Berkshire Hathaway Inc


  • NEW YORK, Jan 29- With a scheduled trial just four weeks away, the former chairman of American International Group Inc said New York's attorney general should abandon his nearly decade-old fraud case against him, calling it a waste of taxpayer dollars in pursuit of a hollow "trophy" victory. The non-jury trial, scheduled for Feb. 24 in Manhattan before State Supreme...

  • Jan 27- Procter& Gamble Co, the world's largest household products maker, said on Tuesday that impact from a strong dollar would hurt earnings this fiscal year, with full year net sales likely to fall 3 to 4 percent, sending its shares down nearly 4 percent. Out of that, $1 billion would be as a result of currency devaluation in six countries- Russia, Ukraine, Venezuela,...

  • 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...

  • Procter& Gamble's second-quarter earnings sank 31 percent as the strong U.S. dollar cut into the performance of the world's largest consumer products maker. Health care products maker Johnson& Johnson and drugmaker Pfizer Inc. also recently reported a hit from foreign exchange rates. In the quarter that ended Dec. 31, P&G earned $2.37 billion, or 82 cents per...

  • Soros eyes investing in auto dealer groups -report Monday, 26 Jan 2015 | 10:48 AM ET

    DETROIT, Jan 26- Billionaire financier George Soros wants to invest in or buy a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. Two representatives of Soros Fund management, which Soros chairs, attended the National Automobile Dealers Association convention in San Francisco over the...

  • Jan 21- The chief executive of Tootsie Roll Industries Inc has died after more than half a century at the helm of the U.S. candy maker, sparking speculation that the company could soon be ripe for acquisition. Melvin Gordon died, aged 95, after a brief illness, according to a statement from the company he had headed since 1962. His wife, Ellen Gordon, takes over as chief...

  • Jan 16- PepsiCo Inc said it had elected an adviser at Nelson Peltz's Trian Fund Management to its board, signaling a truce between the company and the activist investor following his two- year push to split the snack and beverage maker. Heinz Co, will join the board effective March 23, and he will also be included in the slate of nominees for election to the board at the...

  • Smart kegs to mobile: What to watch in retail Thursday, 15 Jan 2015 | 2:16 PM ET
    GameStop's new beacon technology, which is powered by Shelfbucks.

    Retailers and industry experts were decidedly more optimistic at the National Retail Federation's annual show.

  • Apple to return $200 billion to holders: Analyst Tuesday, 13 Jan 2015 | 9:53 AM ET
    Apple store in New York.

    Apple may celebrate the anniversary of its record capital program announcement with a $200 billion share buyback and dividend raise, an analyst said.

  • Buffett's battery deal could fire up this stock Monday, 12 Jan 2015 | 2:40 PM ET

    Warren Buffett's deal to acquire Duracell is good news for rival Energizer. There's also hidden value in Energizer's Schick business.

  • Investment firm 3G Capital scouts new targets - WSJ Wednesday, 7 Jan 2015 | 1:53 AM ET

    Executives at the New York- based Brazilian investment firm are discussing the possibility of buying a food or beverage company such as Campbell Soup Co or even PepsiCo Inc, the newspaper reported. 3 G could collaborate with brewing company Anheuser-Busch InBev or end up taking only pieces of PepsiCo, which has a market capitalization of about $140 billion, the...

  • 2014 was a boom for some execs, bust for others Friday, 2 Jan 2015 | 5:55 PM ET

    Notable, wealthy founders and executives saw a wide spectrum of gains and losses from their company's stock movement in 2014.

  • Five US tech hubs you probably didn't know about Friday, 2 Jan 2015 | 8:05 AM ET

    These cities might just be the next Silicon Valley.

  • Goldman: Here's how to play rising interest rates Friday, 26 Dec 2014 | 1:25 PM ET
    Traders on the floor of the New York Stock Exchange.

    According to Goldman Sachs strategists, the answer is fairly simple: Bet on companies that don't see so much turnover in their shares.

  • All of Buffett's bad bets add up to a big year Tuesday, 23 Dec 2014 | 8:00 AM ET
    Warren Buffett

    If you think Buffett has lost his touch—with IBM, Coke and Exxon bets all dogs—then why is Berkshire Hathaway crushing the S&P 500 in 2014?

  • BEIJING, Dec 23- Investor Warren Buffett's NetJets Inc has been caught by surprise by headwinds in China amid Beijing's austerity drive and a slowing economy, the business aircraft supplier's chief executive officer said. Less than three months after NetJets won regulatory approval to provide charter services in China, business in and around China is...

  • Dec 22- Procter& Gamble Co said it would sell its soap brands Camay and Zest to Unilever Plc for an undisclosed amount to focus on its faster-growing brands. The company will also sell its Talisman facility in Mexico to Unilever. The Cincinnati- based company sold its Duracell battery business to Berkshire Hathaway Inc in November and its pet food business in...

  • Warren Buffett’s big China car bet just lost $1B Thursday, 18 Dec 2014 | 10:07 AM ET
    Warren Buffett, Chairman and CEO of Berkshire Hathaway answers questions at a press conference at which Detroit was named the 11th city to be included in the $500 million Goldman Sachs initiative at Ford Field.

    Warren Buffett took a hit when shares in Chinese car company BYD plunged on Thursday, The New York Times reports.

  • UPDATE 1-Jefferies in talks to sell futures business Tuesday, 16 Dec 2014 | 9:33 AM ET

    Dec 16- Investment bank Jefferies Group LLC, owned by Leucadia National Corp, reported a quarterly net loss and said it was in talks to sell its futures brokerage. Jefferies bought the business, formerly known as Prudential Bache, from Prudential Financial Inc in 2011 for $430 million to expand into a full-fledged investment bank. Leucadia, which models itself on...

  • Shockingly boring millionaire investing secrets Thursday, 11 Dec 2014 | 9:59 AM ET

    Millionaires love a certain stock that fits in your pocket, but overall are surprisingly conservative investors, a CNBC survey reveals.