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  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • In the 84- year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large- 751,000 times its original net worth per share- that the future pace of gains "will not come close" to those of the past. "I think Berkshire will outperform the average American company, but our advantage, if any, won't be great." Buffett, also addressing one...

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • NEW YORK, Feb 28- Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average. In his annual letter to shareholders, Buffett on Saturday said Berkshire's huge balance sheet gives him the power to...

  • HIGHLIGHTS-Warren Buffett's letter to investors Saturday, 28 Feb 2015 | 12:27 PM ET

    NEW YORK, Feb 28- Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday, written with his usual mix of business facts, common-sense advice and showmanship. On lodging for the May 2 annual meeting in Omaha:. Airbnb's services may be especially helpful to shareholders who expect to spend only a single night in Omaha and are aware...

  • Buffett says 'sprawl' is good, but may not be good enough Saturday, 28 Feb 2015 | 11:49 AM ET

    NEW YORK, Feb 28- Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average. In his annual letter to shareholders, Buffett on Saturday said Berkshire's huge balance sheet gives him the power to...

  • Berkshire Hathaway's 4Q profit declines 17 percent Saturday, 28 Feb 2015 | 9:23 AM ET

    OMAHA, Neb.— Berkshire Hathaway Inc. said Saturday that its fourth quarter profit slid 17 percent because of declines in the paper value of its investments and derivative contracts. Berkshire's quarterly profit declined to $4.16 billion, or $2,529 per Class A share, on $48.3 billion in revenue. Those were $3.96 billion, or $2,412 per share, which is up from $3.78...

  • Feb 28- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit declined 17 percent as investment gains declined, but operating results improved. Net income fell to $4.16 billion, or $2,529 per Class A share, from $4.99 billion, or $3,035 per share, a year earlier. Quarterly operating profit rose 5 percent to $3.96 billion, or $2,412 per...

  • OMAHA, Neb.— Billionaire Warren Buffett is proud of what he's built as Berkshire Hathaway's CEO over the past 50 years, but he's also willing to admit making a few costly mistakes along the way. Vice Chairman Charlie Munger added his own letter this year, and predicted that Berkshire will be fine once he and Buffett are gone because of the management talent it...

  • Buffett put the 2006 Cadillac DTS for sale on the website Proxibid, specifying that the money would be donated to Girls Inc. of Omaha. "Girls Inc. has benefited multiple times from auction events championed by Warren Buffett, but the Buffett family's endorsement of Girls Inc. and its role in the community has been invaluable," Roberta Wilhelm, the nonprofit's...

  • NEW YORK/ FRANKFURT, Feb 20- Warren Buffett's Berkshire Hathaway Inc said on Friday it had agreed to buy German motorcycle apparel and accessories retailer Detlev Louis Motorrad-Vertriebs GmbH for a little more than 400 million euros. The purchase enables Buffett, known for his optimism about the United States and the investment opportunities it offers, to...

  • NEW YORK, Feb 17- Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a 5 percent stake in agricultural equipment maker Deere& Co and said it shed a $3.74 billion investment in oil company Exxon Mobil Corp as oil prices plunged. The changes were among several that Berkshire made in its common stock investments in the fourth quarter, according to a U.S....

  • OMAHA, Neb.— Billionaire Warren Buffett's company unloaded its 41 million shares of Exxon Mobil Corp. and sold a smaller stake in ConocoPhillips as oil prices fell last fall. Berkshire Hathaway Inc. filed an update on the stocks it held at the end of 2014 with the Securities and Exchange Commission Tuesday. Berkshire had only held the Exxon Mobil investment...

  • Feb 12- ConAgra Foods Inc, the maker of Slim Jim beef jerky and Chef Boyardee pasta, appointed former Hillshire Brands Co Chief Executive Sean Connolly its CEO, replacing Gary Rodkin. ConAgra Foods, whose shares were down 5.2 percent in extended trading on Thursday, also cut its profit forecast for the year ending May citing a stronger dollar and weak sales in its...

  • Feb 8- Investment analysts are criticizing Warren Buffett over the quality of the financial disclosures of his company, Berkshire Hathaway, the Financial Times reported on Sunday. The FT interviewed five of the six analysts who cover the $370 billion company, which is the third largest on the U.S. stock market. Buffett told the FT that he prefers communicating...

  • Scoular hit with $17.2 mln fraud- newspaper Wednesday, 4 Feb 2015 | 4:30 PM ET

    According to the paper, Scoular sent a total of $17.2 million through three wire transfers in June to a bank in China, acting on emails sent to a Scoular executive. The emails appeared to be from Scoular Chief Executive Officer Chuck Elsea and the Omaha, Nebraska- based company's auditing firm. Court documents said the emails were generated by impostors using...

  • Berkshire's NetJets defeats $500 million IRS tax claim Tuesday, 27 Jan 2015 | 11:08 AM ET

    NEW YORK, Jan 27- NetJets Inc, the private jet-sharing company owned by Warren Buffett's Berkshire Hathaway Inc, has defeated a U.S. Internal Revenue Service lawsuit attempting to recoup more than $500 million of unpaid taxes, penalties and interest. District Judge Edmund Sargus in Columbus, Ohio, said on Monday that the IRS was bound by guidance it gave a NetJets...

  • *Brent crude hovers near $51 a barrel. NEW YORK, Jan 8- U.S. stocks climbed on Thursday, a day after equities snapped a five-day losing skid, on expectations for continued acceleration in the U.S. economy and more aggressive action by the European Central Bank. There is a Fed that is going to be patient and pretty transparent on when they are going to raise rates and an...

  • CHICAGO, Dec 23- U.S. farmland rents for 2015 are on track to be down 5 to 10 percent from the top fees of a year ago due to lower grain prices, but landowners remain stubborn about deeper cuts and some are adding clauses to boost revenue if grain prices bounce back. We are still seeing 5-10 percent down from the extreme tops in the really strong markets where cash rents...

  • Pilots sue Buffett's NetJets over labor, privacy Wednesday, 3 Dec 2014 | 4:36 PM ET

    Dec 3- A group representing more than 2,700 pilots in contentious contract talks with NetJets Inc has sued the luxury aviation unit of Warren Buffett's Berkshire Hathaway Inc over alleged violations of federal labor and privacy laws. The NetJets Association of Shared Aircraft Pilots accused NetJets of impersonating a pilot on Twitter, baiting pilots to...