Matt Rose, one of Warren Buffett's possible successors as Berkshire Hathaway's CEO, will drop his CEO role at BNSF and become the railroad's chairman.» Read More
SHANGHAI, Nov 4- Warren Buffett- backed Chinese carmaker BYD Co Ltd said it would hire more local employees at its new electric bus factory in California, its latest response to criticism that it violated labor rules in the United States.
Fairfax, the largest shareholder in BlackBerry with a 10 percent stake, reached a tentative $9- per-share deal with BlackBerry in late September, and has until Nov. 4 to negotiate a definitive agreement.
Warren Buffett's Berkshire Hathaway posted a 29% jump in third-quarter profit, but operating results fell short of analyst forecasts.
Nov 1- Warren Buffett's Berkshire Hathaway Inc posted a 29 percent jump in third-quarter profit on Friday, but operating results fell short of analyst forecasts amid weakness in its insurance operations. Net income rose to $5.05 billion, or $3,074 per Class A share, from $3.92 billion, or $2,373 per share, a year earlier.
LONDON, Nov 1- Warren Buffett's Burlington Northern-Santa Fe railroad captured headlines earlier this year when it announced it would start trialling trains powered by liquefied natural gas.
NEW YORK, Oct 31- Bill Gross, manager of the world's largest bond fund, urged fellow members of the "privileged 1 percent," earning the highest incomes, to support higher U.S. taxes on carried interest and capital gains to help the economy.
Eike Batista's OGX—the cornerstone of his short-lived mining, energy and shipping empire—is expected to file for bankruptcy as early as this weekend.
Heinz Co, since that company is now led by Bernardo Hees, the former chief executive of hamburger rival Burger King Worldwide Inc.. The switch will be more apparent overseas than in the United States, as McDonald's only serves Heinz ketchup in two domestic markets- Pittsburgh and Minneapolis, the Pittsburgh Post-Gazette reported on Friday.
Heinz Co, since that company is now led by Bernardo Hees, the former chief executive of hamburger rival Burger King Worldwide Inc.. The switch will be more apparent overseas than in the United States, since McDonald's only serves Heinz ketchup in two domestic markets- Pittsburgh and Minneapolis, the Pittsburgh Post-Gazette reported on Friday.
Warren Buffett, showing again that he is not shy about showing his ukulele skills in public, did his take on "My Way" in NBC "TODAY" show's Orange Room.
Sean "Diddy" Combs wants some advice from Warren Buffett on how to become richer than the Omaha billionaire.
ATHENS, Oct 21- Canadian investment fund Fairfax Holdings has become the third-biggest shareholder of Greek industrial group Mytilineos, acquiring a 5 percent stake worth about 30 million euros, the two companies said on Monday. A 5 percent stake in Mytilineos is worth about 30 million euros on the Athens stock exchange.
Berkshire Hathaway will receive 10.7 million shares of General Electric on Thursday as it exercises warrants received in 2008.
"We're hearing so much more about the government shutdown now and it's not just a sentiment of being fed up, fear is really starting to set in," said Tammy Darvish, vice president of DARCARS Automotive Group, a family-run company that owns 21 auto dealerships in the greater Washington area.
DETROIT/ CHICAGO, Oct 16- A deal over the U.S. budget crisis and government shutdown cannot come soon enough for many companies.
"My own butt was the inspiration" for the Spanx phenomenon, self-made billionaire Sara Blakely told CNBC on Wednesday.
The federal investigations into JPMorgan are like cops following you for 500 miles, Warren Buffett said. "You're going to get a ticket."
Berkshire Hathaway's chairman said he doesn't expect the U.S. will default on its debt, but if it does it would be a "pure act of idiocy."
The stock market is not overvalued right now, but it's no bargain anymore, Leon Cooperman, chairman and CEO of Omega Advisors, told CNBC on Tuesday.
Oct 8- Warren Buffett's Berkshire Hathaway Inc disclosed a 2.8 percent passive stake in Goldman Sachs Group Inc as it converted warrants acquired during the financial crisis.