Buffett's Berkshire Hathaway has been able to defer $61.9 billion of corporate taxes, the Financial Times reports.» Read More
March 4- Warren Buffett telling the rest of us about the advantages of conglomerates is like Willie Mays arguing for the no-look-over-the-shoulder catch while running full speed. It can happen, and those who do it will command a premium, but your wealth or retirement should not depend upon it. So when Buffett, the man behind Berkshire Hathaway, the world's most...
These 13 stocks have beat the growth of Berkshire Hathaway in the years since 1985. USA Today reports.
Jim Cramer was struck by the best letter yet from Warren Buffett. But why must we think he cannot be emulated?
NEW YORK, March 2- IBM Corp was sued on Monday by a shareholder that said it committed securities fraud by failing to write down a money-losing semiconductor unit before agreeing to pay another company $1.5 billion to take that unit off its hands. The lawsuit filed in Manhattan federal court arose from IBM's announcement last Oct. 20 that it would sell the unit to...
U.S. stocks closed higher, with the Nasdaq above the psychologically key level of 5,000 for the first time since March 2000 and the Dow at a record.
DETROIT, March 2- Berkshire Hathaway Chief Executive Warren Buffett, one of the largest shareholders in General Motors Co, said on Monday he would be wary of putting former U.S. autos task force member Harry Wilson or anyone else on the company's board if the focus was on the short-term performance of the automaker. In a statement to CNBC, Wilson said he is not a...
Warren Buffett has a message for institutional investors: stop pouring money into those expensive high-end money managers.
Warren Buffett also says it's a bad idea for GM's board to include a director who will be compensated by a group of hedge funds that own a stake.
Equity investors might want to check out a fund that hasn't made an original stock market bet in 80 years.
DETROIT, March 2- Warren Buffett, Berkshire Hathaway's billionaire chief executive and one of the largest shareholders in General Motors Co, told CNBC on Monday he disagrees with putting former U.S. auto task force member Harry Wilson on the automaker's board. Berkshire Hathaway owned 2.55 percent of GM's shares at the end of last year, according to documents...
NEW YORK— Bill Gates, the founder of technology company Microsoft Corp., topped Forbes' 2015 list of the world's top billionaires for the second straight year. Source of wealth: Technology company Microsoft Corp.. Source of wealth: Conglomerate Koch Industries.
NEW YORK, March 2- Warren Buffett, Berkshire Hathaway's billionaire chief executive officer, told CNBC on Monday that the company had sold its entire stake in Exxon Mobil Corp because it could use the money in both an acquisition and stock purchases. He said Exxon Mobil remains a "wonderful company" even though "its current earning power has been diminished...
CNBC's Jim Cramer says Warren Buffett could be right about IBM but the investment could turn into another huge mistake for the Oracle of Omaha.
*Manufacturing data expected from Markit, ISM. *HP to buy Aruba Networks. At 9:45 a.m., data will be released on the manufacturing sector by financial data firm Markit, following shortly afterwards by the Institute for Supply Management's reading on the manufacturing sector at 10:00 a.m..
U.S. stock index futures pointed to a flat to slightly higher open on Wall Street as investors reacted to overseas markets and a rate cut in China.
The Oracle of Omaha gives LeBron James some financial advice on CNBC—and it's simple.
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...
Some of the names on the move ahead of the open.
*Manufacturing data expected from Markit, ISM. *Investors will also eye data on the manufacturing sector, with financial data firm Markit final Manufacturing Purchasing Managers Index expected at 9:45 a.m.. The Institute for Supply Management's reading on the manufacturing sector is scheduled for release at 10:00 a.m..
Front-runners Ajit Jain nor Greg Abel don't know who will be Berkshire Hathaway's next CEO, Warren Buffett tells CNBC.