Warren Buffett

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In Crisis, Buffett Is Modern JP Morgan

'Oracle of Omaha' offers financial, psychological help to stressed America

(Newser) - Amid the financial panic of 1907, financier JP Morgan stepped in to play the role of central bank, crafting an economic rescue plan and using his personality to offer worried Americans a psychological boost. Today, Warren Buffett’s financial aid to Wall Street and calming influence on Main Street are...

Buffett Grabs $3B Chunk of GE

Shrewd market player aiming for windfall after chaos clears

(Newser) - Mega-pockets investor Warren Buffett is sinking $3 billion into General Electric, whose share prices have slumped a third amid the financial chaos on Wall Street, Reuters reports. Buffet, 78, negotiated a 10% dividend, which could generate $300 million income a year. The move comes a week after he invested $5...

Buffett Gains Big Say on Nuclear Power

New deal gives longtime skeptic clout about industry's future

(Newser) - Warren Buffett’s $4.7 billion agreement to rescue Constellation Energy Group this week netted the billionaire investor more than just a utility. Buffett now will have a big say in the future of nuclear power in the US, the Wall Street Journal reports. He has long been skeptical of...

For Buffett, Goldman Deal Was a Snap
For Buffett, Goldman Deal Was a Snap
Sep 25, 2008 10:29 AM CDT

For Buffett, Goldman Deal Was a Snap

But if Congress doesn't pass Treasury's bailout, he'll 'get killed'

(Newser) - Billionaire Warren Buffett has been getting a lot of calls lately from struggling Wall Street firms looking for a savior, from Bear Stearns to Lehman Brothers to AIG. He’s turned them all down, the Wall Street Journal reports, but when Goldman Sachs called Tuesday, the Oracle of Omaha ponied...

Stocks Flat Amid Bailout Wait
 Stocks Flat Amid Bailout Wait 
MARKETS
Sep 24, 2008 3:25 PM CDT

Stocks Flat Amid Bailout Wait

Housing sales decline; Buffet boosts Goldman

(Newser) - Stocks swung between gains and losses today as the proposed financial bailout continued to dominate conversation but remained unsettled. The technology-rich Nasdaq was more insulated from the swings, and closed up 2.35 at 2,155.68. The Dow lost 29.00 to close at 10,825.17, while the...

Women Tower in Buffett's Biography
Women Tower
in Buffett's Biography
Sep 24, 2008 3:00 PM CDT

Women Tower in Buffett's Biography

Oracle of Omaha needed 'to be loved and never criticized'

(Newser) - Warren Buffett’s personal life is a lot messier than his balance sheet, according to a biography. In The Snowball: Warren Buffet and the Business of Life, which hits stores Monday, the Oracle of Omaha for the first time cooperates with a biographer, producing a revealing look at the folksy...

Goldman Raises $10B After Buffett's Buy-in

New stock offering nets twice as much as bank expected

(Newser) - Where Warren Buffett goes, investors follow. Goldman’s new stock offering pulled in $5 billion this morning, twice the $2.5 billion the firm expected, as investors followed Buffett’s lead, Bloomberg reports. That extra money, combined with Buffett’s $5 billion investment, “should quickly end credit-market debate about...

Buffett's Goldman Buy Stabilizes Stocks
 Buffett's Goldman Buy 
 Stabilizes Stocks 
MARKETS
Sep 24, 2008 9:16 AM CDT

Buffett's Goldman Buy Stabilizes Stocks

Sage of Omaha backs Paulson

(Newser) - Stocks rose slightly at the open, reports the Wall Street Journal, buoyed by Warren Buffett’s $5 billion vote of confidence in Goldman Sachs. The Dow Jones rose 21 points, while the S&P rose 0.3%, and the Nasdaq 0.9%. Capitol Hill will again command Wall Street's attention...

Buffett Invests $5B in Goldman
 Buffett Invests $5B in Goldman 
Sep 23, 2008 5:31 PM CDT

Buffett Invests $5B in Goldman

(Newser) - Warren Buffett is betting $5 billion on the future of Goldman Sachs, the Financial Times reports. The move by one of the world's savviest investors is one of the biggest signs of confidence in the financial system since the current turmoil began, the Wall Street Journal notes. Goldman, which this...

Buffett Strikes as Investors Flee; Buys Energy Firm

In his first move of the current market crisis, the Oracle collects more energy

(Newser) - Warren Buffett swooped in yesterday with one of his patented moves, his first during the current market turmoil. He purchased Constellation Energy Group, Baltimore’s large hometown energy supplier, after its stock plummeted by 60 percent since Monday, the Sun reports. As investors fled the company, Buffett saw opportunity, adding...

