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  • LAS VEGAS, May 6- Hedge fund mogul Daniel Loeb on Wednesday took aim at the " Oracle of Omaha," calling beloved billionaire Warren Buffett a hypocrite. He criticizes activists but he was the first activist, "Loeb, who runs $17.5 billion hedge fund Third Point, said about Buffett who has been running conglomerate Berkshire Hathaway for 50 years. Loeb, known in investment...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbor Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • May 5- Mexican conglomerate Alfa Sab de CV and Harbour Energy Ltd have agreed to acquire Canadian oil and gas company Pacific Rubiales Energy Corp for C $6 billion, including debt, a person familiar with the matter said on Tuesday. Toronto- listed Pacific Rubiales, whose shares also trade in Colombia, suspended trade in its Bogota shares on Tuesday afternoon after...

  • MEXICO CITY, May 5- Mexican oil company Pemex said an accident on Tuesday has left an offshore maintenance rig in the southern Bay of Campeche listing, killing two workers, but has not affected crude production. Oilfield services firm Typhoon Offshore, owned by Mexican conglomerate Grupo Salinas and operator of the platform, said in a statement that the platform...

  • May 4- Hotel, energy and financial services conglomerate Loews Corp reported a 59 percent drop in quarterly profit from continuing operations due to lower income from its energy and insurance subsidiaries. The company's income from continuing operations fell to $109 million, or 29 cents per share, in the first quarter ended March 31 from $265 million, or 68...

  • HONG KONG, May 3- Fosun International Ltd, an investment company controlled by Chinese billionaire Guo Guangchang, said it had offered to buy the 80 percent it does not already own in U.S. insurer Ironshore Inc for $1.8 billion. The move follows Fosun's decision to buy a 20 percent stake in the casualty and property insurer for $464 million in August 2014 in a bid to...

  • Buffett hits back at Clayton Homes lending gripes Saturday, 2 May 2015 | 7:40 PM ET
    Warren Buffett and Bill Gates make their way to the Berkshire Hathaway Annual Shareholder's Meeting in Omaha, Nebraska on May 2, 2015.

    Warren Buffett unapologetically defended Clayton Homes on Saturday from accusations of predatory lending.

  • "If we get back to normal interest rates, stocks at these prices will look high," said Buffett, speaking at the annual shareholders' meeting of his sprawling conglomerate Berkshire Hathaway Inc.. While he often emphasizes the importance of not basing long-term investing decisions on short-term economic expectations, his views on the U.S. and global economies...

  • *Buffett defends 3 G cost-cutting, Clayton Homes. OMAHA, Neb., May 2- Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he is gone. "It's not Disneyland, it's Warrenland," said David Rolfe, chief...

  • Berkshire too big? Don't be silly, Buffett says Saturday, 2 May 2015 | 4:32 PM ET
    Warren Buffett at the Berkshire Hathaway Annual Shareholder's Meeting in Omaha Nebraska on May 2, 2015.

    Warren Buffett rejected the idea that Berkshire is so big that it is now too big to fail and requires tighter regulatory oversight.

  • May 2- Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism that the company would thrive over the long haul, even after he is gone. >Buffett says no apologies for Clayton Homes lending practices. >Warren Buffett denies that Berkshire Hathaway' too big to...

  • OMAHA, Neb., May 2- Warren Buffett on Saturday rejected the idea that Berkshire Hathaway Inc, a sprawling conglomerate he has built over 50 years, has grown so big that it is now too big to fail and requires tighter regulatory oversight. Those catastrophes can be costly, and both the September 11 attacks on the World Trade Center and Pentagon as well as Hurricane...

  • OMAHA, Neb., May 2- Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he's gone. "It's not Disneyland, it's Warrenland," said David Rolfe, chief investment officer of Wedgewood Partners Inc..

  • OMAHA, Neb., May 2- Billionaire investor Warren Buffett said on Saturday that stock prices would look expensive if interest rates normalized from their ultra low levels. "If we get back to normal interest rates, stocks at these prices will look high," said Buffett, speaking at the annual Berkshire Hathaway meeting of his sprawling conglomerate Berkshire Hathaway.

  • OMAHA, Neb., May 2- Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire fielded questions about the company and its future, and explained some business practices. Berkshire owns more than 80 companies including the Burlington Northern railroad, Geico car insurance,...

  • OMAHA, Neb., May 1- Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, and operating results easily beat forecasts, boosted by its railroad and insurance businesses and gains from derivatives. Net income for the Omaha, Nebraska- based insurance and investment conglomerate rose to $5.16 billion, or $3,143 per share, from...

  • OMAHA, Neb., May 1- The sign for the Nebraska Furniture Mart on Dodge Road in Omaha contains a cartoon of Warren Buffett and a big number "50," a number looming large for Berkshire Hathaway Inc shareholders this weekend as they celebrate the investing legend's half a century running the conglomerate. SELECTED COMPANIES OWNED BY BERKSHIRE Benjamin Moore, Berkshire...

  • NEW YORK, April 30- Warren Buffett has carved out a core stock-picking strategy of investing in companies with strong economic "moats," businesses that have built, fortified and generated success from well-known brands that make it difficult for them to succumb to competitive forces. Stalwarts like International Business Machines, Coca-Cola Inc, Procter&...

  • NEW YORK, April 27- DuPont's board is open to a negotiated settlement with activist Trian Fund Management in the run-up to the company's annual shareholder meeting in May, sources close to the matter said on Monday. Despite the stalemate between the chemical conglomerate and the New York- based fund, DuPont's "doors are not barred for something reasonable," one of...

  • April 27- U.S. proxy advisory firm ISS recommended that DuPont shareholders vote in favor of Nelson Peltz joining the company's board, but said it was unclear if the chemical conglomerate should be broken up as demanded by the activist investor. DuPont's shares rose as much as 4.5 percent to $74.77 in morning trading on the New York Stock Exchange on Monday.