Berkshire Hathaway Inc
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Some of the names on the move ahead of the open.
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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.
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Constellation Energy Group's French joint-venture partner isn't happy with Warren Buffett's just-finalized deal to buy the Baltimore-based company.
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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.
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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.
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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.
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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.
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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.
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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."
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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.
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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.
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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...
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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."
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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.
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When Warren Buffett first revealed to us that he would be throwing out the ceremonial first pitch at tonight's Red Sox game in Boston, he seemed to be hedging his bets. He told CNBC's Becky Quick he would be prepared to throw any pitch catcher Jack Welch called for, even the tricky "ball that bounces four or five times before it gets to the plate." Buffett had nothing to worry about.
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Warren Buffett has thrown out the ceremonial first pitch at baseball games before, but he's never had a business all-star as a catcher. Tonight (Tuesday), Buffett is scheduled to take the mound at Boston's Fenway Park just before the Red Sox play the Tampa Bay Rays. His catcher: Jack Welch, the legendary former Chairman of General Electric, and a devoted Red Sox fan.
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In a live interview this morning on CNBC's Squawk Box, Warren Buffett told our Becky Quick that Treasury Secretary Henry Paulson "did exactly the right thing" when it took control of Fannie Mae and Freddie over the weekend. Here are a video clip and transcript of the entire on-air telephone coversation.
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The publicity machine is getting revved up for the release later this month of the new authorized biography of Warren Buffett. This morning, more than 400 Sunday newspapers around the country featured Parade Magazine with a smiling Buffett on the cover. The somewhat optimistic headline: 10 Ways to Get Rich - Warren Buffett's Secrets That Can Work For You.
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Twice each year, Standard and Poor's runs a stock screen, designed to find stocks that Warren Buffett might find attractive based on his general investment philosophy. The new list has just been released. Guess what well-known name is missing this time around. (Pay no attention to the picture on the left.)
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Download the complete CNBC transcript of Warren Buffett's three-hours of live appearances on Squawk Box's August 22 remote from Omaha.
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THIS IS PART SIX OF "THREE HOURS WITH WARREN BUFFETT - LIVE FROM OMAHA" ON CNBC'S SQUAWK BOX WITH BECKY QUICK, FRIDAY, AUGUST 22, 2008.