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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...

  • IBM's Watson to guide cancer therapies at 14 centers Tuesday, 5 May 2015 | 2:00 PM ET

    NEW YORK, May 5- Fourteen U.S. and Canadian cancer institutes will use International Business Machines Corp's Watson computer system to choose therapies based on a tumor's genetic fingerprints, the company said on Tuesday, the latest step toward bringing personalized cancer treatments to more patients. Faced with such a data deluge, "the solution is going to be...

  • Warren Buffett to auction another charity lunch Tuesday, 5 May 2015 | 11:25 AM ET

    May 5- Billionaire investor Warren Buffett has once again agreed to have lunch this year with the winner of an auction to benefit a San Francisco charity. Past auctions have raised about $17.8 million, including a record $3,456,789 from an anonymous bidder in 2012. Last year's winner, Andy Chua of Singapore, bid $2,166,766. Other winners have included hedge fund...

  • OMAHA, Neb., May 3- Warren Buffett puts on a good show. That show grew bigger as more than 40,000 Berkshire Hathaway shareholders poured into Omaha this weekend to celebrate his 50th anniversary running the company, at what the world's third-richest person calls Woodstock for Capitalists. Buffett and his chief lieutenant Charlie Munger answered their five...

  • "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...

  • OMAHA, Neb., May 2- Warren Buffett on Saturday denied that he had any anti-union agenda, as the NetJets luxury aviation unit of his Berkshire Hathaway Inc tries to end roughly two years of contentious contract talks with its pilots. Buffett spoke at Berkshire's annual shareholder meeting in Omaha, as some NetJets pilots picketed outside. The NetJets Association...

  • 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- 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- 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 rose to $5.16 billion, or $3,143 per share, from $4.71 billion, or $2,862, a year earlier. Quarterly operating profit...

  • Berkshire Hathaway 1st-qtr profit rises 10 percent Friday, 1 May 2015 | 5:16 PM ET

    OMAHA, Neb., May 1- Warren Buffett's Berkshire Hathaway Inc on Friday said first-quarter profit rose 10 percent, helped by improved results in its BNSF railroad unit, as well as by gains from derivatives. Net income rose to $5.16 billion, or $3,143 per share, from $4.71 billion, or $2,862. Quarterly operating profit increased 20 percent to $4.24 billion, or $2,583 per...

  • 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&...

  • WASHINGTON, April 29- President Barack Obama could prevail in his drive for legislation to boost a major Pacific trade deal if enough members of a group of moderate Democrats, as expected, lend their support, said lawmakers and trade specialists on Wednesday. Obama faces a tough fight in Congress over "fast-track" trade negotiating authority.

  • CHICAGO, April 22- Union Pacific Corp said on Thursday its first quarter results were hurt by a drop in coal volumes and the company warned coal would continue to weigh on its results throughout the year. Union Pacific said coal volumes fell 5 percent during the quarter. "Shares will be pressured on these results, but we have confidence that Union Pacific will be...

  • CHICAGO, April 22- No. 1 U.S. railroad Union Pacific Corp on Thursday reported a higher quarterly net profit as lower fuel costs and pricing gains offset falling freight volumes, but results fell short of market expectations. Union Pacific saw the volume of coal on its rails fall 5 percent during the quarter. Omaha- based Union Pacific posted first-quarter net...

  • April 21- Discount broker TD Ameritrade Holding Corp warned Tuesday its fiscal 2015 earnings will likely be at the lower range of its previously announced estimate because of the U.S. As with rivals such as Charles Schwab Corp, much of TD Ameritrade's profitability hinges on the difference between what it pays clients who keep cash in their accounts and what it...

  • Heinz Co, which is controlled by 3 G Capital and Buffett's Berkshire Hathaway. His larder already included everything from Burger King's Triple Whopper burgers, Coca-Cola soft drinks and Tim Horton donuts to See's Candies and Dairy Queen icecream Blizzards, as well as such Heinz brands as Tomato Ketchup, Ore-Ida fries, bagel bites and T.G.I. Friday's...

  • NEW YORK, March 1- Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate's insurance businesses. Buffett, the billionaire chief executive officer and chairman of Berkshire, said he would also support Jain if ever he decided to seek Buffett's post.