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Warren Buffett's new bond insurer, Berkshire Hathaway Assurance Corp., is now licensed by 44 states and the District of Columbia. In a statement today, the National Association of Insurance Commissioners takes credit for "providing a streamlined, uniform application process ... (to) facilitate the speedy entrance of a well-capitalized company into the bond insurance marketplace."
California's Treasurer isn't welcoming Warren Buffett's move into the bond insurance business. He's even talking about getting the state into the business itself to compete with Berkshire Hathaway's conservative, and pricey, view of risk in the muni bond market.
The primary beneficiary of Warren Buffett's plan to give away almost all of the money that's made him the wealthiest person in the world will sell most of the Berkshire Hathaway shares it's already received from Buffett. In a filing with the SEC, the Bill & Melinda Gates Foundation Trust reveals it has adopted a written sales plan to sell 550,000 of the 975,000 Berkshire Hathaway Class B shares it now owns.
Just a few weeks after his star turn as 'Guest Host' with 'vixen' Becky Quick on CNBC's long-time daily staple Squawk Box, Warren Buffett returns to daytime television with a cameo appearance on another venerable soap opera, ABC's All My Children.
Warren Buffett's performance vs. pay ratio, already enormous by Corporate America's standards, got even more impressive in 2007. In a SEC filing ahead of Berkshire Hathaway's annual meeting in early May, the company lists an annual salary of $100,000 for its Chairman and CEO.
One of the Berkshire Hathaway executives who is widely seen as a top candidate to eventually take over Warren Buffett's CEO duties, says we shouldn't read anything special into his decision to step down as chief executive at MidAmerican Energy Holdings. David Sokol tells the Omaha World-Herald it was simply time for veteran President Gregory Abel to step up at Berkshire's energy subsidiary. Some Buffett-watchers say they think it increases the odds Sokol is on Berkshire's short list to be the next CEO.
David Sokol, the CEO of Berkshire Hathaway's utility subsidiary MidAmerican Energy Holdings, will give up that post at the company's board meeting next month, but will remain chairman. Sokol, who is 51 years old, has been "mentioned" as a candidate to become CEO of Berkshire Hathaway when Buffett, now 77, gives up the job, according to an AP story on CNBC.com today.
Seven years after Warren Buffett's Berkshire Hathaway invested $300 million in White Mountains Insurance Group, it is selling its 16.3 percent stake in a $836 million deal.
Warren Buffett's big multi-billion dollar bet that stocks won't end up lower years from now gets some attention and analysis in this weekend's Barron's. Essentially, Berkshire is using long-term options contracts as a way of selling 'catastrophe' insurance. In this case, however, the potential catastrophe isn't a hurricane or a flood, it's the possibility that stocks will wind up lower after 15 or 20 years.
Download a Warren Buffett Watch "Collector's Edition" transcript of Buffett's unprecedented live appearances throughout the three hours of CNBC's Squawk Box last Monday. For the first time ever, Buffett answered questions submitted by email from around the world.
Forbes just released its annual list of the world's wealthiest individuals, with Warren Buffett climbing to the number one spot. Here is the list of largest companies by Market Cap on the S&P 500.
Warren Buffett is now the world's richest person, topping the just-released Forbes 2008 ranking of global billionaires, with an estimated wealth of $62 billion. He bumps Microsoft's Bill Gates from the number one spot, a position Gates held for 13 consecutive years. Mexico's Carlos Slim is number two.
Warren Buffett tells CNBC's Becky Quick, with his familiar laugh, that he was able to replace Microsoft's Bill Gates as the world's richest person because he "spends less." In a brief off-camera telephone chat about Forbes' new list of global billionaires, with Buffett and his estimated $62 billion in the top position, the Berkshire Hathaway chairman joked that "it's a tribute to thriftiness."
Tomorrow (Wednesday, March 5) at 6pm ET, Forbes officially releases its annual list of the world's billionaires .. ranked primarily, of course, by net worth. Warren Buffett was number two on the 2007 list. He has some serious competition this time around.
This is the ELEVENTH and final part of a transcript of Warren Buffett's series of live appearances this morning (Monday, March 3) on CNBC's Squawk Box.
This is the TENTH part of a transcript of Warren Buffett's series of live appearances this morning (Monday, March 3) on CNBC's Squawk Box.
This is the NINTH part of a transcript of Warren Buffett's series of live appearances this morning (Monday, March 3) on CNBC's Squawk Box.
This is the EIGHTH part of a transcript of Warren Buffett's series of live appearances this morning (Monday, March 3) on CNBC's Squawk Box.
This is the SEVENTH part of a transcript of Warren Buffett's series of live appearances this morning (Monday, March 3) on CNBC's Squawk Box.
This is the SIXTH part of a transcript of Warren Buffett's series of live appearances this morning (Monday, March 3) on CNBC's Squawk Box.