As Doug Kass sees it, "IBM" just as easily could stand for "I need Buffett's Money."» Read More
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."
LONDON— Warren Buffett's Berkshire Hathaway has reduced its stake in British retailer Tesco to under 3 percent, offering a fresh slap to the struggling company. Buffett's move, revealed in a regulatory filing Thursday, was not unexpected. He told CNBC this month that his investment in the supermarket giant was "a huge mistake by me."
OMAHA, Neb.— CSX railroad's top executive said Wednesday regulators are likely to be reluctant about consolidation among the major industry players because they remain concerned about service. CSX CEO Michael Ward said Wednesday the Surface Transportation Board would likely take a cautious approach to any railroad consolidation deals because there are...
OMAHA, Neb.— CSX Corp. on Tuesday said its third-quarter profit grew 12 percent to $509 million as it hauled more freight amid an improving economy. The Jacksonville, Florida- based company reported profit per share of 51 cents, beating the 47- cent average estimate of analysts surveyed by Zacks Investment Research. Zacks says analysts expected $3.16 billion.
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...
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...
Oct 10- Retailer Sears Holdings Corp said the payment data system at its Kmart unit had been breached, and that certain debit and credit card numbers could have been compromised. On Thursday, restaurant chain Dairy Queen, owned by Berkshire Hathaway Inc, confirmed that it may have compromised payment card information of customers across 46 U.S. states.
NEW YORK, Oct 10- Blackstone Group LP said on Friday it would spin off its advisory units into a company headed by star Wall Street investment banker Paul Taubman, to avoid potential conflicts of interest in the sprawling private equity empire. The new publicly traded company could be valued at $1 billion to $2 billion, a person close to Blackstone said.
NEW YORK— Ice cream and fast food chain Dairy Queen is the latest retailer to reveal a hack of its customer data. It's also the parent of the Orange Julius chain, and one stand-alone Orange Julius store was breached. Dairy Queen said there's no evidence Social Security numbers, card PIN numbers or email addresses were stolen.
Billionaire investor Warren Buffett predicts Hillary Clinton will not only run for president in 2016, she'll win.
Laguna Niguel, Calif., Oct 7- Billionaire investor Warren Buffett on Tuesday predicted Democrat Hillary Clinton would run for the U.S. presidency in 2016 and win. "Hillary is going to run," said Buffett, the chairman and chief executive of conglomerate Berkshire Hathaway Inc, speaking at Fortune's Most Powerful Women Summit in Laguna Niguel, California.
OMAHA, Neb.— Billionaire Warren Buffett says he's confident Hillary Rodham Clinton will run for president and win the job. Buffett was speaking Tuesday at Fortune magazine's Most Powerful Women conference in Laguna Niguel, California. Buffett is chairman and CEO of the Omaha, Nebraska, based Berkshire Hathaway conglomerate.
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Financial assistant to the chairman, investment manager and portfolio manager, Berkshire Hathaway
Co-founder and managing partner, 3G Capital
The man known as America's greatest investor isn't bothered by stock market volatility.
It took only seven years for Larry Van Tuyl to decide to sell the family business to Berkshire Hathaway.
Berkshire Hathaway's CEO Warren Buffett pushed back against a recent study that said his company doesn't protect LGBT employees.
Billionaire Warren Buffett says he made a big mistake investing in Tesco.