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Berkshire Hathaway Inc

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  • For the week ending Friday, September 26, 2008,  the major U.S. Indices tumbled for the week as uncertainty lingered over the Congressional $700B bailout package.  We also witnessed a historic bank failure, unsatisfying housing data, a continued rise in jobless claims, and a record one-day gain in the price of crude.  The S&P 500 and NASDAQ Composite shed more than 3% for the week. The NASDAQ had the worst weekly performance amongst the three major indices, losing 3.98%, followed by S&P 500 which lost 3.3%, marking their biggest weekly drops since the start of Sept. for the NASDAQ & since mid May for the S&P.

  • The first authorized biography of Warren Buffett goes on sale Monday, September 29, and it could very well be the biggest business book of the year, both in sales and weight. (At 976 pages, the hardcover edition weighs in at three pounds, 6.5 ounces.)   The publisher has posted a few excerpts, including a description of Buffett's 1999 "preaching" to an audience that thought the Internet would make them rich, forever.

  • Warren Buffett was interviewed live by telephone on CNBC's Squawk Box this morning about his surprise investment of at least $5 billion in Goldman Sachs. This is part three of the complete transcript of that conversation.

  • Warren Buffett was interviewed live by telephone on CNBC's Squawk Box this morning about his surprise investment of at least $5 billion in Goldman Sachs. This is part two of the complete transcript of that conversation.

  • Financials - Winners and Losers Since Lehman's Fall Wednesday, 24 Sep 2008 | 11:01 AM ET

    It is now a week an a half since we saw the collapse of Lehman.  Here is a snapshot of how the various banks have fared since that notorious weekend.

  • Warren Buffett was interviewed live by telephone on CNBC's Squawk Box this morning about his surprise investment of at least $5 billion in Goldman Sachs. This is part one of the complete transcript of that conversation.

  • 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.

  • Congress Debates Bailout, Buffett Buys Goldman Shares Tuesday, 23 Sep 2008 | 6:37 PM ET

    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.

  • The Constellation Energy building is photographed Monday, Dec. 19, 2005, in Baltimore. Energy supplier FPL Group Inc. is buying rival power-plant operator Constellation Energy Group Inc. for more than $11 billion in stock in a deal announced Monday that would create one of the nation's biggest electricity conglomerates. (AP Photo/Gail Burton)

    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.

  • The Constellation Energy building is photographed Monday, Dec. 19, 2005, in Baltimore. Energy supplier FPL Group Inc. is buying rival power-plant operator Constellation Energy Group Inc. for more than $11 billion in stock in a deal announced Monday that would create one of the nation's biggest electricity conglomerates. (AP Photo/Gail Burton)

    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.

  • Buffett's Berkshire Bounces Back to Beat the Bears Friday, 19 Sep 2008 | 11:47 AM ET

    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.

  • Boxes of Kraft Macaroni and Cheese are seen Wednesday, April 19, 2006, in Milwaukee. Kraft Foods Inc. releases first-quarter earnings after the bell.  (AP Photo/Morry Gash)

    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.

  • The Constellation Energy building is photographed Monday, Dec. 19, 2005, in Baltimore. Energy supplier FPL Group Inc. is buying rival power-plant operator Constellation Energy Group Inc. for more than $11 billion in stock in a deal announced Monday that would create one of the nation's biggest electricity conglomerates. (AP Photo/Gail Burton)

    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.

  • Warren Buffett Loses Title of World's Richest Billionaire Wednesday, 17 Sep 2008 | 8:50 PM ET

    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.