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Warren Buffett

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  • Buffett says he expects to buy more car dealerships Tuesday, 31 Mar 2015 | 5:31 PM ET

    NEW YORK— Fresh off buying the nation's fourth-largest chain of car dealers, billionaire investor Warren Buffett says he expects to buy more dealerships even as a robust auto market makes showrooms more expensive. Sitting on a panel at the NADA/ J.D. Power Automotive Forum Tuesday, Buffett said he doesn't worry about overpaying for a dealer.

  • NEW YORK, March 31- Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said he would not raise interest rates significantly if he ran the Federal Reserve. Buffett spoke at an automotive industry conference in New York, along with the chairman of the Berkshire Hathaway automotive dealer group, Larry Van Tuyl.

  • NEW YORK, March 31- Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said Tuesday that an exit by Greece from the euro zone could be constructive for the region. Buffett also said there would be no "finish line" to deals like Kraft Foods Group Inc's announced merger with H.J. Heinz Co.. Heinz and Kraft, backed by Berkshire...

  • NEW YORK, March 31- Warren Buffett, the billionaire chief executive officer and chairman of Berkshire Hathaway Inc, said Tuesday that an exit by Greece from the euro zone could be constructive for the region. "If it turns out the Greeks leave, that may not be a bad thing for the euro," Buffett told cable television network CNBC. He said a Greek exit from the euro zone could...

  • DETROIT, March 31- Warren Buffett's Berkshire Hathaway Inc wants to purchase more U.S. auto dealerships to expand the company's automotive dealer venture, Larry Van Tuyl, chairman of Berkshire Hathaway Automotive, told CNBC on Tuesday.

  • Berkshire Hathaway buys 2 small Virginia newspapers Tuesday, 31 Mar 2015 | 9:58 AM ET

    OMAHA, Neb.— Warren Buffett's company has added two small Virginia newspapers to its collection of more than two dozen small and medium-sized newspapers. Berkshire Hathaway Media Group said Tuesday that it had acquired The Martinsville Bulletin in Martinsville and the Franklin News-Post in Rocky Mount from Haskell Newspapers. Berkshire Hathaway owns 31...

  • NEW YORK, March 27- The macaroni and ketchup merger of Kraft Foods Group and H.J. Brazilian private equity firm 3 G Capital Partners and Warren Buffett's Berkshire Hathaway announced a $46 billion deal to consolidate the companies Wednesday, one that will create the No. 3 packaged food maker in North America after PepsiCo and Nestle USA.. That should take some...

  • SAN FRANCISCO— Apple CEO Tim Cook is joining a long list of magnates promising to give away most of the wealth that they amass during their careers. Microsoft co-founder Bill Gates, Berkshire Hathaway CEO Warren Buffett and Oracle Chairman Larry Ellison are among more than 120 wealthy people and families who have announced they will give away their fortunes.

  • March 26- Apple Inc Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth. Fortune magazine cited the head of the world's largest technology corporation as saying he planned to donate his estimated $785 million fortune to charity- after paying for his 10- year-old nephew's college education. Billionaire financier...

  • LONDON/ NEW YORK, March 26- Anheuser-Busch InBev, the world's largest brewer, is close to proposing JAB Holding Chief Executive Olivier Goudet as its next chairman, according to four sources familiar with the matter. Goudet, born in 1964, has served as chief financial officer of US confectionery giant Mars Inc. Since June 2012, he has been partner and CEO of JAB...

  • Correction: Financial Markets story Thursday, 26 Mar 2015 | 12:21 AM ET

    Peter Cardillo works for Rockwell Global Capital, not Avalon Partners. The selling gathered strength in the afternoon, with companies like Avago Technologies and Skyworks Solutions losing the most. Peter Cardillo, chief market economist at Rockwell Global Capital, said the market's fall was driven by big investors selling some of their winnings before the...

  • Heinz Co, which is controlled by 3 G Capital and Buffett's Berkshire Hathaway. His larder already included everything from Burger King's Triple Whopper burgers, Coca-Cola soft drinks and Tim Horton donuts to See's Candies and Dairy Queen icecream Blizzards, as well as such Heinz brands as Tomato Ketchup, Ore-Ida fries, bagel bites and T.G.I. Friday's...

  • Cramer: Missed buying Kraft? Don't sweat it Wednesday, 25 Mar 2015 | 6:32 PM ET
    Kraft and Heinz products are shown in Chicago, March 25, 2015.

    Missed the Kraft-Heinz boat? Jim Cramer says don't worry! He is much more enthusiastic on cashing in on these portfolio trends.

  • Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc and Brazilian private equity firm 3 G Capital, will combine with Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. The deal deepens Buffett's hold on leading U.S. food brands, as well as that of 3 G founder Jorge Paulo Lemann, Brazil's richest man.

  • Kraft-Heinz cost-cutting impact will be limited Wednesday, 25 Mar 2015 | 1:28 PM ET
    Packages of Kraft Foods' Singles cheese slices are displayed at a supermarket in New York.

    The economic impact of cost cuts expected from the Kraft-Heinz merger announced Wednesday will likely be limited.

  • Buffett bonanza? Heinz and Kraft to merge Wednesday, 25 Mar 2015 | 12:39 PM ET
    Heinz and Kraft Foods to merge.

    Kraft Foods Group stock surges after the company announced a merger deal with H.J. Heinz.

  • Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, is buying a majority stake in Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. Company Annual sales Brands PepsiCo Inc $37.2 bln Pepsi, Lays, Tropicana,. *Reuters calculations based on data from annual report All figures for...

  • What the Kraft-Heinz deal means for food mergers Wednesday, 25 Mar 2015 | 12:01 PM ET
    Kraft Macaroni & Cheese and Heinz Tomato Ketchup

    The merger of Kraft and Heinz could pave the way for future food mergers, but dealmaking will likely dip in the near term, analysts tell CNBC.

  • Warren Buffett uses 'Civil War' analogy on the euro Wednesday, 25 Mar 2015 | 11:21 AM ET
    Warren Buffett

    Billionaire investor Warren Buffett tells CNBC the "odds are good" the euro will continue to exist, but it may need modifications.

  • Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, is acquiring a majority stake in Kraft Foods Group Inc to create the third-largest North American food company, executives said on Wednesday. Shares of Kraft were up more than 38 percent near $85 in morning trading. The deal would provide Heinz with access to Kraft brands, which it says are...