Obama, McCain Woo CEOs to Shore Up Economic Cred

Candidates try to make up for their lacking economic records

(Newser) - John McCain and Barack Obama are doggedly courting CEOs of leading businesses in an effort to win voters' economic confidence, the Wall Street Journal reports. Each candidate has already lined up a corps of "poster CEOs," including the FedEx chairman, who is supporting McCain, and Warren Buffet, who...

Dow Chemical Drops $15.3B on Rohm & Haas

Deal may signal start of consolidation in chemical industry

(Newser) - In what may be the beginning of a long-anticipated consolidation of the chemical industry, Dow Chemical today said it was buying coatings and electronic-materials company Rohm & Haas in a $15.3 billion all-cash deal, reports the Wall Street Journal. Dow is backed by $3 billion from Warren Buffett's Berkshire...

Investor Wins $2.1M Lunch With Buffett

Charity auction for San Francisco homeless sets record

(Newser) - A Chinese investment fund manager won the chance to have lunch with billionaire Warren Buffett by bidding $2.1 million in the most expensive charity auction ever held on eBay. Zhao Danyang of the Hong Kong-based Pureheart China Growth Investment Fund won the auction, which ended Friday evening with a...

Buffett Bets Big Against Hedge Funds
Buffett Bets
Big Against Hedge Funds
Jun 10, 2008 12:16 PM CDT

Buffett Bets Big Against Hedge Funds

Market will beat the pros, legendary investor wagers

(Newser) - Warren Buffett has a lot of money to put where his mouth is. The Oracle of Omaha has bet $320,000 that the market, as measured by the S&P 500, will beat a collection of five carefully selected hedge funds, reports CNNMoney. Taking him on is Protégé Partners,...

Thousands Line Up for Buffett's So-So News

Don't expect big Berkshire gains like before, he says

(Newser) - Thousands of stockholders descended on Omaha for today's annual Berkshire Hathaway meeting, but what they heard didn't send Blackberries abuzz, the Wall Street Journal reports. Warren Buffett said his iconic company won’t be pulling in double-digit returns anymore. “Anyone that expects us to come close to replicating the...

Buffett Poised to Clean Up in Bear Market

Oracle of Omaha prepares $40B spending spree

(Newser) - As the US teeters on the brink of recession and most investors remain sidelined by the credit crunch, Warren Buffett is poised to spend more than $40 billion to scoop up bargains. Berkshire Hathaway rose 22% over the last 12 months while other stocks sputtered, and now, Bloomberg reports, the...

Fed Rate-Cut Jitters Knock Out Gains
 Fed Rate-Cut Jitters 
 Knock Out Gains  
MARKETS
Apr 28, 2008 3:46 PM CDT

Fed Rate-Cut Jitters Knock Out Gains

Will the Fed cut rates, and by how much?

(Newser) - Stocks ended mixed today as concerns that the Fed might not cut rates at this week's meeting overwhelmed earlier gains that followed announcements of big deals, reports the Wall Street Journal. The Dow ended down 20.11 at 12,871.75, the Nasdaq up 1.47 at 2,424.40,...

Mars Buys Wrigley, With Assist From Buffett
Mars Buys Wrigley, With Assist From Buffett
UPDATED
Apr 28, 2008 8:05 AM CDT

Mars Buys Wrigley, With Assist From Buffett

Proposed purchase could push Hershey into merger to compete

(Newser) - M&Ms-maker Mars, backed by Warren Buffett, has made a deal to buy Wm. Wrigley Jr. Co. for about $23 billion, reports the New York Times. The acquisition is likely to force other candy makers like Hershey and Cadbury Schweppes into mergers to maintain market share against a powerful conglomerate...

Buffett Covets Euro Family Businesses

Billionaire investor scouts targets for $40B in cash

(Newser) - Warren Buffett is looking to put some of Berkshire Hathaway’s $40 billion in cash to work outside the US, targeting family-owned European businesses for acquisition, reports Bloomberg. Buffett—who Forbes magazine says is the world’s richest person--is going on a scouting tour next month to four European cities.

Warren Buffett: Soap Star
 Warren Buffett: Soap Star 
Mar 19, 2008 8:07 PM CDT

Warren Buffett: Soap Star

Billionaire investing guru will make a cameo on "All My Children"

(Newser) - Well, sure, he can make a billion at the drop of a hat. But can the man act? We'll see. Warren Buffett, he who sits atop the list of wealthiest people, with $62 billion, will make a cameo on the soap "All My Children" during May sweeps week, Reuters...

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