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A Kansas company that is part of Warren Buffett's Berkshire Hathaway has stopped selling private bank deposit insurance above the amount guaranteed by the federal government...
Yesterday, I was at Fenway Park to witness what was very likely the richest ceremonial first pitch in sports history as Warren Buffett threw out the first pitch at the Red Sox-Rays game to Jack Welch.
A Berkshire Hathaway subsidiary's move to stop insuring bank deposits above federal limits apparently reflects Warren Buffett's worries about future bank failures. Several reports say that Kansas Bankers Surety in Topeka is getting out of the business of backing deposits above the $100,000 limit guaranteed by the Federal Deposit Insurance Corp. for many bank accounts. And the Wall Street Journal says this morning that the decision came from Buffett himself. "Two people briefed on the matter said the order was made Monday by Mr. Buffett."
Warren Buffett and his good friend Jack Welch (the former General Electric Chairman) took the field at Boston's Fenway Park Tuesday night for the ceremonial first pitch before the Red Sox and Tampa Bay Rays continued their pennant fight. Here are some behind-the-scenes photos taken by CNBC Producer Tom Rotunno as Buffett toured the historic ballpark and warmed up with Welch for their debut. Also included: official Red Sox photos of Buffett on the mound.
When Warren Buffett first revealed to us that he would be throwing out the ceremonial first pitch at tonight's Red Sox game in Boston, he seemed to be hedging his bets. He told CNBC's Becky Quick he would be prepared to throw any pitch catcher Jack Welch called for, even the tricky "ball that bounces four or five times before it gets to the plate." Buffett had nothing to worry about.
Warren Buffett has thrown out the ceremonial first pitch at baseball games before, but he's never had a business all-star as a catcher. Tonight (Tuesday), Buffett is scheduled to take the mound at Boston's Fenway Park just before the Red Sox play the Tampa Bay Rays. His catcher: Jack Welch, the legendary former Chairman of General Electric, and a devoted Red Sox fan.
In a live interview this morning on CNBC's Squawk Box, Warren Buffett told our Becky Quick that Treasury Secretary Henry Paulson "did exactly the right thing" when it took control of Fannie Mae and Freddie over the weekend. Here are a video clip and transcript of the entire on-air telephone coversation.
The publicity machine is getting revved up for the release later this month of the new authorized biography of Warren Buffett. This morning, more than 400 Sunday newspapers around the country featured Parade Magazine with a smiling Buffett on the cover. The somewhat optimistic headline: 10 Ways to Get Rich - Warren Buffett's Secrets That Can Work For You.
Twice each year, Standard and Poor's runs a stock screen, designed to find stocks that Warren Buffett might find attractive based on his general investment philosophy. The new list has just been released. Guess what well-known name is missing this time around. (Pay no attention to the picture on the left.)
This fall promises to be incredibly busy with the publications of some highly anticipated books that will surely become must reads.
Download the complete CNBC transcript of Warren Buffett's three-hours of live appearances on Squawk Box's August 22 remote from Omaha.
THIS IS PART SIX OF "THREE HOURS WITH WARREN BUFFETT - LIVE FROM OMAHA" ON CNBC'S SQUAWK BOX WITH BECKY QUICK, FRIDAY, AUGUST 22, 2008.
THIS IS PART FIVE OF "THREE HOURS WITH WARREN BUFFETT - LIVE FROM OMAHA" ON CNBC'S SQUAWK BOX WITH BECKY QUICK, FRIDAY, AUGUST 22, 2008.
THIS IS PART FOUR OF "THREE HOURS WITH WARREN BUFFETT - LIVE FROM OMAHA" ON CNBC'S SQUAWK BOX WITH BECKY QUICK, FRIDAY, AUGUST 22, 2008.
THIS IS PART THREE OF "THREE HOURS WITH WARREN BUFFETT - LIVE FROM OMAHA" ON CNBC'S SQUAWK BOX WITH BECKY QUICK, FRIDAY, AUGUST 22, 2008.
THIS IS PART TWO OF "THREE HOURS WITH WARREN BUFFETT - LIVE FROM OMAHA" ON CNBC'S SQUAWK BOX WITH BECKY QUICK, FRIDAY, AUGUST 22, 2008.
THIS IS PART ONE OF "THREE HOURS WITH WARREN BUFFETT - LIVE FROM OMAHA" ON CNBC'S SQUAWK BOX WITH BECKY QUICK, FRIDAY, AUGUST 22, 2008.
Warren Buffett tells our Becky Quick that he has been adding recently to one of the two stakes Berkshire Hathaway already has in a pair of financial stocks: American Express and Wells Fargo. But, in keeping his custom of not revealing too much, he won't say which one. Even so, investors are bidding up the price of both stocks this morning. It's just one of many comments Buffett made during a series of live appearances with CNBC's Becky Quick throughout this morning's three hours of Squawk Box. Here's a summary of the highlights.
THIS IS A LIVE BLOG ARCHIVE OF WARREN BUFFETT'S APPEARANCES ON CNBC'S SQUAWK BOX THIS MORNING. BUFFETT SPOKE WITH BECKY QUICK LIVE IN OMAHA, NEBRASKA. ALL TIMES ARE EASTERN.
Warren Buffett may make some brief appearances in a new documentary film that paints a bleak picture of America's financial future, but he didn't quite follow the script in a live discussion beamed to hundreds of movie theaters for the film's premiere.