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  • OMAHA, Neb., May 2- Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he's gone. "It's not Disneyland, it's Warrenland," said David Rolfe, chief investment officer of Wedgewood Partners Inc..

  • OMAHA, Neb., May 2- Billionaire investor Warren Buffett on Saturday defended his Clayton Homes unit against accusations that the manufactured home seller had preyed on lower-income purchasers with its lending practices. "I make no apologies whatsoever about Clayton's lending terms," said Buffett, speaking at the annual meeting of his sprawling Berkshire...

  • OMAHA, Neb., May 2- Billionaire investor Warren Buffett said on Saturday that stock prices would look expensive if interest rates normalized from their ultra low levels. "If we get back to normal interest rates, stocks at these prices will look high," said Buffett, speaking at the annual Berkshire Hathaway meeting of his sprawling conglomerate Berkshire Hathaway.

  • OMAHA, Neb., May 2- Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire fielded questions about the company and its future, and explained some business practices. Berkshire owns more than 80 companies including the Burlington Northern railroad, Geico car insurance,...

  • OMAHA, Neb., May 2- Berkshire Hathaway's BNSF railroad is "forever better" after a capital program last year boosted capacity following complaints about congestion, BNSF chief executive told Reuters on Saturday. We think we've got opportunities going forward, "said Carl Ice, BNSF's president and chief executive officer, speaking on the sidelines at Berkshire...

  • Berkshire Hathaway meeting opens with humorous movie Saturday, 2 May 2015 | 10:04 AM ET

    OMAHA, Neb.— Billionaire Warren Buffett again proved that he doesn't take himself too seriously in the humorous movie that starts the Berkshire Hathaway annual meeting. Berkshire took a famous scene from Dustin Hoffman's "The Graduate" when the main character gets career advice and dubbed in new lines as if Hoffman was portraying a young Buffett.

  • OMAHA, Neb.— Adoring investors again formed a mob around billionaire Warren Buffett as he toured the displays at Berkshire Hathaway's annual meeting. Between chanting with University of Nebraska cheerleaders and competing against Bill Gates, Kathy Ireland and shareholders in a newspaper tossing competition Buffett got sales updates from the heads of...

  • FOSTER CITY, Calif.— Never lacking daring ideas, billionaire entrepreneur Elon Musk is determined to jolt the electricity market. The list of partners includes SolarCity, a solar installer founded by Musk's cousins, Lyndon and Peter Rive. Musk is SolarCity's chairman and largest shareholder.

  • FOSTER CITY, Calif.— Tesla CEO Elon Musk is trying to steer his electric car company's battery technology into homes and businesses as part of an elaborate plan to reshape the power grid with millions of small power plants made of solar panels on roofs and batteries in garages. The list of partners includes SolarCity, a solar installer founded by Musk's cousins,...

  • Tropicana refuses anti-Icahn letter from casino workers Thursday, 30 Apr 2015 | 6:34 PM ET

    ATLANTIC CITY, N.J.— A group of Atlantic City casino workers tried to deliver a letter Thursday to billionaire Carl Icahn protesting benefit cuts at the Trump Taj Mahal, but they were turned away. The workers marched to the Tropicana, which Icahn owns and where they believed he was staying Thursday evening, to try to hand-deliver him a letter. "They would not take the...

  • *Industrialist was arrested in Austria on U.S. request. One of Ukraine's most influential oligarchs, Firtash, 49, was arrested in Vienna a year ago at the request of U.S. authorities, which have been investigating him since 2006.. The detention of Firtash, whose business concerns in gas trading and chemicals thrived under Ukraine's ousted pro-Russian president...

  • Tesla to expand battery technology to homes, businesses Thursday, 30 Apr 2015 | 4:15 PM ET

    FOSTER CITY, Calif.— Tesla CEO Elon Musk is trying to steer his electric car company's battery technology into homes and businesses as part of an elaborate plan to reshape the power grid with millions of small power plants made of solar panels on roofs and batteries in garages. Although the battery will be made by Tesla, it's expected to be sold as part of a package...

  • April 30- Budget airline Virgin America Inc is moving to finance five aircraft before interest rates rise, Chief Financial Officer Peter Hunt said in an interview Thursday. Virgin America recently announced it has financed about 80 percent of the purchase price of five other A320 aircraft scheduled for delivery this year. It had an initial public offering in...

  • RIO DE JANEIRO— A Rio de Janeiro judge has ordered the return of several luxury cars and other high-ticket items to Brazil's one-time richest man, Eike Batista, who is fighting insider trading and other charges stemming from the demise of his industrial empire. In a 29- page decision, magistrate Vitor Barbosa Valpuesta also ordered the return of property seized...

  • The 49- year-old, one of Ukraine's most influential oligarchs, was arrested in Vienna a year ago at the request of U.S. authorities, who have been investigating him since 2006.. The detention of Firtash, whose business concerns in gas trading and chemicals thrived under Ukraine's ousted pro-Russian president Viktor Yanukovich, coincided with a sharp...

  • April 30- Viacom Inc, owner of Paramount Pictures and cable channels Comedy Central, MTV and Nickelodeon, reported an unexpected fall in quarterly revenue as weak cable ratings depressed income from advertising in the United States. Viacom, controlled by billionaire Sumner Redstone, said domestic advertising revenue fell 5 percent in the second quarter...

  • April 29- Oklahoma oil billionaire Harold Hamm on Wednesday moved to drop his appeal of a $1 billion divorce award to his ex-wife, a day after the court dismissed her bid to re-open the case, according to a court filing. Hamm's decision to withdraw his counter-appeal of a bitterly fought divorce after a lower court awarded his ex-wife Sue Ann Arnall around $1...

  • *Beijing urging banks to support small businesses. BEIJING, April 30- Private entrepreneurs in China are voicing unprecedented criticism of government, encouraged by policies and rhetoric from Beijing emphasising support for the most productive sectors of the economy. In the past two weeks, Premier Li Keqiang has exhorted Chinese banks to cut their fees and...

  • Bond fund giant Pimco hires Bernanke as adviser Wednesday, 29 Apr 2015 | 11:09 AM ET

    NEW YORK— Pimco has hired former Federal Reserve Chairman Ben Bernanke as a senior adviser, the bond fund manager said Wednesday. Bernanke will provide economic advice to Pimco's fund managers and will occasionally interact with the firm's clients, the Newport Beach, California, company said. It is routine for former Fed officials to take their economic skills--...

  • Tropicana Las Vegas hotel and casino to be sold for $360M Wednesday, 29 Apr 2015 | 8:51 AM ET

    LAS VEGAS— Penn National Gaming spent years shopping for a Vegas Strip property and it has finally found one. The company announced Wednesday that it is buying the 58- year-old Tropicana Las Vegas, paying $360 million to shareholders including private equity firm Onex Corp.. Onex spent the past four years giving the Tropicana a $200 million face-lift after...