
Alice Schroeder's authorized biography of Warren Buffett is now available in a trade paperback edition. In an "updated and condensed" version of The Snowball: Warren Buffett and the Business of Life, Schroeder adds a new 31-page chapter covering events after the hardcover's publication last year. She candidly describes how Buffett made a "series of characteristic brilliant moves interspersed with some surprising errors" as the financial crisis unfolded. With thanks to Bantam and Random House, here is an excerpt from Schroeder's new material.
Warren Buffett's Berkshire Hathaway plans to sell its stakes in Union Pacific and Norfolk Southern, now that it plans to buy their competitor, Burlington Northern.
Burlington Northern Santa Fe CEO Matt Rose says the railroad's proposed acquisition by Berkshire Hathaway is being "very warmly received" by Washington policy makers.
Warren Buffett's NetJets is putting 495 of its 3200 pilots on furlough effective January 15, as the Berkshire Hathaway subsidiary continues to cut back in the face of a slowdown in private corporate air travel.
Warren Buffett's Berkshire Hathaway could be stripped of its one remaining top-grade AAA credit rating. Standard & Poor's Ratings Services says in a news release today that it has put Berkshire on "CreditWatch with negative implications" in the wake of its announced deal to buy all of Burlington Northern Santa Fe.
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