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Warren Buffett tells reporters in Switzerland he can "guarantee" he won't buy a European company by the end of his tour this week. It's another indication his visit is designed to lay the groundwork for potential deals in the future, rather than actually pick up a company on the spot.
The Oracle of Omaha is looking for European businesses with pre-tax profits of at least $75 million, but he says the bigger the better. The tour began in Frankfurt, continues in Lausanne, Switzerland Tuesday and rolls on to Madrid and Milan later in the week.
Short seller Doug Kass tells CNBC's Larry Kudlow he thinks Warren Buffett has lost his way, and Kass is betting on Berkshire Hathaway's stock to fall. In an appearance tonight (Monday) on Kudlow and Company, Kass, who is President of Seabreeze Partners Management, explains why he's taken a short position in Berkshire.
CNBC.com and CNBC are planning live coverage of tomorrow's scheduled news conference by Warren Buffett in Switzerland, the second stop of his European shopping tour. It's set to begin tomorrow (Tuesday) morning at 8:45a ET. CNBC.com will provide a live video stream of the entire event. CNBC's Squawk Box also plans extensive live coverage.
Warren Buffett held a news conference this morning in Frankfurt as he began his four-day European tour to increase Berkshire's profile among family-owned businesses that may be looking for a buyer. This post includes a video clip of the first quarter-hour of Buffett's news conference.
The fallout from the global credit crisis is not over yet, billionaire investor Warren Buffett said Monday.
Warren Buffett has held a news conference after arriving in Frankfurt for the first stop of his European tour designed to get on the "radar screen" of family-owned businesses that may want to become part of the Berkshire Hathaway family. In that session with reports this morning, Buffett repeated his intention to look for a company in a business he understands, with a durable competitive advantage and solid management.
Fast Money takes Chicago just as commodities have a breakout week with oil hitting a new high and raw materials making a resurgence. Find out how to trade it all here.
Warren Buffett's Berkshire Hathaway won't be bidding for the insurance unit of the Royal Bank of Scotland Group, according to a report late today from Dow Jones Newswires.
What's Buffett buying? The answer appears to be 'not much' in the first quarter of this year, although his stakes in two healthcare companies and Kraft Foods did increase somewhat. Berkshire Hathaway's just-released disclosure of its U.S. stock portfolio holdings as of March 31 does not include any new names.
You should, too. Cramer offers his top picks for the sector.
Warren Buffett's Berkshire Hathaway will soon reveal its portfolio holdings as of the end of the first quarter. I expect the SEC filing after the stock market's closing bell either today (Wednesday) or tomorrow (Thursday). UPDATE: Didn't happen Wednesday, so I'll be watching especially closely today.
Warren Buffett's new bond insurer has seen its business "skyrocket" since opening for business just five months ago. In a big-picture piece summarizing first quarter results, Dow Jones Newswires compares the early numbers from Berkshire Hathaway Assurance Corp. to the established, and struggling, bond insurers.
The top executive at a Berkshire Hathaway real estate company tells CNBC, "We are seeing some light at the end of the tunnel" for the nation's housing market. See the video clips of his Squawk Box appearances as Guest Co-Host this morning.
Warren Buffett's big guest role on the ABC soap opera All My Children airs tomorrow (Friday, March 8.) CNBC's Becky Quick was at the studio on the day Buffett taped his appearance. Here's her behind-the-scenes report from this morning's Squawk Box on the longtime friendship that helped put Buffett on the small screen.
When Apple's Steve Job's picked Israeli Yael Naim's "New Soul" for the Mac Air commercial, it wasn't the first time Silicon Valley connected with Israel. In fact, Israel has more companies traded on the tech heavy Nasdaq than any other country outside the United States. As Israel celebrates its 60th anniversary of statehood, here are some more facts and figures on the Israeli economy and markets...
The once-great stock picker is no Warren Buffett, Cramer says.
Wish you bought into Warren Buffett's Berkshire Hathaway before it was $130,000 per share? James Altucher, managing director at Formula Capital, told CNBC about three stocks that just may be "the next Berkshires." If he's right, investors will want to buy'em while they're low.
Burned out on Buffettstock? If you are, I'd like to think we're the ones who did it. Our coverage was wall-to-wall.
Here is a (somewhat rough) transcript of Warren Buffett's live interview with Becky Quick on Squawk Box this morning, following this weekend's Berkshire Hathaway Annual Shareholders Meeting.