Facebook's record close on Thursday, fueled by earnings, added $1.6 billion to CEO Mark Zuckerberg's bottom line. USA Today reports.» Read More
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.
I got an email from Suzy Welch who is spending the summer writing her upcoming book, “10-10-10: Transform Your Life with Clear, Considered, Stress-Free Choices”. The book is being published by Scribner (an imprint of Simon & Schuster) and will be ready next spring.
Warren Buffett's annual gift to the Bill and Melinda Gates Foundation of Berkshire Hathaway stock is worth just over $1.8 billion this year, about two percent more than last year's donation.
Today's the day. Well sort of. Bill Gates will retire from Microsoft, kind of. He's leaving the day-to-day responsibilities to others. But not really.
Anthony Weiner is sponsoring a bill that gives models “of distinguished merit and ability” their own visa classification (P-4 status) which would group them with entertainers and athletes.
Gates and Ballmer started with a trip down memory lane, talking about one of the tech industry's most enduring and successful relationships, stretching back 28 years. And it was an opportunity Ballmer almost missed out, thanks to the subtle recruitment strategy by Gates.
So here’s the deal from the insiders I’ve talked to. All these leagues obviously have the right to reject any candidate they want, but there’s a number where it could be hard to consider anything but selling the team to a foreign owner.
Warren Buffett revealed during his Swiss news conference today that he broke his toe last week during a visit to the home of his "extremely good friend" Bill Gates. And, he quipped, if his lawsuit against Gates is successful, he'll be able to increase his lead over the Microsoft chairman as the world's richest man on the Forbes list of global billionaires.
Microsoft co-founder Bill Gates said on Friday he expected the new version of Windows operating software, code-named Windows 7, to be released "sometime in the next year or so."
The primary beneficiary of Warren Buffett's plan to give away almost all of the money that's made him the wealthiest person in the world will sell most of the Berkshire Hathaway shares it's already received from Buffett. In a filing with the SEC, the Bill & Melinda Gates Foundation Trust reveals it has adopted a written sales plan to sell 550,000 of the 975,000 Berkshire Hathaway Class B shares it now owns.
Warren Buffett is now the world's richest person, topping the just-released Forbes 2008 ranking of global billionaires, with an estimated wealth of $62 billion. He bumps Microsoft's Bill Gates from the number one spot, a position Gates held for 13 consecutive years. Mexico's Carlos Slim is number two.
Warren Buffett tells CNBC's Becky Quick, with his familiar laugh, that he was able to replace Microsoft's Bill Gates as the world's richest person because he "spends less." In a brief off-camera telephone chat about Forbes' new list of global billionaires, with Buffett and his estimated $62 billion in the top position, the Berkshire Hathaway chairman joked that "it's a tribute to thriftiness."
Tomorrow (Wednesday, March 5) at 6pm ET, Forbes officially releases its annual list of the world's billionaires .. ranked primarily, of course, by net worth. Warren Buffett was number two on the 2007 list. He has some serious competition this time around.
Yahoo put in place on Tuesday severance benefits that would be given to all employees who might be laid off if the company was sold.
Microsoft plans to invest heavily in Web search to compete against Google, even if it fails to acquire Yahoo, the company's chairman Bill Gates said on Monday.