Amid the wreckage of the crude oil market, Warren Buffett's already big bet on an oil giant nears $1 billion.» Read More
Warren Buffett tells CNBC he's making a $5 billion investment in Goldman Sachs because "the price was right, the terms were right, and the people were right." He also made it clear that he would not have bought anything right now, if he wasn't confident Washington will do the "rational" thing and approve the financial bailout proposal put forward by Treasury Secretary Henry Paulson.
The Dow fell Tuesday as Congress spent the day bickering over the Wall Street bailout. Also, after hours we learned Warren Buffett is buying Goldman shares.
In a surprise return to Wall Street, Warren Buffett's Berkshire Hathaway has a deal to make a $5 billion investment in Goldman Sachs. Up until now, he has rejected all pleas to come to Wall Street's aid during the current crisis.
Electricitie de France's management is "mixed" on continuing its challenge to Warren Buffett's "bargain buy" of Constellation Energy, now that the Baltimore company's board has recommended a sale to Berkshire Hathaway subsidiary MidAmerican Energy.
The Bush administration's controversial financial bailout proposal may be getting a heavy dose of criticism today from angry lawmakers on Capitol Hill, but Warren Buffett tells us he wholeheartedly supports the plan. He told CNBC's Becky Quick over the weekend, "It's what I would do if I were there."
Watch out, Warren! Your name is getting kicked around in Washington as the common-sense financial wizard the nation needs in these troubled times.
Berkshire Hathaway's last-second spike to $147,000 a share at Friday's closing bell didn't last long. As of early afternoon in New York today (Monday), shares of Warren Buffett's holding company are back to about where they were Friday just before the spike, around $132,000 each.
The highly-anticipated first authorized biography of Warren Buffett was supposed to be kept under wraps until its official release on September 29. But tonight the Associated Press is out with some of Buffett's "flaws", as revealed in The Snowball: Warren Buffett and the Business of Life.
Constellation Energy Group's French joint-venture partner isn't happy with Warren Buffett's just-finalized deal to buy the Baltimore-based company.
In a stunning last-second spike, shares of Warren Buffett's Berkshire Hathaway closed today (Friday) at $147,000 each. That's an increase of $18,990 a share, or 14.83 percent, the biggest one-day move ever for Berkshire.
In late July, Berkshire Hathaway shares were down 25 percent from their December highs and the stock was doing worse than the benchmark S&P 500 for the year. A lot has changed since then.
Kraft Foods is going into the Dow Jones Industrial Average this coming Monday to replace AIG, the insurer that's been taken over by the federal government. Warren Buffett's Berkshire Hathaway is Kraft's biggest stakeholder with about 138 million shares, worth over $4 billion. That's a stake of over 9 percent.
A subsidiary of Warren Buffett's Berkshire Hathaway just announced a tentative agreement to buy Constellation Energy for roughly $4.7 billion in cash. MidAmerican Energy Holdings is paying just $26.50 a share. Constellation's stock closed at $58.37 last Friday and finished 2007 at $102.53.
After six months as the reigning "World's Richest Billionaire," Warren Buffett has lost his title, and a few billion dollars. The Forbes 400 list of the richest Americans has just been released, and Buffett's friend Bill Gates, the former Microsoft Chairman, is at the top of the rankings, with an estimated net worth of $57 billion. That tops Buffett's $50 billion, although he's still number two out of 400 on the Forbes list of the nation's super-rich.
Don't count on Warren Buffett to "rescue" AIG as its white knight. A few minutes ago, CNBC's David Faber reported on the air that Buffett is "no longer" in talks with the insurer "about an investment or anything else."
Value investor Whitney Tilson, in a video interview by TheStreet.com, rejects the suggestion that Warren Buffett is "losing his touch" as Berkshire's stock continues to underperform the market so far this year.
We now have video evidence that Warren Buffett's pitch to catcher Jack Welch at Boston's Fenway Park last night wasn't quite a "perfect strike." We also, however, can go to the videotape to prove that Buffett throws better than Mariah Carey.
A Kansas company that is part of Warren Buffett's Berkshire Hathaway has stopped selling private bank deposit insurance above the amount guaranteed by the federal government...
A Berkshire Hathaway subsidiary's move to stop insuring bank deposits above federal limits apparently reflects Warren Buffett's worries about future bank failures. Several reports say that Kansas Bankers Surety in Topeka is getting out of the business of backing deposits above the $100,000 limit guaranteed by the Federal Deposit Insurance Corp. for many bank accounts. And the Wall Street Journal says this morning that the decision came from Buffett himself. "Two people briefed on the matter said the order was made Monday by Mr. Buffett."
Warren Buffett and his good friend Jack Welch (the former General Electric Chairman) took the field at Boston's Fenway Park Tuesday night for the ceremonial first pitch before the Red Sox and Tampa Bay Rays continued their pennant fight. Here are some behind-the-scenes photos taken by CNBC Producer Tom Rotunno as Buffett toured the historic ballpark and warmed up with Welch for their debut. Also included: official Red Sox photos of Buffett on the mound.