Warren Buffett said Sunday his Berkshire Hathaway insurance and investment company may be "close" to buying a medium-sized British company and "will look" at Royal Bank of Scotland's possible divestiture of its insurance unit.
Saturday, 3 May 2008 | Source: The Associated Press
Warren Buffett tried to reassure his shareholders that Berkshire Hathaway will be fine once he is gone, but he offered few new details of the company's succession plan.
Berkshire Hathaway, the insurance and investment company run by Warren Buffett, has been preparing succession plans for when the 77-year-old billionaire steps down.
Warren Buffett will be the center of attention on Saturday at the annual shareholder meeting for Berkshire Hathaway, his roughly $200 billion holding company.
Warren Buffett's Berkshire Hathaway will sell its 16.3 percent stake in White Mountains Insurance Group Ltd in a transaction valued at $836 million, seven years after investing in the Bermuda-based insurer, White Mountains said Monday.
Sunday, 20 Jan 2008 | Source: The Associated Press
A downgrade of bond insurer Ambac Financial Group is likely to have far-reaching effects, making it more difficult for cities to issue new bonds and forcing further write-downs at financial services companies, analysts said Friday.