For Warren Buffett, it's a matter of simple fairness: "If the restaurant only gets paid for an 8-ounce steak, they don't want to give you the 12-ounce one." It's a concept at the core of his argument against allowing the government to require collateral on existing derivatives contracts.
Nebraska's Democratic Senator Ben Nelson is quoted by Bloomberg as saying he and his wife's long-held stake of up to $6 million in Berkshire Hathaway, does not create a conflict of interest for him on the financial regulatory bill currently at the center of a Capitol Hill fight.
Senate Democrats have killed a provision of their proposed derivatives bill that would have exempted existing contracts from collateral requirements. Warren Buffett's Berkshire Hathaway has been lobbying in favor of the exemption.
We're not hearing it directly from Warren Buffett's lips, but it's pretty close. He's not worried about Berkshire Hathaway's $5 billion investment in Goldman Sachs. And it sounds like he has doubts about the government's recently revealed fraud case against Goldman.
The widow of producer Aaron Spelling, has been trying to sell The Manor for a year. She's asking $150 million, which makes it the most expensive home on the market in the world. Mrs. Spelling figures CNBC's global audience might include potential buyers.
Goldman Sachs this last Friday was shocked to find themselves at the end of litigation from the SEC that they had misled investors about complex securities sold to investors.
Government investigators believe a Goldman Sachs director improperly told Galleon Group hedge fund founder Raj Rajaratnam that Warren Buffett's Berkshire Hathaway would be making a $5 billion investment in Goldman in September of 2008, according to a report this morning in the Wall Street Journal.
Warren Buffett can't be happy today that the SEC is charging Goldman Sachs with fraud.
Before Berkshire Hathaway split its Class B shares earlier this year, paving the way for their addition to the benchmark S&P 500 stock index, there weren't a lot of Wall Street analysts following the stock. Both the Class A and Class B shares were too expensive,on a per share basis, for most investors.
Warren Buffett's Berkshire Hathaway has emerged from the global financial crisis as the nation's most admired company, thanks to Buffett's "humility and sense of accountability." Reuters reports this afternoon (Sunday) that a Harris Interactive survey of almost 30,000 people puts Berkshire at the top of the "most admired" list, beating out the rest of a field made up of the nation's 60 best-known companies.
See Warren Buffett rocking out in a music video featuring GEICO associates singing a guitar ballad about the insurer's "outstanding" customer service.
Warren Buffett and Lehman Brothers "never got close to a deal" as the firm struggled to raise capital in March of 2008, according to a just-released history of Lehman's downfall.
In its annual ranking of the world's richest people, Forbes lists the 70 year old Slim as number one with a net worth of $53.5 billion after adding $18.5 billion over the last year to his wealth.
For the first time in a decade, Warren Buffett is not one of the two richest billionaires in the world, as ranked by Forbes magazine.
The annual Forbes billionaire face-off is back. And this year the billionaires are back, too. In 2009, a financial bloodbath slashed the assets of the world's wealthiest in half. In 2010? A revival.
When Forbes releases its annual ranking of the world's richest billionaires tomorrow (Wednesday), it appears likely Warren Buffett will once again come in behind his friend and online bridge partner, Bill Gates.
The US government may be sitting on the best value portfolio around.
Markets advanced on Tuesday, continuing a strong performance to the start of March. Doug Sandler, co-founder of Riverfront Investment Group, and Mike Holland, chairman of Holland & Company, shared their market strategies.
Warren Buffett's three-hour appearance on CNBC's Squawk Box Monday morning generated headlines, with comments on state of the U.S. economy and the national debate over health care reform. Here's the complete transcript as a downloadable PDF document.
Stocks ended higher Monday, led by technology stocks after an encouraging report on chip sales. Intel and HP led the Dow. GE and JPMorgan were at the bottom of the pack.