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Warren Buffett's company has lined up an $8 billion loan to help pay for its $26.3 billion acquisition of Burlington Northern Santa Fe Corp.
Goldman Sachs Group Inc. is teaming with billionaire investor Warren Buffett to invest $500 million to provide thousands of small business owners across America with college scholarships and boost their access to capital.
Warren Buffett's company will sell its stakes in Union Pacific and Norfolk Southern railroads before it completes its $26.3 billion acquisition of Burlington Northern Santa Fe Corp. railroad.
Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating businesses struggled.
Private air service NetJets Inc., unit of Warren Buffett's Berkshire Hathaway Inc, says it will lay off up to 495 pilots nationwide because of a drop in demand.
In a Nov. 3 story about Warren Buffett's plan to acquire Burlington Northern, The Associated Press reported erroneously that Berkshire will pay $34 billion in cash and stock for Burlington. Berkshire will pay $23.6 billion in cash and stock for the shares of the company it doesn't already own. The total value of the company is $34 billion.
Fitch Ratings warned Thursday that Berkshire Hathaway Inc.'s deal for Burlington Northern Santa Fe Corp. could overexpose Warren Buffett's company to weaknesses in the economy at the expense of its more durable investments.
Warren Buffett's Berkshire Hathaway Inc. is sending a plan to split the iconic company's Class B shares to a shareholder vote as part of its plan to buy the Burlington Northern Santa Fe Corp.
In a Nov. 4 story, The Associated Press reported that the total value of Berkshire Hathaway's planned purchase of Burlington Northern Santa Fe Corp. was $34 billion. The story should have specified that Berkshire has agreed to pay $26.3 billion in cash and stock for the 77.4 percent of the company it doesn't now own, valuing the entire company at $34 billion.
A late-day slump left stocks mixed Wednesday as investors couldn't hold on to their optimism after the Federal Reserve gave an encouraging assessment of the economy. A House vote to speed up the effective date of limits on credit card companies took bank stocks sharply lower in the last hour of trading.
Billionaire investor Warren Buffett says the economy appears to have leveled off at the bottom of the recession over the summer, but Berkshire Hathaway's CEO still isn't seeing much improvement.
Now that the worst of the economic crisis is past and recovery is slowly under way, Congress must halt the mounting increase in U.S. debt to avoid damage to long-term growth and destruction of the dollar, Warren Buffett is urging.
Warren Buffett's company is defending the assumptions it makes to estimate the value of its derivatives even though they don't fully account for the broad market losses experienced in the last two years.
Warren Buffett's company on Friday reported a 14 percent jump in second-quarter profit as the improving stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts but the recession continued to weigh on its operating businesses.
The departure of NetJets Inc.'s founder is stirring speculation about who has the inside track on succeeding billionaire Warren Buffett at the aviation services company's parent, Berkshire Hathaway Inc.
Kids will finally have a chance to learn financial lessons from billionaire Warren Buffett when his cartoon is released this fall — three years later than planned.
The Canadian investment managers who paid $1.68 million in a charity auction to win lunch with investor Warren Buffett believe the meal will be worth it because of what they might learn from the billionaire.
The winner of this year's charity auction to dine with billionaire Warren Buffett gets a slight discount over last year, but will still plunk down more than $1.68 million dollars for lunch.
One of the most expensive steak lunches you can bid for goes online later this month, courtesy of billionaire Warren Buffett.
Warren Buffett's company found more bargains among beaten down marquee stocks during the first quarter as it added to its sizable investments in Wells Fargo & Co., US Bancorp and Johnson & Johnson.
A Taiwanese business tycoon has criticized U.S. investor Warren Buffett's decision to invest in a Chinese battery and car maker that faces a lawsuit accusing it of stealing trade secrets.
Billionaire Warren Buffett says the latest recession really shook up Americans' confidence but he sees the economic slide ending.
Warren Buffett's company reported a $1.5 billion first-quarter loss as it wrote down its ConocoPhillips investment and mostly unrealized derivative losses helped drag Berkshire Hathaway's results below last year's $940 million profit.
Warren Buffett's Berkshire Hathaway Inc. will release its first-quarter earnings report on May 8.
Warren Buffett's Berkshire Hathaway Inc. will not release its first-quarter earnings report this week on the eve of its annual meeting.
Goldman Sachs launches $500 million small business project - Nov. 17, 2009 Goldman Sachs earned an eye-popping $3.2 billion last quarter. Now it's decided to share some of that with the little guys.
Warren Buffett: The financial panic is overNEW YORK (Reuters) – Warren Buffett, perhaps the world's most admired investor, said on Thursday the financial panic that gripped the globe last year is a thing of the past, even as the U.S. economy's struggles persist.
Warren Buffett: Crisis, what crisis?The world's greatest investor is weathering the financial crisis by practising what he preaches. One of Warren Buffett's favourite sayings about the market is: "be greedy when others are fearful and fearful when others are greedy".
