers

In $142M deal

(Newser) - Billionaire Warren Buffett's company is making its largest foray into newspapers yet, agreeing to buy 63 papers from Media General Inc. The $142 million deal includes the Richmond Times-Dispatch and the Winston-Salem Journal. The company is selling all its papers except those in Tampa, most importantly the Tampa Tribune....

Buffett Feels 'Terrific' Despite Prostate Cancer

Berkshire shareholders seem to believe him

(Newser) - Warren Buffett insists that he's feeling good after his recent prostate cancer diagnosis. Based on the questions he got at Berkshire Hathaway's annual meeting, shareholders are taking him at his word. Despite the fact that Buffett just disclosed his cancer diagnosis last month, he didn't face the...

Berkshire Picks Successor for Warren Buffett

But CEO doesn't plan to step down anytime soon

(Newser) - The big news out of Warren Buffett's annual letter to Berkshire Hathaway shareholders is that he's finally picked a successor, reports the Wall Street Journal . He's just not saying who it is. Buffett, 81, also wrote that he is in "excellent health" and "isn't...

Buffett on Stocks: I'm Buying

The lower prices go, the more aggressive he gets

(Newser) - Amid economic uncertainty, how’s Warren Bufftet holding up? “Never been better,” he tells CNNMoney . “The lower things go, the more I buy. We are in the business of buying.” Meanwhile, he says he still sees US treasuries as triple-A, “in that there is no...

Buffett: Sokol's Stock Purchases 'Inexcusable'

But he takes some responsibility for Berkshire Hathaway controversy

(Newser) - In his first public comments since announcing David Sokol’s resignation one month ago, Warren Buffett called the actions of his one-time heir apparent “inexplicable and inexcusable.” At yesterday’s shareholders meeting, Buffett also took some responsibility for the controversy surrounding Berkshire Hathaway’s acquisition of Lubrizol Corp....

Board: Ex-Buffett Lieutenant Broke Law, Duped Boss

Berkshire board issues scathing report on Sokol dealings

(Newser) - Warren Buffett's former heir apparent David Sokol misled his boss and violated insider-trading rules when he bought shares in Lubrizol and then recommended Berkshire Hathaway buy it , Berkshire's board has concluded. A scathing report from the board portrays Buffett as a victim of Sokol's deception and says...

In Buffett Heir Apparent's Past: More Shadiness

Critics come out of the woodwork for ousted Berkshire exec

(Newser) - David Sokol’s sudden resignation —and the scandal that accompanied it—shocked the business world last week, but this isn’t the first time Warren Buffett’s ex-heir apparent's ethics have been questioned. Just last year, a judge rebuked Sokol for accounting irregularities at MidAmerican Energy, the company he...

Ex-Buffett Lieutenant: I Did Nothing Wrong

But in hindsight, David Sokol says, he shouldn't have mentioned company

(Newser) - David Sokol gave a lengthy, defiant interview on CNBC this morning, in which he breezily insisted that he’d done absolutely nothing wrong or unethical by buying 96,000 shares of Lubrizol , and then recommending boss Warren Buffett buy the company. Some had urged Sokol to get a securities lawyer...

Buffett's Heir Apparent Resigns Under Cloud

David Sokol steps down amid questions over stock buy

(Newser) - A Berkshire Hathaway executive once seen as the likeliest successor to billionaire investor Warren Buffett has abruptly resigned. David Sokol—who ran Berkshire subsidiaries including MidAmerican Energy and NetJets—says he is quitting to devote more time to philanthropy. His resignation, however, comes amid controversy over Sokol's acquisition of thousands...

Buffett: Beware 'Overpriced' Social Networking Sites

Oracle of Omaha will stick to his usual investments, thank you

(Newser) - Warren Buffett says he's just itching to make another big deal for his beloved Berkshire Hathaway, but you won't catch him frothing over the slew of initial public offerings expected in the tech world, reports Bloomberg . “Most of them will be overpriced,” said Buffett. "It’s extremely...

Warren Buffett: 'My Trigger Finger Is Itchy'

Berkshire boss looking for another big acquisition

(Newser) - Warren Buffett says he's looking to pull off another major deal on the scale of last year's big railroad purchase . "We're prepared," he writes in his closely watched annual letter to Berkshire Hathaway shareholders. "Our elephant gun has been reloaded, and my trigger finger is itchy."...

Warren Buffett's Greatest Investments

Coke and American Express have made him a bundle

(Newser) - Warren Buffett is one of the United States' greatest rags-to-riches stories. Once a whiz kid from Omaha, Buffett is now one of the world's wealthiest men. Here are some of the investments that got him there, from 24/7 WallSt .
  1. Coca-Cola: Buffett bought his first shares of Coke in 1988. By
...

Buffett Flags 39-Year-Old as Likely Successor

Todd Combs handed portion of $100 billion investment portfolio

(Newser) - When Warren Buffett eventually steps away from Berkshire Hathaway, the title of chief investment officer will likely go to a 39-year-old named Todd Combs. The little-known hedge fund manager effectively became Candidate No. 1 after Berkshire made the surprise announcement that he would oversee part of its $100 billion investment...

Warren Buffett: Cut Taxes, But Not for the Rich

Billionaire slams tax system, Wall Street 'casino' pay

(Newser) - Finance wiz Warren Buffett believes taxes should be cut—but not for him or other wealthy Americans. The 80-year-old investor, speaking at the Most Powerful Women summit in Washington, said it's absurd how he pays the lowest rate of tax of anybody in his office, including the cleaning lady, CNN...

Warren Buffett Lunch Snags $2.6M

Anonymous bidder sets record in charity auction

(Newser) - Warren Buffett's status as an oracle seems intact. An anonymous bidder will pay $2.6 million to have lunch with the chief of Berkshire Hathaway, topping the 2008 record of $2.1 million, reports Monsters & Critics . Buffett auctions off the lunch every year on eBay, with proceeds going to...

Warren Buffett, You Should Be Ashamed

His testimony on the meltdown is a PR disaster

(Newser) - Warren Buffett made a fool of himself on Capitol Hill yesterday, declares Felix Salmon. Forced to testify about the financial meltdown, he denied any culpability in the mess—never mind that he was the largest shareholder in Moody's. "From a PR point of view," writes Salmon at Reuters...

Buffett: I 'Love' Goldman Investment

Oracle gets behind Blankfein at shareholder meeting

(Newser) - Warren Buffett has no plans to sell Berkshire Hathaway's stake in Goldman Sachs as the investment bank fights civil fraud charges, saying today that he "loves" his $5 billion investment because it generates 10% interest a year. The Oracle of Omaha spoke today during Berkshire's annual shareholders meeting—but...

Warren Buffett to Sound Off on Goldman Sachs

Berkshire Hathaway honcho promises 'extensive' remarks

(Newser) - Goldman Sachs might want to brace itself. Warren Buffett, who just happens to be one of the firm's biggest investors, is ready to “fire at will” during the Berkshire Hathaway shareholders meeting this weekend, the Wall Street Journal reports. “I expect to get multiple questions about Goldman,”...

Stories 41 - 60 | << Prev   Next >>