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Berkshire Hathaway Inc

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  • 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...

  • 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...

  • 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...

  • Forbes List: 10 richest people in the world Monday, 2 Mar 2015 | 12:20 PM ET

    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...

  • Cramer: Buffett could be right about IBM, but... Monday, 2 Mar 2015 | 10:13 AM ET
    Jim Cramer and Warren Buffett.

    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..

  • Wall Street takes stock of China rate cut Monday, 2 Mar 2015 | 8:43 AM ET

    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.

  • Here's Warren Buffett's advice to LeBron James Monday, 2 Mar 2015 | 8:22 AM ET
    Warren Buffett

    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...

  • Early movers: BRK.B, AAPL, LL, CAH, BSX & more Monday, 2 Mar 2015 | 7:50 AM ET
    Traders work on the floor of the New York Stock Exchange.

    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..

  • Succession front-runners still in the dark: Buffett Monday, 2 Mar 2015 | 7:19 AM ET
    Warren Buffett

    Front-runners Ajit Jain nor Greg Abel don't know who will be Berkshire Hathaway's next CEO, Warren Buffett tells CNBC.

  • OMAHA, Neb.— Investor Warren Buffett is praising both IBM and ExxonMobil even though the computing business has struggled and Berkshire Hathaway sold its 41 million shares in the oil producer. Buffett says he still likes IBM's prospects even though the company has been dealing with declining sales. He backed that up by increasing Berkshire's stake in IBM to...

  • OMAHA, Neb.— Billionaire Warren Buffett didn't end the speculation about his eventual successor, but he reiterated Monday that Berkshire Hathaway's board has a plan in place. Berkshire's Vice Chairman Charlie Munger spurred renewed interest in the replacement for the 84- year-old Buffett over the weekend because he singled out two candidates in his own...

  • Buffett: Greece shows weakness of 'shared currency' Monday, 2 Mar 2015 | 6:07 AM ET
    Warren Buffett

    The Oracle of Omaha answers questions from CNBC viewers following Saturday's release of his yearly letter to Berkshire's shareholders.

  • Berkshire 'superstar' to fill Buffett's shoes? Monday, 2 Mar 2015 | 12:02 AM ET
    Warren Buffett

    Warren Buffett lavishly praised Berkshire Hathaway executive Ajit Jain in 2011 for running much of the conglomerate's insurance businesses.

  • NEW YORK, March 1- Greg Abel, the 52- year-old head of Berkshire Hathaway Energy, is not unlike the company he oversees: like utilities themselves, he is reliable, hard-working- and usually in the background. Those traits could serve him well should he indeed succeed the iconic Buffett, who has headed the sprawling Berkshire Hathaway conglomerate for 50 years.

  • NEW YORK, March 1- Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate's insurance businesses. Buffett, the billionaire chief executive officer and chairman of Berkshire, said he would also support Jain if ever he decided to seek Buffett's post.

  • OMAHA, Neb.— The crowd at this year's Berkshire Hathaway annual meeting is likely to top 40,000 as the company marks 50 years of Warren Buffett's leadership. Berkshire investors routinely fill Omaha's downtown arena and overflow rooms at the conference center and a hotel across the street for the meeting. Not long before the arena doors open at 7 a.m. on May 2, a...