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  • OMAHA, Neb.— Billionaire Warren Buffett says the U.S. economy continues to improve steadily, and he doesn't think investors should be disappointed with 2 percent growth each year. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire Hathaway shareholders over the weekend. He says the growth is clear in reports he sees from Berkshire's...

  • OMAHA, Neb.— Investor Warren Buffett is praising both IBM and ExxonMobil even though the computing business has struggled and Berkshire Hathaway sold its 41 million shares in the oil producer. Buffett says he still likes IBM's prospects even though the company has been dealing with declining sales. He backed that up by increasing Berkshire's stake in IBM to...

  • OMAHA, Neb.— Billionaire Warren Buffett didn't end the speculation about his eventual successor, but he reiterated Monday that Berkshire Hathaway's board has a plan in place. Berkshire's Vice Chairman Charlie Munger spurred renewed interest in the replacement for the 84- year-old Buffett over the weekend because he singled out two candidates in his own...

  • NEW YORK, March 1- Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate's insurance businesses. Buffett, the billionaire chief executive officer and chairman of Berkshire, said he would also support Jain if ever he decided to seek Buffett's post.

  • OMAHA, Neb.— The crowd at this year's Berkshire Hathaway annual meeting is likely to top 40,000 as the company marks 50 years of Warren Buffett's leadership. Berkshire investors routinely fill Omaha's downtown arena and overflow rooms at the conference center and a hotel across the street for the meeting. Not long before the arena doors open at 7 a.m. on May 2, a...

  • 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....

  • 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...