The private jet-sharing company has defeated an IRS lawsuit attempting to recoup more than $500 million of unpaid taxes and penalties.» Read More
In a live interview minutes after the House of Representatives passed the bailout bill, Warren Buffett told CNBC's Becky Quick that the measure is not a "panacea." While the rescue package will provide some tools to deal with the financial crisis and prevent what could have been a far worse situation, Buffett predicted that it will be quite a while before the economic recession bottoms out.
Warren Buffett suggests today (Thursday) that the U.S. Treasury should partner with private investors when it buys the "toxic" assets that are bringing global credit markets to a standstill, as a way to generate real market prices for those assets. He explains the idea in an interview with Fortune/CNNMoney.com.
In an interview tonight (Wednesday) with Charlie Rose on PBS, Warren Buffett says, "In my adult lifetime I don't think I've ever seen people as fearful, economically, as they are now... The economy is going to be getting worse for a while." Bloomberg also reports Buffett tells Rose that the freezing of credit markets is "sucking blood" from the U.S. economy, which he compares to a heart attack victim "flat on the floor."
Warren Buffett biographer Alice Schroeder offers three Buffett-style tips for investing in turbulent times during an appearance on CNBC's Power Lunch.
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If some other recent offerings are any indication, this might be the time to buy.
Warren Buffett is making a $3 billion investment in General Electric in a vote of confidence designed to ease global market fears about the health of its GE Capital unit. He talked about his admiration for GE and his hopes for a bailout package from Congress in a live telephone interview with CNBC's Becky Quick. Here's the unofficial "rush" transcript.
Shares of Chinese battery maker and 'green' car maker BYB Company Limited soared 42 percent today in Hong Kong trading, after this weekend's announcement that Warren Buffett is investing in the company.
The first authorized biography of Warren Buffett is being published today. The Snowball: Warren Buffett and the Business of Life was written by former insurance industry analyst Alice Schroeder with Buffett's full cooperation. Here are some excerpts from the book, as provided by its publisher, Bantam Dell.
Warren Buffett's "self-doubt and vulnerability" surprised the author of The Snowball, the billionaire investor's first authorized biography that goes on sale tomorrow. Alice Schroeder tells why in an interview with Reuters.
A subsidiary of Warren Buffett's Berkshire Hathaway is making a $230 million investment in a Chinese battery company that's developing environmentally-friendly cars to be sold around the world. In a news release, Berkshire's MidAmerican Energy Holdings says it has agreed to buy a 10 percent stake in BYD Company Limited, which trades on Hong Kong's stock exchange.
Warren Buffett says in the new biography coming out Monday that letting his wife leave their Omaha home in 1977 was the "biggest mistake I ever made," according to The New York Daily News. One of the reasons Susie began a romance with her tennis coach and then left her "iceberg" husband: Katherine Graham's public flirtation with Buffett when the Washington Post publisher was a 59-year-old widow and he was 46.
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.
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.
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.