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Warren Buffett

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  • UPDATE 3-Dow Chemical adds more assets to "for sale" list Wednesday, 23 Jul 2014 | 12:24 PM ET

    *To raise $1 bln from sale of corporate assets. July 23- Dow Chemical Co said it would raise about $1 billion from the sale of corporate assets such as rail cars and that it was reviewing joint ventures, part of a plan to raise as much as $6 billion through asset sales.

  • CHICAGO, July 23- As U.S. farmers turn in record grain crops this autumn, many will have a powerful new tool- giant sausage-shaped storage bags- to help them avoid the lowest prices in years and gain more control over trade with giants such as Cargill Inc..

  • NEW YORK, July 22- A federal appeals court on Tuesday ordered Travelers Cos Inc to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville Corp, a policyholder that spent six years in bankruptcy during the 1980 s.

  • Buffett buys new Cadillac to replace his 2006 DTS Wednesday, 16 Jul 2014 | 5:01 PM ET

    OMAHA, Neb.— Billionaire Warren Buffett decided it was time to upgrade his 2006 Cadillac DTS after General Motors CEO Mary Barra pointed out how many improvements had been made since then. Warren Buffett says the saleswoman did a great job, including recommending that Buffett buy the XTS sedan he picked, not the CTS coupe that Barra had recommended.

  • Buffett donates $2.8 bln to Gates, family charities Tuesday, 15 Jul 2014 | 4:17 PM ET

    July 15- Warren Buffett this week donated $2.8 billion of Berkshire Hathaway Inc stock to five charities, as part of the billionaire's plan to give away nearly all of his wealth. About 16.6 million shares, worth more than $2.1 billion, went to the Bill and Melinda Gates Foundation, which focuses on education, health and poverty problems.

  • NEW YORK, July 14- Former Goldman Sachs Group Inc director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction.

  • NEW YORK, July 6- When Goldman Sachs' then-senior partner, Gus Levy, suffered a stroke in the middle of a client meeting in 1976 and died shortly after, the bank's management didn't know who would lead the firm.

  • Reinsurance prices under pressure mid-year -brokers Tuesday, 1 Jul 2014 | 11:51 AM ET

    Reinsurers have been negotiating with insurance company clients in the United States, Australia and Latin America to set the terms and prices for shouldering big risks like hurricane and earthquake damage in contracts that take effect from July 1.

  • Meet the eccentric guy who fed the homeless lunch Wednesday, 25 Jun 2014 | 5:00 PM ET
    Chinese billionaire philanthropist Chen Guangbiao, chairman of Jiangsu Huangpu Renewable Resources Utilization.

    Chinese magnate and philanthropist Chen Guangbiao hosted a charity lunch for the homeless in New York City's Central Park on Wednesday.

  • The recovery is leading to a number of acquisitions as the largest telecom companies duke it out with cable operators and telecom providers such as Level 3 Communications Inc to serve corporate customers.

  • NEW YORK, June 17- Former Goldman Sachs Group Inc director Rajat Gupta on Tuesday began serving his two-year prison term for insider trading, and lost his challenge to a $13.9 million civil penalty and permanent ban from acting as a public company officer.

  • Warren Buffett: 'No chance' of taking Coke private Tuesday, 17 Jun 2014 | 10:02 AM ET
    Warren Buffett

    Warren Buffett is categorically denying money manager David Winters' comments speculating that Coca-Cola could be taken private.

  • NEW YORK, June 16- Morgan Stanley, an adviser to Valeant Pharmaceuticals International Inc in its $53 billion hostile bid for Allergan Inc, initially tried to get hired by Allergan and in its pitch called the unsolicited bidder a "house of cards", according to Allergan.

  • Top court nixes Rajaratnam insider trading appeal Monday, 16 Jun 2014 | 10:43 AM ET
    Raj Rajaratnam

    The U.S. Supreme Court on Monday left intact the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam.

  • NEW YORK, June 16- Morgan Stanley, an adviser to Valeant Pharmaceuticals International Inc in its $53 billion hostile bid for Allergan Inc, initially tried to get hired by Allergan and in its pitch called the unsolicited bidder a "house of cards", according to Allergan.

  • U.S. top court declines to hear Rajaratnam appeal Monday, 16 Jun 2014 | 9:39 AM ET

    WASHINGTON, June 16- The U.S. Supreme Court on Monday left intact the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam. The court declined to hear Rajaratnam's appeal, meaning a June 2013 decision by the 2nd U.S. Circuit Court of Appeals in New York upholding the conviction is the final word in the case.

  • Shanghai shares close at highest in over 7 weeks Friday, 13 Jun 2014 | 3:09 AM ET

    HONG KONG, June 13- Shanghai shares closed at their highest level in more than 7 weeks on Friday as Chinese banks were buoyed by stronger-than-expected lending data, adding to hopes that the economy is stabilising. The CSI300 of the leading Shanghai and Shenzhen A-share listings jumped 1.1 percent to close at a one-month high.

  • HONG KONG, June 13- Shares in China and Hong Kong rose on Friday, led by strong gains in the banking sector after data showed China's new bank lending and money supply rose faster than expected in May, adding to hopes that the economy was stabilising.

  • Top court sends Gupta to prison during appeals Wednesday, 11 Jun 2014 | 6:12 PM ET
    Rajat Gupta

    A former board member at Goldman Sachs must report to prison as scheduled next week for his conviction on insider trading charges.

  • June 11- Former Goldman Sachs Group Inc director Rajat Gupta has failed to persuade the U.S. Supreme Court to delay the June 17 start of his two-year prison term while he pursues an appeal of his insider trading conviction.