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
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.
Warren Buffett says he's addicted to Bridge. To emphasize just how much, he told CBS News, "You know, if I'm playing bridge and a naked woman walks by, I don't ever see her."
It's been a raucous 24 hours at the Consumer Electronics Show and the show floor hasn't even opened yet. I touched down in Vegas Sunday at 10:45 a.m. after being up all night because of the Northern California storms, and headed straight for the Las Vegas Convention Center so I could put the finishing touches on our story NBC Nightly News.
In his keynote speech, Microsoft's founder sees new opportunities for the tech giant's technologies and outlines deals with some big-name content partners.
Bill Gates' introduction as keynote speaker started with a video that seemed to focus on the Xbox and its fairly obvious Microsoft is thinking this is the big ticket to consumers' living rooms. On a more broader note, Gates made it clear that high-definition will be everywhere. The quality of 3D environments will enhance the Web experience, Gates says.
Bill Gates is calling this period in the company's history the dawn of a new digital decade, and his annual, keynote address at CES is chock full of news, both technologically and financially.
It's just hours till the start of what promises to be the biggest Consumer Electronics Show in recent memory. Sure, Silicon Valley is known the world over as the world's high tech capitol, but beginning Sunday night, with Bill Gates' keynote, Las Vegas will hold that distinction; at least for a week.
Eric Starkman runs a corporate communications firm called Starkman & Associates, and he has a good, cynical sense of humor. That's even though his company describes itself in the sort of consultant-speak he should be mocking...
Mexico's Carlos Slim has been displaced as the world's richest man, at least for today, according to reports from India's news media.
It's not often I do a double-take when I read a financial earnings report, but I had to make sure I was looking at Microsoft's numbers and not some other company's. The company beats by 6 cents a share; 45 cents instead of the 39 cents the Street was expecting.
It's safe to say that Microsoft hasn't had this kind of optimism swirling around it in, well, I can't remember the last time. Windows '95 maybe? This company is firing on all cylinders, even though shares would suggest otherwise. The company will report its first fiscal quarter earnings after the bell, and feeding into the frenzy are headlines about Halo 3, Xbox 360...
Sources I'm talking to at the company suggest that an announcement could come soon that Microsoft will unveil a new version of Xbox 360 featuring a built-in HD-DVD player and HD tuner. The device might be officially unveiled during Bill Gates' keynote at the upcoming Consumer Electronics Show in January, which could be a bummer since it misses this upcoming Holiday Shopping season.
Rumors are flying about Microsoft's interest in investing in a 5% stake in Facebook--a stake that would value the social networking upstart at some $10 billion dollars. Viacom and Yahoo have both made bids for the company, Google is reportedly interested (though co-founder Sergey Brin told me back in July that they weren't pursuing Facebook) and now Microsoft's offer is shaping up.
Inside of a week now to the year's most anticipated entertainment event. Not Shrek. Spider-man. Even Pirates. Nope, I'm talking Master Chief, Cortana. The Covenant. I'm talking "Halo 3."
The annual Forbes 400 ranking of the richest Americans is out, and Warren Buffett is keeping his number two slot with an estimated net worth of $52 billion, $7 billion behind Microsoft's Bill Gates with $59 billion.