Lawyer David Boies has a chance to win the lawsuit against the federal government for its bailout of A.I.G, the New York Times reports.» Read More
Microsoft's Bill Gates says the best advice he's ever gotten from his friend and fellow billionaire Warren Buffett is to keep things simple.
A pair of cowboy boots signed by Warren Buffett has sold for $2700 at a Nebraska charity auction. That's $600 more than the $2100 high bid for boots signed by Buffett's friend and friendly competitor, Bill Gates.
Warren Buffett and his friend Bill Gates reportedly joined with David Rockefeller Sr. to invite a group of the world's richest people to gather in one room earlier this month. The agenda wasn't world domination. It was making philanthropy more effective. Among the other well-known, and very wealthy names, attending the meeting on May 5 in New York City: Michael Bloomberg, Peter Peterson, George Soros, Ted Turner, and Oprah Winfrey.
Markets posted gains on the strength of Monday's good news from the housing and manufacturing sectors. In the meantime, Warren Buffett told CNBC that although the economy is "very slow," he remains optimistic that the economy will eventually improve. Watch the accompanying videos for more on what other experts had to say...
Warren Buffett's good friend and philanthropy partner, Bill Gates, says he's made a lifelong commitment to protect Berkshire Hathaway's culture and values after Buffett is no longer running the company.
Warren Buffett has certainly lost billions of dollars over the past year, but has he lost his title of "World's Richest Billionaire?" We'll find out when the 2009 edition of the widely-followed Forbes ranking of global wealth is released at 6p ET tonight (Wednesday).
The Bill & Melinda Gates Foundation on Tuesday increased its share stake in heavyweights like Coca Cola, McDonald's and Autonation.
Microsoft CEO Steve Ballmer took the stage in Las Vegas Wednesday night to kick off the annual Consumer Electronics Show, the first time he has delivered the prestigious opening keynote address, a role filled by his colleague Bill Gates for the last 14 years.
Here's the thing about technology and the technology industry: pioneers and visionaries like Microsoft, Intel, Sony and so many others didn't make their fortunes focused on today and tomorrow. They're all about the future, which is particularly important in today's current economic climate.
Warren Buffett is number one on Business Week's just-released ranking of American philanthropists. Buffett's pledge two years ago to donate the bulk of his huge fortune to charity over a number of years puts him at the top of the list with $40.655 billion given or pledged between 2004 and 2008.
In this Web Extra the traders talk steel and pharma stocks while also paying some attention to the Fed meeting, housing numbers, and delivering a message to Bill Gates.
Warren Buffett is the nation's most generous billionaire, according to a new ranking by Condé Nast's Portfolio Magazine.
The credit crunch has meant tight money, so "Philanthropy is getting slammed," says Portfolio magazine editor in chief Monday Joanne Lipman told CNBC. "All the banks are major donors," she adds, citing Merrill Lynch as well as insurer AIG.
Just weeks after losing his title of "America's Richest Billionaire," Warren Buffett is number one again. Forbes Magazine is out with a September update to its Forbes 400 list of the richest people in the United States. October may be another story.
After six months as the reigning "World's Richest Billionaire," Warren Buffett has lost his title, and a few billion dollars. The Forbes 400 list of the richest Americans has just been released, and Buffett's friend Bill Gates, the former Microsoft Chairman, is at the top of the rankings, with an estimated net worth of $57 billion. That tops Buffett's $50 billion, although he's still number two out of 400 on the Forbes list of the nation's super-rich.
As oil sand stocks continue to rally in the wake of Monday's visit by Warren Buffett and Bill Gates to northeastern Alberta, we may have a "clue" to an Omaha connection for the tour.
Warren Buffett and Bill Gates sparked some speculation and discussion with their visit to Canada's oil sands region, but there's no hard evidence that they have actually invested, or will invest, in the energy source that some see as an alternative to U.S. reliance on Middle Eastern oil. Even so, shares of Canadian Natural rallied today by just over seven percent to close at $82.91 in New York.
Warren Buffett and Bill Gates flew into northeastern Alberta, Canada, yesterday (Monday) for a "quiet" visit to a multi-billion dollar project that, in effect, extracts oil from rocks. The Calgary Herald reports on its website tonight (Tuesday) that Buffett and Gates were impressed by their tour of the Canadian Natural Resources Horizon oil sands development north of the small, but booming, city of Fort McMurray, roughly 1600 miles northwest from Omaha.
Billionaire investor Carl Icahn reported that he had increased his stake in Motorola to 144.1 million shares from 115.6 million shares the prior quarter. Meanwhile, George Soros raised his stake in Wall Street firm Lehman Brothers to 9.5 million shares.
The Federal Reserve's decision to hold the line on interest rates was the only move the central bank could make considering the state of the US economy, PIMCO chief Bill Gross said on CNBC.