These 10 wealthy well-knowns have amassed world-famous fortunes but expect their children to make their own ways in the world.» Read More
Heinz Co after that company merges with Kraft Foods Group Inc, both companies said. Brazilian firm 3 G Capital and Warren Buffett's Berkshire Hathaway Inc bought Heinz in 2013.. The two who will remain are Jim Savina, who will become Kraft Heinz's general counsel, and George Zoghbi, who will become chief operating officer of the U.S. commercial business.
NEW YORK, June 19- News Corp has been ordered by a Manhattan federal judge to face a class action lawsuit accusing it of monopolizing the market for in-store promotions at some 52,500 retail stores across the United States. News Corp spokeswoman Laura Adams said the company, which is controlled by Rupert Murdoch, is reviewing Thursday's decision.
OMAHA, Neb.— Warren Buffett's company has invested another $462,000 in ketchup maker H.J. Heinz Co. before Heinz' planned acquisition of Kraft Foods. Heinz said in a government filing Thursday that Buffett's Berkshire Hathaway Inc. owns 52.5 percent of the Pittsburgh- based food company after exercising a warrant and picking up 46.2 million more Heinz shares.
Heinz Co said on Thursday that Warren Buffett's Berkshire Hathaway Inc has become its majority shareholder by exercising a warrant ahead of the ketchup maker's planned merger with Kraft Foods Group Inc. In a regulatory filing, Heinz said Berkshire exercised a warrant to acquire about 46.2 million shares for nearly $462,000 this week. Heinz owners would get a...
H.J. Heinz said Berkshire Hathaway bought an additional 5.4 percent stake, making it the majority shareholder in the ketchup company.
Heinz Co said Berkshire Hathaway Inc bought an additional 5.4 percent stake in the company, making the Warren Buffet-owned firm the majority shareholder in the ketchup company. Berkshire Hathaway exercised a warrant to purchase about 46.2 million Heinz shares for nearly $462,000 on Wednesday, Heinz said in a regulatory filing on Thursday.
June 18- Ketchup maker H.J. Heinz Co said Warren Buffet's Berkshire Hathaway Inc bought an additional 5.4 percent stake in the company by exercising a warrant to purchase about 46.2 million shares. Berkshire will now own 52.5 percent of Heinz, the company said in a regulatory filing on Thursday.
Asian stocks ended mostly higher on Wednesday ahead of central bank meetings in the U.S. and Europe.
OMAHA, Neb.— Warren Buffett's company is investing $500 million in Insurance Australia Group and taking on 20 percent of that company's new business. Berkshire Hathaway Inc. will acquire 3.7 percent of the Australian firm also known as IAG as part of the deal announced Monday. The deal will strengthen Insurance Australia Group's balance sheet just as it...
Asian shares extended their selloff on Tuesday, as Greece's debt talks and the upcoming two-day Federal Reserve meeting sapped risk appetite.
Warren Buffett's Berkshire Hathaway has bought a 3.7 percent stake in Insurance Australia Group for $388 million.
As Rupert Murdoch prepares to leave his position at 21st Century Fox, Warren Buffett would increase his lead as oldest CEO in the S&P 500.
For those aged 34 or younger, their No. 2 favorite stock- behind only mighty Apple Inc- is none other than Warren Buffett's Berkshire Hathaway Inc.. This is according to new data from the brokerage TD Ameritrade, which took a snapshot in May of the individual equity holdings of every one of its retail clients. Among the top picks for young adults aged 34 and younger:...
June 8- Henkel& Co KGaA AG and Coty Inc, both of which have personal care and cosmetics businesses, made binding offers to buy separate parts of Procter& Gamble Co's beauty businesses worth up to a total of $12 billion, according to people familiar with the matter. Henkel made an offer for P&G's haircare business, which includes the Wella and Clairol brands, and could...
Healthy eaters only like salad bars and smoothie joints, right? Wrong, according to a new survey.
Based on data from S&P Capital IQ, we know the ages of every CEO in the S&P 500. The youngest and the oldest are possibly the most famous.
June 6- The chairman of a Chinese company that develops online games has agreed to pay $2,345,678 for a private lunch with billionaire investor Warren Buffett, winning a charity auction. Glide said Zhu Ye, chairman of Beijing- based Dalian Zeus Entertainment Co, submitted the highest of 76 bids to win the five-day auction on eBay, which concluded on Friday night.
Among the stars of "Entourage" is a roster of surprise cameos of real life tycoons featured throughout the film.
Beijing-based Da Lian Zeus Entertainment Company was the top bidder in an online auction of a steak lunch with Warren Buffett.
June 1- An online auction for the right to dine with billionaire investor Warren Buffett and raise money for a San Francisco charity has started strongly, with the top bid surpassing $1 million in less than a day. As of 2:30 p.m. EDT Monday, the top bid was $1,000,100 in the eBay auction, which ends at 10:30 p.m. EDT Friday. This year's winner can bring up to seven...