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Warren Buffett

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  • NEW YORK, Jan 29- With a scheduled trial just four weeks away, the former chairman of American International Group Inc said New York's attorney general should abandon his nearly decade-old fraud case against him, calling it a waste of taxpayer dollars in pursuit of a hollow "trophy" victory. The non-jury trial, scheduled for Feb. 24 in Manhattan before State Supreme...

  • Jan 27- Procter& Gamble Co, the world's largest household products maker, said on Tuesday that impact from a strong dollar would hurt earnings this fiscal year, with full year net sales likely to fall 3 to 4 percent, sending its shares down nearly 4 percent. Out of that, $1 billion would be as a result of currency devaluation in six countries- Russia, Ukraine, Venezuela,...

  • Berkshire's NetJets defeats $500 million IRS tax claim Tuesday, 27 Jan 2015 | 11:08 AM ET

    NEW YORK, Jan 27- NetJets Inc, the private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc, has defeated a U.S. Internal Revenue Service lawsuit attempting to recoup more than $500 million of unpaid taxes, penalties and interest. District Judge Edmund Sargus in Columbus, Ohio, said on Monday that the IRS was bound by guidance it gave a NetJets...

  • Soros eyes investing in auto dealer groups -report Monday, 26 Jan 2015 | 10:48 AM ET

    DETROIT, Jan 26- Billionaire financier George Soros wants to invest in or buy a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. Two representatives of Soros Fund management, which Soros chairs, attended the National Automobile Dealers Association convention in San Francisco over the...

  • Jan 21- The chief executive of Tootsie Roll Industries Inc has died after more than half a century at the helm of the U.S. candy maker, sparking speculation that the company could soon be ripe for acquisition. Melvin Gordon died, aged 95, after a brief illness, according to a statement from the company he had headed since 1962. His wife, Ellen Gordon, takes over as chief...

  • Jan 16- PepsiCo Inc said it had elected an adviser at Nelson Peltz's Trian Fund Management to its board, signaling a truce between the company and the activist investor following his two- year push to split the snack and beverage maker. Heinz Co, will join the board effective March 23, and he will also be included in the slate of nominees for election to the board at the...

  • UPDATE 1-Carlos Slim becomes top NY Times shareholder Wednesday, 14 Jan 2015 | 6:11 PM ET

    Jan 14- Mexican billionaire Carlos Slim has become the largest shareholder of New York Times Co after exercising warrants to double his stake in the publisher to 16.8 percent. New York Times, controlled by the Ochs-Sulzberger family through Class B shares, paid back the loan in 2011.. New York Times intends to use cash proceeds of about $101.1 million to buy back...

  • Investment firm 3G Capital scouts new targets - WSJ Wednesday, 7 Jan 2015 | 1:53 AM ET

    Executives at the New York- based Brazilian investment firm are discussing the possibility of buying a food or beverage company such as Campbell Soup Co or even PepsiCo Inc, the newspaper reported. 3 G could collaborate with brewing company Anheuser-Busch InBev or end up taking only pieces of PepsiCo, which has a market capitalization of about $140 billion, the...

  • Producer's Note: On ‘Squawk’s’ move to NYC Tuesday, 6 Jan 2015 | 4:25 PM ET
    Andrew Ross Sorkin, Becky Quick and Joe Kernen on the set of Squawk Box in Englewood Cliffs, N.J.

    Matt Quayle, senior executive producer for CNBC's "Squawk Box," writes about the show's evolution over the past 20 years and its future.

  • Buffett and Gates agree on this key to success Monday, 5 Jan 2015 | 11:55 AM ET
    Bill Gates and Warren Buffett

    Warren Buffett and Bill Gates both agree on the same key factor to achieving success in anything you do.

  • 2014 was a boom for some execs, bust for others Friday, 2 Jan 2015 | 5:55 PM ET

    Notable, wealthy founders and executives saw a wide spectrum of gains and losses from their company's stock movement in 2014.

  • BEIJING, Dec 23- Investor Warren Buffett's NetJets Inc has been caught by surprise by headwinds in China amid Beijing's austerity drive and a slowing economy, the business aircraft supplier's chief executive officer said. Less than three months after NetJets won regulatory approval to provide charter services in China, business in and around China is...

  • Cramer: Competition + stocks = Cold-blooded killer Monday, 22 Dec 2014 | 6:11 PM ET
    Facebook headquarters

    Price competition might be a good thing for the consumer, but Jim Cramer recommends running far from the stocks—especially in this sector.

  • Warren Buffett’s big China car bet just lost $1B Thursday, 18 Dec 2014 | 10:07 AM ET
    Warren Buffett, Chairman and CEO of Berkshire Hathaway answers questions at a press conference at which Detroit was named the 11th city to be included in the $500 million Goldman Sachs initiative at Ford Field.

    Warren Buffett took a hit when shares in Chinese car company BYD plunged on Thursday, The New York Times reports.

  • Buy American? Not so for retail stock fund investors Wednesday, 17 Dec 2014 | 7:00 AM ET

    NEW YORK, Dec 17- A record run in U.S. stocks does not appear to have won over one large investor pool: Mom-and-pop retail investors. So far this year, mutual fund buyers have added about $1.6 billion in net new cash to domestic stock funds, according to data from Thomson Reuters unit Lipper. "That's almost a rounding error," said Tom Roseen, head of research services at...

  • UPDATE 1-Jefferies in talks to sell futures business Tuesday, 16 Dec 2014 | 9:33 AM ET

    Dec 16- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a quarterly net loss and said it was in talks to sell its futures brokerage. Jefferies bought the business, formerly known as Prudential Bache, from Prudential Financial Inc in 2011 for $430 million to expand into a full-fledged investment bank. Leucadia, which models itself on...

  • Dec 15- Wintergreen Advisers, a minority shareholder in Coca-Cola Co, said Chief Executive Muhtar Kent was "incapable of leading Coke's turnaround and should be replaced." "The strategic investments made by CEO Muhtar Kent have destroyed shareholder value. This year alone, Coca-Cola spent $3.5 billion in buying minority stakes in beverage companies Monster...

  • Dec 15- Wintergreen Advisers, a minority shareholder in Coca-Cola Co, said Chief Executive Muhtar Kent was "incapable of leading Coke's turnaround and should be replaced." "The strategic investments made by CEO Muhtar Kent have destroyed shareholder value. Following criticism from Warren Buffett and other investors for its outsized employee share rewards,...

  • *Fosun Intl moves to new insurance-based business model. A Club Med takeover would represent the most significant co-investment between Fosun and Fidelidade, the Portuguese insurance firm Fosun forked out $1.29 billion to buy in May, and advance Guo's goal of turning his Shanghai- based manufacturing and real estate-focused conglomerate into a...

  • Tesco's troubles split funds seeking oversold stocks Wednesday, 10 Dec 2014 | 12:03 PM ET

    *Harris Associates a big seller. LONDON, Dec 10- A halving of Tesco's share price is luring only the boldest active fund managers back into Britain's top supermarket group, with many still unpersuaded it can recover from a year of disasters. While still Britain's biggest grocer by far, Tesco's days of achieving startling growth appear to be over.