Wednesday, 18 Nov 2009 | Source: The New York Times
After first staunchly defending its outsize profits and pay, and then bristling at calls for restraint in these tough economic times, Goldman is trying a new tack: It is apologizing for past mistakes that led to the financial crisis — and sharing at least some of its riches. The New York Times reports.
Biography on CNBC explores the events that made the American Dream possible for these business legends and takes an in-depth look at what lies behind the industry greats and legendary companies.
Warren Buffett's company will sell its stakes in Union Pacific and Norfolk Southern railroads before it completes its $26.3 billion acquisition of Burlington Northern Santa Fe railroad.
Warren Buffett's Berkshire Hathaway Friday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
Fitch Ratings said Thursday it may cut its ratings on Warren Buffett's Berkshire Hathaway on concerns about the effect its planned acquisition of Burlington Northern Santa Fe will have on its asset profile and capitalization.
Warren Buffett's Berkshire Hathaway has joined Goldman Sachs Group in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter.
Warren Buffett's Berkshire Hathaway has joined Goldman Sachs Group in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter.
Tuesday, 3 Nov 2009 | Posted By:
Paul Toscano | Source: CNBC.com
As CEO and primary shareholder of Berkshire Hathaway (BRK), Warren Buffett, the world's most famous investor, has developed a well-known reputation of buying big stakes in companies he believes in. When Buffett buys shares of a company for BRK, the markets translate his moves as a vote of confidence for a firm's continued success. Although Berkshire Hathaway's holdings change, the company's most recent SEC filings* reveal where the Oracle of Omaha is most heavily invested. Here are the 15 publicly traded stocks, by value, that are the biggest holdings of Berkshire Hathaway.
On Tuesday, Warren Buffett's Berkshire Hathaway announced that it will allow its Class B shareholders to vote on a 50-for-1 stock split that has already been approved by the board.
Tuesday, 3 Nov 2009 | Source: CNBC staff and wire reports
In its largest acquisition to date, Berkshire Hathaway said Tuesday it will acquire the 77 percent stake in Burlington Northern Santa Fe that it doesn't already own for $100 a share in cash and stock.
Stocks rallied for a third day Wednesday, jumping more than 1 percent, as industrial production rose for a second straight month and weakness in the dollar boosted commodity and industrial stocks.
Warren Buffett will be one of three co-chairmen for a just-announced $500 million Goldman Sachs initiative to help small businesses around the United States, and perhaps, the firm's damaged public image.... Read More
Warren Buffett says he's not expecting, and isn't entitled to, "spectacular" returns on Berkshire Hathaway's planned acquisition of the Burlington Northern Santa Fe freight railroad.... Read More