Two former friends from Wall Street now share an awkward relationship at a prison outside of Boston, reports the New York Times.» Read More
How much oil pressure can the stock market take before it blows a gasket? Oil continues to surge into record territory, closing in on $88 per barrel and ready to pump right through $90. Stocks are floundering this morning after weakness in Europe and a down day in Asia. China, though, continues to be the exception with Shanghai stocks once more in record territory.
During a visit to Toronto for a fundraiser, Warren Buffett predicts the Canadian dollar will continue to strengthen against the U.S. dollar over the next five years.
The Wall Street Journal's widely followed Heard on the Street column today focuses on Warren Buffett's big PetroChina sales in recent weeks, even as the stock has rallied to new highs. It neatly recaps the question we've been asking here at WBW: Is Buffett selling because he thinks PetroChina has become overvalued after an enormous run-up or is he selling in response to human-rights activists who see divestment as a way to pressure China over its ties to Sudan, which is accused of supporting mass killings in Darfur?
Warren Buffett may be making big cuts in his PetroChina holdings, but another very well-known international investor is sticking with the big Chinese energy company. Mark Mobius says just because Buffett is selling, don't assume the stock is going lower. Indeed, Buffett may have something very different in mind.
The PetroChina selling continues and continues to accelerate at Warren Buffett's Berkshire Hathaway. In a filing with the SEC made public just moments ago, Berkshire reveals that as of September 30 its controversial stake in the Chinese energy company had dropped to just 3.1%. That follows a flurry of selling in September that brought the holdings from from just under 10% when the month started.
Another filing reveals that Warren Buffett's sales from his controversial PetroChina stake are accelerating. Is he going to get rid of all his holdings amid pressure from human rights activists?
Investment guru Warren Buffett's Berkshire Hathaway cut its holding in PetroChina again on Sept. 21, selling $102 million worth of shares in Asia's top oil and gas producer.
More U.S. railroads, less Chinese energy. That's the trend in just five words based on the latest filings from Warren Buffett's Berkshire Hathaway.
Warren Buffett's Berkshire Hathaway raises its Burlington Northern Santa Fe stake by exercising 7.8 million options to buy stock.
Should rumors and speculation about what Warren Buffett is, or might be, buying be ignored completely? The recent stock moves of supposed Buffett "targets" suggests the speculation could actually be a sell signal.
Warren Buffett's Berkshire Hathaway holding company has cuts its controversial stake in PetroChina to just under 8%. His motives for selling remain a matter of speculation between making money and making a statement.
Investment bank Bear Stearns is not holding talks about selling a stake to Warren Buffett or any other investors, contrary to news reports from Wednesday, CNBC's David Faber reported.
Legendary investor Warren Buffett may be considering buying a minority stake in the nation's fifth-largest investment bank, according to a newspaper report.
Lots of skepticism after today's New York Times report that Warren Buffett is among several investors talking with Bear Stearns about possibly taking a minority stake in the brokerage.
Omaha Police Department Public Information Office tells me today that there is a "possible suspect" in the attempted break-in at Warren Buffett's home earlier this month. The OPD says that as part of their ongoing investigation, "detectives obtained a surveillance photograph from a store" of the possible suspect.
Bear Stearns shares soared on Wednesday on a report that several investors, including Warren Buffett, may buy part of the Wall Street investment bank.
Just minutes ago, the New York Times reported on its web site that Warren Buffett, and several other outside investors, are in "serious talks" with Bear Stearns about buying a minority stake of as much as 20% of the troubled Wall Street firm. Our own Charlie Gasparino speaking on CNBC TV, however, says he doesn' know anything for sure, but he doubts that Buffett would want to buy a stake in Bear Stearns.
Warren Buffett's Burlington Northern increased its stake in freight railroad Burlington Northern Santa Fe again .. but not by much. That is, if you consider a half-million dollars to be not that much, and when you're talking about Warren Buffett, I suppose it really isn't.
The annual Forbes 400 ranking of the richest Americans is out, and Warren Buffett is keeping his number two slot with an estimated net worth of $52 billion, $7 billion behind Microsoft's Bill Gates with $59 billion.
Microsoft founder Bill Gates is the richest person in America for the 14th year in a row, followed by investor Warren Buffett, according to Forbes magazine's latest list of the wealthiest Americans.