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Warren Buffett answered questions for almost 90 minutes yesterday during his appearance in Toronto to promote Business Wire's expansion into Canada. We focused on his credit, dollar and economy comments, but he made a lot of other news as well, including a revelation to Canada's National Post newspaper that he made "several hundred million dollars" owning the Canadian dollar, then sold, and now wishes he had kept his holdings in the Loonie.
Warren Buffett calls CNBC's Becky Quick during Squawk Box to correct the record on a headline-generating dollar comment yesterday in Toronto.
In a Toronto appearance late this afternoon, Warren Buffett said interest rate cuts by central bankers have made money more available and even inexpensive. Buffett also repeated his concerns about the U.S. dollar due to the nation's high current account deficit and echoed his long-term optimism about the health of the U.S. economy.
Warren Buffett appears today (Wednesday, February 6) at 4p ET at an event in Toronto for "investor relations and corporate communications professionals" designed to draw attention to Business Wire's expansion into Canada. While the event is not open to the general public, with the assistance of Business Wire, CNBC.com's Warren Buffett Watch plans to carry live audio of Buffett's appearance.
Warren Buffett heads to Toronto tomorrow (Wednesday, February 6) to appear at an event for "investor relations and corporate communications professionals" drawing attention to Business Wire's expansion into Canada. It is not open to the general public.
Standard and Poor's has just released the results of its twice-a-year stock screen, designed to find Warren Buffett-style stocks. The new list features several tech stocks, including Apple, as well as a number of names from Europe and Asia. But some key Buffett criteria aren't taken into account by the screen.
Shares of Burlington Northern Santa Fe have soared by more than 15 percent since Warren Buffett's Berkshire Hathaway completed a string of almost daily stock purchases in mid-January.
A group of state insurance regulators says it's working with Warren Buffett's Berkshire Hathaway on a single "streamlined" application for licenses to sell bond insurance in all 50 states. But even if Berkshire does get all those licenses, and it probably will, that doesn't necessarily mean Warren Buffett & Co. will be actually writing bond insurance policies in every state right away.
Warren Buffett's daily Burlington buys continue. Berkshire Hathaway has bought Burlington Northern Santa Fe shares on 11 of the 12 trading days through last Tuesday, January 22. The latest purchase is the smallest in the recent series and was made at the lowest price.
Berkshire Hathaway is getting a big piece of Swiss Re's insurance action as the world's largest reinsurer hooks up with Warren Buffett in what one analyst calls "an odd coupling." The deal appears to show Buffett is confident of better times to come for reinsurers.
The markets are once again in turmoil. Fears of recession in the United States and the continued fallout from the credit crunch are taking a big toll on markets around the world and the Wall Street is ready to tumble at the open following a three-day weekend.So, to help keep things in a longer-term perspective, it feels appropriate to revisit a very popular post from last summer with some timeless advice: What Would Warren Do?
Warren Buffett's stake in Burlington Northern Santa Fe has topped 18 percent after his Berkshire Hathaway holding company bought an additional 1.25 million shares for $96 million over the past three days. That brings its total holdings to 63,775,118 shares, or 18.2% of the freight railroad's total outstanding shares.
Warren Buffett's Berkshire Hathaway is once again adding to its stake in Burlington Northern Santa Fe after taking a break for the last few months. A filing with the SEC minutes ago reveals purchases of Burlington stock today, yesterday and Tuesday. Earlier today, Berkshire disclosed a small purchase on Monday. So, every day of the week so far, Buffett has bought some Burlington. They are the first disclosed purchases since a string of buys that began last spring and ended in October.
While I promise not to get into the business of writing about the daily ups and downs of Berkshire Hathaway's stock, I do think it's worth briefly noting that shares of Warren Buffett's holding company had a great day, in stark contrast to Wall Street's great gloom.
Just weeks after closing at an all-time high in mid-December, shares of Warren Buffett's holding company Berkshire Hathaway are falling deeper into 'correction' territory. Berkshire ended today's trading at $126,400 each. That's down more than 15 percent from the December 10 record closing high of $149,200. Is Berkshire now a bargain?
Warren Buffett's stake in Burlington Northern Santa Fe is approaching 18 percent after Berkshire Hathaway paid close to $74 million for nearly a million shares on Monday and Tuesday of this week.
Berkshire Hathaway's stock has ended 2007 with its biggest annual percentage gain since 1998. Shares in Warren Buffett's holding company closed just a few minutes ago at $141,600. That's an increase of 28.7 percent from 2006's close of $109,990. Berkshire shares haven't done better in any calendar year since 1998, when they soared 52.2 percent. Check out the 31-year scorecard.
The furniture rental subsidiary of Warren Buffett's Berkshire Hathaway is expanding into the United Kingdom. Cort, "the leading furniture provider in the 'rent-to-rent' industry in the United States," says it is buying England's Roomservice Group, which describes itself as "the UK's leading furnishing solutions provider." The price is not included in the release.
After ending 2007 with a gain of almost 29%, their best year since 1998, shares of Warren Buffett's Berkshire Hathaway have been showing some weakness in the New Year. Today's "Ahead of the Tape" column in The Wall Street Journal has an idea about what's pulling down BRK.
Warren Buffett's Berkshire Hathaway reveals in an SEC filing today that it has bought almost 30,000 additional shares of the freight railroad Burlington Northern Santa Fe. While this most recent purchase is relatively small, it is Buffett's first Burlington buy since October.