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Berkshire Hathaway Inc

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  • UC Santa Barbara receives $65M from Munger Thursday, 30 Oct 2014 | 1:50 PM ET

    SANTA BARBARA, Calif.— A physics institute at the University of California, Santa Barbara, has received a $65 million donation— the largest single gift in the university's history. The Los Angeles Times reports Thursday that the donation by Charlie Munger, the vice chairman of Berkshire Hathaway, will fund a new visitor housing facility for the Kavli Institute...

  • Buffett's newspaper unit selling marketing firm Tuesday, 28 Oct 2014 | 4:21 PM ET

    OMAHA, Neb.— Berkshire Hathaway's media unit is selling its marketing company to a Wisconsin group, so it can focus more on its newspapers. Warren Buffett's company announced the sale of World Marketing Inc. to businessman Robert M. Kraft on Tuesday. World Marketing's clients have included American Airlines, Kraft Foods and Blue Cross Blue Shield.

  • Buffett's adviser picked to lead Pampered Chef Monday, 27 Oct 2014 | 3:06 PM ET

    OMAHA, Neb.— One of Warren Buffett's key assistants is taking on a new role at Berkshire Hathaway as CEO of the conglomerate's Pampered Chef subsidiary. Berkshire said Monday 30- year-old Tracy Britt Cool will become Pampered Chef's chief executive next month and work with Doris Christopher, who founded the Addison, Illinois, company that sells kitchen gear...

  • Tesco chairman resigns after accounting scandal Thursday, 23 Oct 2014 | 4:25 AM ET

    LONDON— The chairman of Tesco, the world's second-biggest retailer behind Walmart, announced his resignation Thursday amid an accounting scandal in which the company admitted it had overstated its projected profits. "Three immediate priorities are clear: to recover our competitiveness in the U.K., to protect and strengthen our balance sheet and to begin the...

  • Sharp drops in many of the stocks owned by Buffett's Berkshire Hathaway in recent weeks hit the sprawling conglomerate's equity portfolio hard. The loss on seven of those holdings alone totals more than $5 billion provided Berkshire's stakes have remained the same since June 30, the last date for which they were disclosed. Berkshire Hathaway did not respond...

  • Lightning Round: Booyah to Pfizer Tuesday, 21 Oct 2014 | 7:28 PM ET

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • TORONTO, Oct 21- Canadian Pacific Railway Ltd is still open to a merger with one of the two bigger eastern U.S. carriers even after talks with CSX Corp failed, though a hostile bid is unlikely, Chief Executive Hunter Harrison said on Thursday. Norfolk Southern Corp is the other of the two bigger U.S. railways based east of Chicago. Without mentioning Norfolk Southern...

  • How Ben Bernanke's refi rejection could help you Tuesday, 21 Oct 2014 | 11:21 AM ET
    Former Chairman of the Federal Reserve Ben Bernanke.

    The former Fed chair being turned down for a home refinancing loan should serve as a call-to-action, HomeServices CEO Ronald Peltier tells CNBC.

  • Warren Buffett just lost ANOTHER $1B on this Tuesday, 21 Oct 2014 | 9:31 AM ET
    Warren Buffett

    Spare a thought for Warren Buffett, whose portfolio is not doing him any favors this week.

  • Another retailer probing possible card data breach Tuesday, 21 Oct 2014 | 6:12 AM ET

    Staples is investigating a possible breach of payment card data and has contacted law enforcement about the matter.

  • Oct 21- Staples Inc is investigating a possible breach of payment card data and has contacted law enforcement about the matter, making it the latest U.S. retailer to become a possible victim of a cyberattack. "Staples is in the process of investigating a potential issue involving credit card data and has contacted law enforcement," company spokesman Mark Cautela...

  • Oct 20- International Business Machines Corp reported a marked slowdown in business in September and abandoned its 2015 operating earnings target on Monday, as weak client spending and a slumping software sector weighed down quarterly revenue. IBM shares fell nearly 7 percent to a three-year low, a blow for legendary investor Warren Buffett whose Berkshire...

  • Doug Kass: I'm still short IBM and Coke Monday, 20 Oct 2014 | 12:19 PM ET
    Douglass Kass

    As Doug Kass sees it, "IBM" just as easily could stand for "I need Buffett's Money."

  • Warren Buffett lost about $1 billion on this Monday, 20 Oct 2014 | 9:31 AM ET
    Warren Buffett

    Warren Buffett does not like to lose money in general, so losing $1 billion before lunch on a Monday morning can not be going down well.

  • Moynihan reshapes Bank of America after legal costs Thursday, 16 Oct 2014 | 9:28 AM ET
    Brian Moynihan

    Bank of America Chairman and Chief Executive Brian Moynihan has been quietly retooling the bank while working to end legal problems.

  • RPT-Buffett cuts Tesco stake to below 3 pct Thursday, 16 Oct 2014 | 6:20 AM ET

    LONDON, Oct 16- Warren Buffett, the billionaire chairman and chief executive of conglomerate Berkshire Hathaway, has cut his vehicle's stake in troubled British grocer Tesco to below 3 percent, according to a stock market notification. The filing, published on Thursday, said that on Oct. 13 Berkshire reduced its Tesco holding to "less than 3 percent."

  • These companies are the greenest in the world Wednesday, 15 Oct 2014 | 6:13 AM ET

    Multinational giants BMW, Samsung and Unilever are among companies recognized for their green credentials, according to a new index.

  • Warren Buffett's stock pickers are crushing it Tuesday, 14 Oct 2014 | 10:15 AM ET
    Berkshire-Hathaway's Todd Combs and Ted Weschler.

    So far, so good for the stock pickers Warren Buffett plucked from relative obscurity to manage billions of his dollars.

  • CHICAGO, Oct 13- Shares of No. 3 U.S. railroad CSX Corp rose nearly 10 percent on Monday following a report of a rebuffed takeover bid by Canadian Pacific Railway Ltd, but analysts said any such deal would face significant regulatory and other hurdles. According to the report in the Wall Street Journal late on Sunday, the No. 2 Canadian railroad made a bid last week for...

  • UPDATE 2-Sears says Kmart stores hit by data breach Friday, 10 Oct 2014 | 7:36 PM ET

    Oct 10- Retailer Sears Holdings Corp said the payment data systems at its Kmart stores had been compromised, the latest in a series of computer security breaches to hit U.S. companies in recent months. "This is going to continue indefinitely until people change their practices," said Shawn Henry, a former senior cyber cop with the FBI who is now of the president of...