Warren Buffett Watch Warren Buffett

More

  • July 1- Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to increase its ownership stake in Wells Fargo& Co, after reaching the 10 percent level that could prompt increased regulatory scrutiny. "Berkshire is seeking permission to retain its current ownership position in Wells Fargo and to acquire additional shares of...

  • A customer at a Wells Fargo branch in New York.

    Berkshire Hathaway has applied to the Federal Reserve to keep and perhaps expand its Wells Fargo holding beyond 10 percent.

  • July 1- Warren Buffett's Berkshire Hathaway Inc has applied to increase its ownership stake in Wells Fargo& Co past the 10 percent level that could prompt increased regulatory scrutiny, the Federal Reserve said on its website on Friday. Wells Fargo is based in San Francisco, and is the third-largest U.S. bank by assets. Berkshire wants to add to its stake for...

  • Berkshire & Buffett's stakes topped 10 pct after WFC buyback

    CNBC's Sue Herera reports the latest on Berkshire Hathaway and Warren Buffett's application to the Fed for upping their holdings in Wells Fargo.

  • July 1- Warren Buffett's Berkshire Hathaway Inc has applied to increase its ownership stake in Wells Fargo& Co above 10 percent, the Federal Reserve said on its website on Friday. As of March 31, Berkshire was Wells Fargo's largest investor, with a 9.45 percent stake, Reuters data show. Wells Fargo is based in San Francisco, and is the third-largest U.S. bank by assets.

  • Berkshire applies to raise WFC stake above 10 pct

    CNBC's Sue Herera reports that Berkshire Hathaway has applied to the Fed to expand their holdings in Wells Fargo above the 10-percent threshold.

  • Commissioner Dave Jones on Wednesday issued a "cease and desist order" preventing Berkshire's Applied Underwriters Inc and California Insurance Co units from selling or renewing the policies in question in California. The case arose from the sale of a policy known as EquityComp to Shasta Linen Supply Inc of Sacramento, which Jones said subjected the...

  • Commissioner Dave Jones on Wednesday issued a "cease and desist order" preventing Berkshire's Applied Underwriters Inc and California Insurance Co units from selling or renewing the policies in question in California. Wednesday's order extends that ruling to all similar policies that the Berkshire insurers sell in California. The case arose from the sale...

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will look for more opportunities in the United Kingdom and Europe in the volatile wake of Britain's referendum vote to leave the European Union, the company's billionaire co-founder and chairman said at a Reuters Newsmaker event on Tuesday. Guo Guangchang, a self-styled student of U.S....

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will look for more opportunities in the United Kingdom and Europe in the wake of Britain's referendum vote to leave the European Union, the company's billionaire co-founder and chairman said during a Reuters Newsmaker event on Tuesday. So we are increasingly looking for development...

  • BEIJING, June 28- Fosun Group, China's biggest private conglomerate, will list U.S. property and casualty insurer Ironshore Inc "as soon as possible" this year, Guo Guangchang, the company's billionaire co-founder and chairman told Reuters ahead of a Reuters Newsmaker event in Beijing on Tuesday. He also said Fosun's interest in investing in the UK and Europe has...

  • District Judge Edmond Chang said traders may pursue claims that a large and, in their view, unnecessary late 2011 purchase by Kraft Foods Inc of wheat futures contracts violated the Sherman antitrust law and the Commodity Exchange Act. Kraft and Mondelez were named as defendants because most of the alleged suspicious activity occurred before Kraft Foods Inc...

  • June 27- A federal judge in Chicago on Monday refused to dismiss a lawsuit in which wheat futures and options traders accused Kraft Heinz Co and Mondelez International Inc of illegally manipulating the grain's price at their expense. District Judge Edmond Chang said traders may pursue claims that a large and, in their view, unnecessary late 2011 purchase by...

  • Reed Hastings, CEO of Netflix.

    Major business leaders knocked Donald Trump as part of a statement released by Hillary Clinton's campaign on Thursday.

  • Commissioner Dave Jones faulted Berkshire's Applied Underwriters Inc and California Insurance Co units over the sale to Shasta Linen Supply Inc of a nontraditional workers' compensation policy whose terms and rates had not been reviewed by state officials. Jones said the policy sold by Applied essentially replaced a policy sold by California Insurance,...

  • Apple logo at the Apple Worldwide Developers Conference

    Apple shares could fall as they are set to be reclassified in the annual reconstitution of the widely followed Russell indexes.

  • NEW YORK, June 20- After dropping more than $200 billion in market capitalization in one year, Apple shares could fall further as they are set to lose their weighting and be reclassified in the annual reconstitution of the widely followed Russell indexes. When all is said and done, about $1.3 billion more will be sold in Apple Inc shares at the market close on Friday,...

  • A refinery owned by Phillips 66 in Ponca City, Okla.

    Morgan Stanley just downgraded Phillips 66 to equal weight from overweight.

  • Greed fear

    Volatility surged this week over a potential Brexit, but according to one trader, investors would be wise to buy stocks in this type of environment.

  • June 14- Warren Buffett on Tuesday said the anonymous bidder who agreed last week at an annual charity auction to pay $3,456,789 to have lunch with him, matching the previous record high, is a woman. The winner and up to seven friends can dine with Buffett at the Smith& Wollensky steakhouse in midtown Manhattan. In 2009, Courtenay Wolfe of Canada's Salida Capital...