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Warren Buffett

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  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • In the 84- year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large- 751,000 times its original net worth per share- that the future pace of gains "will not come close" to those of the past. "I think Berkshire will outperform the average American company, but our advantage, if any, won't be great." Buffett, also addressing one...

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • NEW YORK, Feb 28- Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average. In his annual letter to shareholders, Buffett on Saturday said Berkshire's huge balance sheet gives him the power to...

  • Feb 28- Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday, telling them the group had found his successor. >Warren Buffett says Berkshire has' right person' as heir. >Berkshire Hathaway net falls, operating profit rises.

  • HIGHLIGHTS-Warren Buffett's letter to investors Saturday, 28 Feb 2015 | 12:27 PM ET

    NEW YORK, Feb 28- Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday, written with his usual mix of business facts, common-sense advice and showmanship. On lodging for the May 2 annual meeting in Omaha:. Airbnb's services may be especially helpful to shareholders who expect to spend only a single night in Omaha and are aware...

  • Buffett says 'sprawl' is good, but may not be good enough Saturday, 28 Feb 2015 | 11:49 AM ET

    NEW YORK, Feb 28- Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average. In his annual letter to shareholders, Buffett on Saturday said Berkshire's huge balance sheet gives him the power to...

  • Berkshire Hathaway's 4Q profit declines 17 percent Saturday, 28 Feb 2015 | 9:23 AM ET

    OMAHA, Neb.— Berkshire Hathaway Inc. said Saturday that its fourth quarter profit slid 17 percent because of declines in the paper value of its investments and derivative contracts. Berkshire's quarterly profit declined to $4.16 billion, or $2,529 per Class A share, on $48.3 billion in revenue. Those were $3.96 billion, or $2,412 per share, which is up from $3.78...

  • NEW YORK, Feb 28- Warren Buffett told investors on Saturday that Berkshire Hathaway Inc, which he has run for 50 years, has found his successor, giving more details than he ever has about the selection. "Both the board and I believe we now have the right person to succeed me as CEO- a successor ready to assume the job the day after I die or step down," the billionaire said in...

  • Feb 28- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit declined 17 percent as investment gains declined, but operating results improved. Net income fell to $4.16 billion, or $2,529 per Class A share, from $4.99 billion, or $3,035 per share, a year earlier. Quarterly operating profit rose 5 percent to $3.96 billion, or $2,412 per...

  • OMAHA, Neb.— Billionaire Warren Buffett is proud of what he's built as Berkshire Hathaway's CEO over the past 50 years, but he's also willing to admit making a few costly mistakes along the way. Vice Chairman Charlie Munger added his own letter this year, and predicted that Berkshire will be fine once he and Buffett are gone because of the management talent it...

  • NEW YORK, Feb 28- Warren Buffett, in his 50th anniversary letter to shareholders, said on Saturday that Berkshire Hathaway had finally chosen the right person to succeed him.

  • Berkshire Hathaway net falls, operating profit rises Saturday, 28 Feb 2015 | 8:08 AM ET

    Feb 28- Warren Buffett's Berkshire Hathaway Inc on Saturday said profit declined 17 percent in the fourth quarter from a year earlier, reflecting lower investment gains, though operating results improved. Net income fell to $4.16 billion, or $2,529 per Class A share, from $4.99 billion, or $3,035 per share, a year earlier. Quarterly operating profit rose 5 percent...

  • Apple vs. Exxon: What's the better buy? Friday, 27 Feb 2015 | 1:08 PM ET

    If you could pick one stock, Apple or Exxon, which would it be? Scott Fearon, author of "Dead Companies Walking" has a pick that might surprise you.

  • NEW YORK, Feb 27- Warren Buffett, in his annual letter to Berkshire Hathaway Inc shareholders last year, called America "the mother lode of opportunity." When Buffett releases this year's letter on Saturday, he may point to opportunities outside of the United States, after he recently decided to buy a German motorcycle accessories retailer and said he may shop more...

  • The Voya Corporate Leaders Trust Fund, now run by a unit of Voya Financial Inc bought equal amounts of stock in 30 major U.S. corporations in 1935 and hasn't picked a new stock since. Some of its holdings are unchanged, including DuPont, General Electric, Procter& Gamble and Union Pacific. Others were spun off from or acquired from original components, including...

  • How IBM plans to win back investors Thursday, 26 Feb 2015 | 9:05 AM ET
    Ginni Rometty, CEO of IBM

    At the annual IBM investors' meeting, CEO Ginny Rometty and her lieutenants lay out a plan for winning back investors.

  • How to ask Warren Buffett a question Wednesday, 25 Feb 2015 | 10:36 AM ET

    Warren Buffett will be live on CNBC's "Squawk Box" on Monday morning and the show wants your suggested questions.

  • Former Coca-Cola executive Donald Keough dies Tuesday, 24 Feb 2015 | 3:46 PM ET

    Feb 24- Donald Keough, Coca-Cola Co's COO and president during the company's intense "cola war" days with PepsiCo Inc in the' 80 s, has died at the age of 88.. Keough, who came to Coke following the purchase of Duncan Foods in 1960, rose through the ranks and became president and chief operating officer in 1981.. Goizueta and Keough replaced the Coca-Cola formula for the...

  • Obama presses new rule for broker retirement advice Monday, 23 Feb 2015 | 6:12 AM ET

    President Obama is pushing for a new rule that would require brokers to follow tighter standards when advising clients on retirement plans.