DaVita, the biggest U.S. operator of dialysis clinics, has agreed to buy privately-held HealthCare Partners for about $4.42 billion in cash and stock to expand into new markets to help offset potential revenue pressures in its main business.
Coty said on Monday it is withdrawing its $10.7 billion takeover bid for Avon Products, saying the world's largest cosmetics direct seller had missed its deadline to start talks.
Coty has raised its bid for Avon, with the backing of Warren Buffett's Berkshire Hathaway, but the beauty products company said it would withdraw the offer if Avon did not enter into talks by May 14.
Monday, 7 May 2012 | Posted By:
| Source: CNBC.com
Allowing high-frequency computer traders into the stock market is like letting “rats in the granary,” Warren Buffett’s right-hand man said in an exclusive CNBC interview.
Monday, 7 May 2012 | Posted By:
| Source: CNBC.com
It's not everyday you can find people to take the opposite side of a trade from Warren Buffett and Bill Gates, but then gold is not your average trade.
Warren Buffett's Berkshire Hathaway posted a 67-percent increase in operating profit, helped by its performance in insurance underwriting and its non-insurance businesses.
Warren Buffett's company is expected to release its first-quarter earnings report Friday afternoon as shareholders gather for this weekend's Berkshire Hathaway's meeting.
Stocks accelerated their losses in the final minutes of trading to close near lows Wednesday, pressured by a handful of lackluster tech earnings and amid renewed concerns over the euro zone.
U.S. stock index futures were lower Wednesday as central banks seemed to drift away from the idea of injecting more monetary stimulus and European shares fell.
With shares tumbling after Coty, the privately held maker of Beyoncé Knowles perfume, withdrew its hotly contested $10.7 billion takeover offer, Avon Products CEO Sherilyn McCoy needs to prove to investors that a turnaround plan is possible for the beauty products giant... Read More
The organizers of the 13th-annual charity auction of a steak lunch with Warren Buffett are hoping the winning bid will top $2 million for the fifth-straight year... Read More