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Warren Buffett

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  • OMAHA, Neb.— Investor Warren Buffett is praising both IBM and ExxonMobil even though the computing business has struggled and Berkshire Hathaway sold its 41 million shares in the oil producer. Buffett says he still likes IBM's prospects even though the company has been dealing with declining sales. He backed that up by increasing Berkshire's stake in IBM to...

  • OMAHA, Neb.— Billionaire Warren Buffett didn't end the speculation about his eventual successor, but he reiterated Monday that Berkshire Hathaway's board has a plan in place. Berkshire's Vice Chairman Charlie Munger spurred renewed interest in the replacement for the 84- year-old Buffett over the weekend because he singled out two candidates in his own...

  • NEW YORK, March 1- Greg Abel, the 52- year-old head of Berkshire Hathaway Energy, is not unlike the company he oversees: like utilities themselves, he is reliable, hard-working- and usually in the background. Those traits could serve him well should he indeed succeed the iconic Buffett, who has headed the sprawling Berkshire Hathaway conglomerate for 50 years.

  • NEW YORK, March 1- Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate's insurance businesses. Buffett, the billionaire chief executive officer and chairman of Berkshire, said he would also support Jain if ever he decided to seek Buffett's post.

  • OMAHA, Neb.— The crowd at this year's Berkshire Hathaway annual meeting is likely to top 40,000 as the company marks 50 years of Warren Buffett's leadership. Berkshire investors routinely fill Omaha's downtown arena and overflow rooms at the conference center and a hotel across the street for the meeting. Not long before the arena doors open at 7 a.m. on May 2, a...

  • 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 sees BNSF drag, hints at successor Saturday, 28 Feb 2015 | 8:26 AM ET
    Warren Buffett speaks at the “Detroit Homecoming” event, Sept. 18, 2014.

    Berkshire Hathaway reaped $18.3 billion last year, the company's annual report said on Saturday.

  • 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...

  • Cramer Remix: What was Buffett thinking on IBM? Friday, 27 Feb 2015 | 7:37 PM ET
    Jim Cramer on the set of Mad Money

    Jim Cramer has his ears open to look for these answers from Warren Buffett this weekend, which could change the game for your portfolio.