Warren Buffett thinks we should pay more tax. Is he right?Would the world be a better place if Warren Buffett was the model for how a capitalist should act?
Estate Tax Victory for those of us who have no estateThe coalition of corporate lobbyists and wealthy families, including the U.S Chamber of Commerce and the National Federation of Independent Businesses, dropped their long standing call for complete abolition of the tax, shifting their lobby resources into weakening the law.
Moody's Credit Rating Shares Down as Executives Testify to Congressional PanelI would love to be a fly on the wall during the testimony of the two executives from Moody's. The panel is exploring this ratings agency's alleged role in the financial meltdown.
Recession Will Pass, but Dollar May Be DoomedThe American economy is heading out of recession, but the long-term fate of the dollar may not be so bright, writes the Wall Street Journal.
Buffett: We're Going to Be Crushed Under Mountain of DebtDoes anyone think for a second that this healthcare debacle is affordable? The man with the mojo from Nebraska does not think so.
Buffett Says Federal Debt Poses Risks to Economy The U.S. must address the massive amounts of "monetary medicine" that have been pumped into the financial system and now pose threats to the world's largest economy and its currency, billionaire Warren Buffett said.
Berkshire Underestimated the Risks of Falling StocksEven the Oracle and his picks are suffering the effects of the recession.
American Express 2Q Net Down 48%; US Card Ops In Red Another near-record loss for this plastic provider. Although monumental losses were reported, the stock is holding steady and speculatively attributed to the primary shareholder: Buffett.
"We All As Americans Come Together As One - Teuta DedvukajAttention Rap, Hip Hop, & Our Pop Culture Artists - The Major Leagues Require Better Lyrics!
Warren Buffett Backs Second StimulusAs debate grows about a possible second stimulus package for the flagging American economy, at least one legendary investor is giving the idea his guarded approval.
Obamanomics Supporters -- Cracks in the DikeLarry Elder outlined strong arguments that "we have another threat to our security. It comes from within. We must fight this one with a war of ideas. The new threat is called Obamanomics." Elder cannot be more right on his assertion on the "war on ideas".
Winner of Lunch With Warren Buffett Gets a Windfall SHANGHAI — A Chinese businessman named Zhao Danyang paid a record $2.1 million in a charity auction on eBay last year to win a lunch date with one of his heroes: Warren E. Buffett, the so-called Oracle of Omaha. ...
Buffett chastizes Apple on Jobs health debacleApple was negligent when it failed to mention Steve Jobs' liver transplant, claims prominent American investor Warren Buffett. Speaking with CNBC, Buffett argues that the surgery was a "material fact" relevant to investors, and hence something the company should have disclosed.
Warren Buffet's gloomy economic predictionsInvesting guru Warren Buffett has predicted that the economy will get worse before it gets better. I am surprised to see him support a second stimulus package considering how fiscally conservative he is.
Warren Buffett to CNBC: U.S. Economy In "Shambles" .. No Signs of Recovery Yet - Warren Buffett Watch - CNBC.comWarren Buffet says the economy is in shambles and there has been little progress over the past few months in the "economic war" and "we haven't got the economy moving yet." Buffet says we should be concentrating on creating jobs.
Obama Steers Grads Astray: Let's Hope None of Them Take His Advice. by Kyle Smith. May 17, 2009 Posted: 4:20 am; updated 1:53 pm.Picture what it might be like to be, say, a 22-year-old Warren Buffett sitting through President Obama's big commencement speech last week.
Making It -- Warren Buffett and the Business of LifeIf he were not the second-richest person in the world, Warren Buffett's other well-known attributes—an Omaha address, a five-bedroom house where he's lived for fifty-two years, an annual $100,000 salary, and a phone he answers himself—would be unremarkable.
Pay Dirt: Executive Pay System is BrokenEven the Oracle himself stated the main cause of the current financial crisis was excessive compensation, which encouraged executives at financial institutions to take on too much leverage.
Warren Buffett Company Debuts Line of Green Prefab HomesWarren Buffett isn't the world's second richest man for nothing. He has an unsurpassed knack for picking good companies in strong industries at the right price. Most things he's touched have turned into gold.
The Oracle's Cloudy Crystal Ball Q1 $1.53 bln LossLosing $1.53B is most likely tied to quantum physics or Kevin Bacon's Six Degrees of Separation. How you lose that much money? By letting other people with no scruples manage it. I had a newspaper route as a kid, too. The difference is that I both managed AND collected.
Insurance still pillar of Berkshire empire: BuffettBeing a big insurer will cost Berkshire Hathaway Inc dearly when severe catastrophes strike, but it is a good place to be in the midst of an economic downturn, Chairman Warren Buffett said.
Buffett attacks tests for banksUS investor Warren Buffett has hit out at the government's "stress tests" of US banks, saying they do not properly assess the industry's health.
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