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Berkshire Hathaway Inc

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  • 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...

  • 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...

  • 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."

  • Buffett reduces stake in Tesco to under 3 percent Thursday, 16 Oct 2014 | 5:48 AM ET

    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."

  • CSX CEO says rail deals would face tough scrutiny Wednesday, 15 Oct 2014 | 10:43 AM ET

    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...

  • 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.

  • CSX 3Q profit rises 12 percent, tops estimates Tuesday, 14 Oct 2014 | 4:09 PM ET

    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.

  • 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...

  • UPDATE 1-Sears detects data breach at Kmart unit Friday, 10 Oct 2014 | 6:36 PM ET

    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.

  • 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.