Warren Buffett's annual gift to the Gates Foundation is worth a record $2.1 billion this year, up from $2.0 billion last year.» Read More
Warren Buffett spoke live this morning (Monday) with CNBC's Squawk Box about his role in today's $23 billion Mars acquisition of Wrigley spacer. The previous Warren Buffett Watch post has the highlights. Here is the complete interview in two parts, both video and transcript.
Warren Buffett is known for the pithy, memorable, often funny, quotes that concisely capture the core of his wisdom on investing and life. Let's call them Buffett Bites. We're asking you to help crown the "best" Warren Buffett Bite of all time.
Mars confirmed that it is buying Wrigley's for $23B in partnership with Warren Buffett. The deal would rank as the third biggest deal of the year. Here are the top deals of year to date...
Warren Buffett called into CNBC's Squawk Box minutes ago to discuss Berkshire Hathaway's financing role in a $23 billion dollar deal that has candy-maker Mars buying gum-maker Wm. Wrigley Jr. Co. It's a classic brand-play for Buffett. In a live telephone conversation this morning, Buffett tells the Squawk Box team. "There's really nothing that can wrong with something like the Wrigley or the Mars Brands."
Mars, the makers of M&M’s, was near a deal last night to acquire the Wm. Wrigley Jr. Company, the chewing gum concern, for more than $22 billion, people involved in the talks said.
Warren Buffett's new municipal bond insurer has received its second AAA credit rating, just months after it was created in response to the stumbles of veteran insurers like Ambac and MBIA. That's much faster than executives at those companies and some analysts had predicted.
Warren Buffett tells CNBC he will tour Europe in the third week of May to "get on the radar screen of large family-owned businesses" that might want to be acquired by Berkshire Hathaway.
Munich Re's CEO says Warren Buffett's Berkshire Hathaway holds a stake in the German reinsurer.
Warren Buffett's railroad ride with Burlington Northern Santa Fe looks increasingly profitable lately. The stock jumped almost 5 percent today (Wednesday) to close at an all-time high of $99.30. That's a gain of almost 30 percent since Berkshire Hathaway finished up its most recent string of Burlington buys in late January.
The resignation of General Re's CEO, apparently in response to pressure from Federal prosecutors, is generating some heated debate on whether Washington should stay out of Warren Buffett's boardroom. See Closing Bell's heated discussion on the issue.
Warren Buffett and a root-beer float grace the cover of the latest edition of Fortune Magazine with the headline "What Warren Thinks ..." Among other things, Buffett reveals his thoughts on the government's role in the Bear Stearns rescue.
General Re Chairman and CEO Joseph Brandon, who had once been seen as a possible successor to Warren Buffett, has resigned. He apparently fell victim to pressure from the Federal government to have him ousted.
Berkshire Hathaway Assurance Corp., Warren Buffett's fledgling bond insurer, has received AAA financial strength and financial enhancement ratings from Standard & Poor's Rating Services, the top rating available.
The German national newspaper Frankfurter Allgemeine Zeitung, often referred to as FAZ, will report in tomorrow's (Thursday) edition that Warren Buffett's Berkshire Hathaway has bought one million shares of Munich Re over the past six months.
Warren Buffett ranks number one on Directorship magazine's new list of the most admired board directors. Its Annual Survey of Exceptional Directors is compiled using "data from proxy firms, reader polls and governance experts."
The Federal government is trying to get Warren Buffett to fire one of his top executives on a question of integrity, according to The Wall Street Journal. Citing "people familiar with the situation," today's Journal says, "Federal prosecutors are pressuring Berkshire Hathaway to replace the chief executive of its reinsurance subsidiary, General Re." General Re CEO Joseph Brandon has not been formally charged with any crime, but the Journal says, "Prosecutors identified Mr. Brandon as an unindicted alleged co-conspirator" in a series of bogus deals designed to artificially inflate AIG's earnings and its stock price.
Warren Buffett is supporting his son's contribution of a song to a worldwide effort to end violence against women.
Peter Buffett is adding his voice to a worldwide effort to end violence against women. He's donated a song (available as a free download) called Can We Love? to playwright Eve Ensler's V-Day, a "global movement to stop violence against women and girls." I'm told Buffett will perform the song at a massive 10th anniversary V-Day celebration, "V to the Tenth" next Friday and Saturday (April 11-12) at the New Orleans Arena and the Louisiana Superdome. Salma Hayek, Oprah Winfrey, Jane Fonda and Faith Hill are among the headliners for the event.
Warren Buffett's new bond insurer, Berkshire Hathaway Assurance Corp., is now licensed by 44 states and the District of Columbia. In a statement today, the National Association of Insurance Commissioners takes credit for "providing a streamlined, uniform application process ... (to) facilitate the speedy entrance of a well-capitalized company into the bond insurance marketplace."
California's Treasurer isn't welcoming Warren Buffett's move into the bond insurance business. He's even talking about getting the state into the business itself to compete with Berkshire Hathaway's conservative, and pricey, view of risk in the muni bond market.