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  • Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment. A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 million shares, which amounts to more than 10 percent of the Houston...

  • *U.S. billionaire Warren Buffett "jumpstarted" the project. *Kazakhstan suffered from Soviet-era nuclear tests. ASTANA, Aug 27- The International Atomic Energy Agency and Kazakhstan signed an agreement on Thursday to locate the first internationally-controlled bank of low-enriched uranium in the ex-Soviet nation to ensure fuel supplies for power stations...

  • *U.S. billionaire Warren Buffett "jumpstarted" the project. *Kazakhstan suffered from Soviet-era nuclear tests. ASTANA, Aug 27- The International Atomic Energy Agency and Kazakhstan signed an agreement on Thursday to locate the world's first bank of low-enriched uranium in the ex-Soviet nation to ensure fuel supplies for power stations and prevent nuclear...

  • Aug 24- Geico, the auto insurance unit of Warren Buffett's Berkshire Hathaway Inc, agreed to pay $6 million to settle charges it discriminated based on gender, education level and occupation when quoting rates online, the California Department of Insurance said on Monday. The settlement lasts three years and resolves claims first raised by the Consumer...

  • Trump has done well, but not as well as the stock market Thursday, 20 Aug 2015 | 11:48 AM ET

    By the measure of success he holds most dear— wealth— Donald Trump has done well. Since 1987, when the real estate mogul published his best-seller "Art of the Deal," his net worth has jumped 300 percent to $4 billion, according to figures from wealth-tracker Forbes magazine. Associated Press researcher Jennifer Farrar contributed to this report.

  • Aug 14- Warren Buffett's Berkshire Hathaway Inc on Friday said it boosted its stake in cable TV operator Charter Communications Corp, and signaled it may have another large investment planned after agreeing to buy Precision Castparts Corp in its largest-ever purchase. The changes were disclosed in a U.S. Securities and Exchange Commission filing detailing...

  • Aug 14- Warren Buffett's Berkshire Hathaway Inc has eliminated its stakes in National Oilwell Varco Inc and Phillips 66, and on Friday signaled it may have another large investment in the works. The changes were disclosed in a filing with the U.S. Securities and Exchange Commission detailing Berkshire's U.S.-listed stock portfolio as of June 30.

  • BOSTON, Aug 14- Legendary investor Warren Buffett was not the only one to turn sweet on Precision Castparts Corp this summer. Buffett's plan to pay $32.3 billion for the Precision Castparts Corp, announced on Monday, helped push the stock price up nearly 19 percent this week, likely making for a handsome payoff for the funds that took new positions or raised stakes.

  • Red-hot M&A doesn't signal a bubble: Lazard's Parr Thursday, 13 Aug 2015 | 10:55 AM ET
    Gary Parr, Vice Chairman Lazard.

    With global dealmaking this year expected to exceed the record levels of 2007, Lazard Vice Chairman Gary Parr tells CNBC why he's not worried about froth.

  • Aug 12- Deciding if you want to bet on Alphabet is essentially a choice on what you want to back: Sergey Brin and Larry Page or human nature. Brin and Page have changed the world and created a cash flow behemoth in Google. Human nature, on the other hand, has created every other conglomerate, which, with the possible exception of Berkshire Hathaway, have a general record...

  • UPDATE 1-Kraft Heinz to cut 2,500 jobs in U.S. and Canada Wednesday, 12 Aug 2015 | 9:48 AM ET

    Aug 12- Kraft Heinz Co said it will eliminate 2,500 jobs in the United States and Canada, including about 700 at its headquarters in Northfield, Illinois. Kraft Heinz currently has about 46,000 employees, including about 1,900 at the company's headquarters, spokesman Michael Mullen in an emailed statement to Reuters on Wednesday. The combined Kraft Heinz has...

  • Kraft Heinz to cut 2,500 jobs in U.S., Canada Wednesday, 12 Aug 2015 | 8:39 AM ET

    Aug 12- Kraft Heinz Co said it will cut 2,500 jobs in the United States and Canada as part of its cost cutting initiatives following the creation of the company through the $46- billion merger of ketchup maker H.J. Heinz with Kraft Foods. Of the total job cuts, 700 will be in Kraft Heinz's Northfield, Illnois headquarters, spokesman Michael Mullen in an emailed...

  • Lunch is better when you fly there Wednesday, 12 Aug 2015 | 7:00 AM ET
    Tasting Table Editor in Chief Kat Kinsman steps out of a private jet in Nantucket, Massachusetts.

    How do you impress a professional foodie? Take them for a seafood lunch via private jet.

  • Cramer: Alphabet will skyrocket, thanks to Amazon Tuesday, 11 Aug 2015 | 6:34 PM ET
    Google Alphabet

    Jim Cramer provides his take on Google's new Alphabet. It's not just a bunch of letters.

  • Aug 11- Standard& Poor's on Tuesday said it may downgrade Warren Buffett's Berkshire Hathaway Inc because the company plans to spend a large amount of its cash to finance its roughly $32.3 billion purchase of aerospace parts maker Precision Castparts Corp.. S&P analyst Laline Carvalho wrote that the agency may lower the rating by one or two notches within 90...

  • Aug 11- Standard& Poor's on Tuesday said it may downgrade Warren Buffett's Berkshire Hathaway Inc because the company is spending a large amount of cash to finance its roughly $32.3 billion purchase of aerospace parts maker Precision Castparts Corp.. Berkshire had $66.6 billion of cash as of June 30. Buffett told CNBC television on Monday that he plans to use...

  • *Ukraine computer hackers stole corporate information. NEW YORK, Aug 11- An alliance of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years after stealing confidential corporate press releases, U.S. authorities said on Tuesday. Prosecutors said that hackers based in Ukraine...

  • NEW YORK, Aug 11- Growing pension obligations at Precision Castparts Corp, which Berkshire Hathaway has agreed to buy for $32 billion, highlight an issue that large U.S. corporations still face, almost a decade into a low-interest rate environment. Precision Castparts' pension promises to pay $2.84 billion to its more than 10,300 participants, but was...

  • *China uncertainty weighs on Apple, GM, Caterpillar. Aug 11- All three major U.S. stock indexes were down more than 1 percent on Tuesday for the first time in over a month as China's surprise devaluation of the yuan stoked fears about the health of the economy and pressured commodity-related stocks. The yuan fell to its lowest against the dollar in almost three years...

  • TORONTO, Aug 11- Canada's Fairfax Financial Holdings Ltd said on Tuesday it has added investor safeguards to a plan to preserve founder Prem Watsa's voting stake, a move aimed at assuaging the concerns of minority shareholders who had opposed the proposal. The plan has been opposed by two of Canada's top pension fund managers, Canada Pension Plan Investment...