Warren Buffett's companies have cut their holding in German reinsurer Munich Re to 9.7 percent from around 12 percent, Munich Re said Tuesday.» Read More
Barack Obama calls on Warren Buffett, among others, as he turns his attention to the troubled U.S. economy now that he's returned from his international tour that featured a well-attended speech in Berlin.
One of the lessons Darst shared with Cramer and is now sharing with his readers is you can’t do it alone – you need Uncle Frank. Darst writes, “Uncle Frank is the single most valuable resource you will have as you set up your asset allocation plan and begin the journey to make your dreams come true.”
Texas extended its already formidable national lead in wind power by clearing the way Thursday for a major expansion of the state's electrical power transmission network, valued at nearly $5 billion, a move that will triple its current wind power capacity.
Warren Buffett's Berkshire Hathaway will get almost $2.5 billion in cash as part of InBev's now friendly $50 billion deal to acquire Anheuser-Busch.
I got an email from Suzy Welch who is spending the summer writing her upcoming book, “10-10-10: Transform Your Life with Clear, Considered, Stress-Free Choices”. The book is being published by Scribner (an imprint of Simon & Schuster) and will be ready next spring.
Warren Buffett may be playing a role in turning what had been a bitter and nasty takeover battle for control of St. Louis-based Anheuser-Busch spacer into a friendly deal, according to this morning's New York Times. Here's what he's been saying to CNBC about the situation.
The Oracle of Omaha is a regular institution at the Allen + Co conference, and always a hot commodity among the media and tech CEOs here. Buffett makes a point to say how much he loves the gathering, especially all the free hamburgers!
Warren Buffett's Berkshire Hathaway is helping to finance Dow's just-announced deal to buy specialty chemical maker Rohm and Haas for over $15 billion in cash. Berkshire is contributing an equity investment in the form of $3 billion worth of convertible preferred securities. The Kuwait Investment Authority is also making a $1 billion investment.
Warren Buffett's reputation as a technophobe may be cracking. Today he told CNBC he'll "probably" get an Amazon Kindle as he "edges" into the 21st century. See the video clip and read the transcript of Julia Boorstin's Sun Valley conversation with Buffett about technology, the economy, Berkshire's stock slide, and Barack Obama's chances in November.
Warren Buffett has completed his annual round of gifts to charity, distributing a total of 543,757 Berkshire Hathaway Class B shares worth $2.17 billion to five foundations.
Warren Buffett's annual gift to the Bill and Melinda Gates Foundation of Berkshire Hathaway stock is worth just over $1.8 billion this year, about two percent more than last year's donation.
Florida officials agreed to pay Warren Buffett's Berkshire Hathaway $224 million for a conditional pledge to buy $4 billion of state hurricane bonds during 2008, a state spokesman said on.
The state of Florida has reluctantly agreed to pay Warren Buffett's Berkshire Hathaway $224 million now, in exchange for a promise it will be able to borrow $4 billion from Berkshire later, if the state gets severely slammed by hurricanes this year.
Warren Buffett has some advice for young people, like college students, who want to remain financially independent. It's not new and its not a surprise, but it is solid counsel on avoiding a very common money pitfall, and worth repeating.
Shares of Warren Buffett's Berkshire Hathaway are down almost 20 percent from their all-time closing high of last December. Wall Street's generally accepted definition of a 'bear market' involves a 20 percent drop from a recent high. Yesterday, Berkshire shares dipped into bear territory on an intraday basis, before recovering to close at $120,100 .. a 19.5 percent drop from its all-time closing high of $149,200, set on December 10.
Paul Larson says it's time to get back into equities. The equities strategist at Morningstar says buying stocks now will set up your portfolio for a big payoff in three to five years. Larson offered CNBC his top U.S. stocks.
The big spender who won this year's "Power Lunch with Warren Buffett" charity auction with a record high bid of $2,110,100 is Zhao Danyang of the Hong-Kong based Pure Heart China Growth Investment Fund, according to a spokesperson for San Francisco's Glide Foundation. I spoke with Zhao by telephone late tonight. He told me his investment philosophy is very similar to Buffett's and he has "lots of questions" to ask him.
This year "Power Lunch with Warren Buffett" charity auction has ended on eBay with a high bid of $2,110,100. That's more than three times larger than last year's record high price of $650,100 paid by investors Mohnish Pabrai and Guy Spiers.
With just under four hours remaining, bidding has topped $300,000 in this year's "Power Lunch with Warren Buffett" charity auction. That's less than half of last year's record $650,100 high bid, but as anyone who has been on eBay knows, savvy bidders hold back until the last few minutes. The auction ends at 10p ET tonight (Friday).
If you want to know what helps make Warren Buffett the world's most popular billionaire, here's a perfect example... A spectacularly uneventful visit to a Berkshire subsidiary in a "drab industrial neighborhood."