Warren Buffett's Berkshire Hathaway has agreed to make a new $300 million investment in USG Corporation, sending shares soaring for the big Chicago-based building materials maker. But USG will be paying a high interest rate for Buffett's "expression of confidence."
Warren Buffett doesn't appear to be worried about multi-year lows in the stock market. In an interview on Fox Business Network, a smiling Buffett says "it's happened before" and it's been even worse. As for the sharp drop in Berkshire's stock price, Buffett says that's also happened in the past and he jokes that he hopes he lives long enough for it to happen to him again several times in the future.
After falling for nine straight days, shares of Warren Buffett's Berkshire Hathaway have dropped almost 50 percent from their all-time closing high set last December. Berkshire closed today at $77,500 a share, down $6,500, or 7.7 percent. It's a fresh three-year low. Buffett's reputation as the world's greatest investor means the stock's big fall is getting lots of attention as some investors ask if he's losing his touch and other's defend him.
Warren Buffett's Berkshire Hathaway fell just over 12 percent on Wall Street today (Wednesday), its biggest one-day percentage drop since 1987's 'Black Monday' over 21 years ago. It appears some of the Oracle's followers are losing the faith.
Warren Buffett drives a hard bargain. When he invests billions in a company, he can generally get a better deal than the rest of us. Now SmartMoney columnist James B. Stewart writes about "a rare opportunity to invest on terms that may be even better than Mr. Buffett got" for his $5 billion infusion into Goldman Sachs.
Warren Buffett's Berkshire Hathaway will get almost a billion dollars in cash for its Anheuser-Busch shares, now that the St. Louis brewer's acquisition by Belgium's InBev has been formally completed.
Hatched hastily almost two months ago, the TARP was conceived to stabilize markets and restore investor confidence, but critics argue it is now looking so amorphous and vulnerable to political trade winds, that it is has become almost a constant of uncertainty.
Shares of Warren Buffett's Berkshire Hathaway closed below $100,000 today (Monday) for the first time in just over two years. The most recent sub-$100K close before today was on October 20, 2006.
Warren Buffett "knows and loves" American Express and would come to its rescue if needed, suggests Barron's. But it argues American Express probably won't need to call on Buffett for help, because it has enough cash to get through the tough times ahead, even though an "overreacting" Wall Street has pushed its shares down to 1997 levels.
Warren Buffett's Berkshire Hathaway sharply increased its stake in ConocoPhillips this spring and summer, accumulating a total of 84 million shares as of the end of the third quarter on September 30, according to Berkshire's just-released quarterly portfolio filing with the SEC.
Warren Buffett's Berkshire Hathaway is expected to file its quarterly portfolio snapshot with the SEC after today's (Friday's) closing bell on Wall Street. The report of Berkshire's publicly-traded U.S. stock holdings as of September 30 could reveal whether Buffett has been buying U.S. stocks for Berkshire as enthusiastically as he has been buying for his own personal account.
Berkshire Hathaway shares traded below $100,000 for the first time in over two years today, but they did not close in five-digit territory. But Berkshire's declines are contributing to arguments that Warren Buffett has lost his magic touch.
Berkshire Hathaway shares have dropped back to five-digit territory for the first time in just over two years. The Class A shares fell as low as $99,400 each in the last few minutes this morning (Thursday.)
Shares of Warren Buffett's Berkshire Hathaway have closed at a two-year low. The Class A stock fell 3.2 percent to finish the day (Wednesday) at $103,333 each. It's the lowest closing price since October 27, 2006. CNBC's David Faber has been hearing that some investors are shorting the stock in the wake of Berkshire's earnings report.
Online bidding has just gotten underway for a 36-square-foot portrait of Warren Buffett speed-painted at this year's Berkshire Hathaway Shareholders Meeting in Omaha. The minimum starting bid for the EBay auction: $100,000.
Berkshire Hathaway's third quarter operating earnings fell 19.3 percent to $1,335 a share from $1,655 a share in the same period the year before. That's below the average forecast of $1429 from the two analysts following the stock, as tracked by Thomson One Analytics.
Warren Buffett will participate in today's high-profile meeting of President-Elect Barack Obama and his team of economic advisers, "via speakerphone."
Warren Buffett's Berkshire Hathaway is expected to report a decline in quarterly operating earnings for the third quarter, its fifth consecutive year-over-year quarterly drop. Berkshire's results will be released after tomorrow's (Friday) stock market close.
There are only a handful of billionaires around the world who are playing in Warren Buffett's league. Mexico's Carlos Slim is one of them. In a very rare on-camera interview with CNBC's Michelle Caruso-Cabrera, Slim talks about Buffett and his two recent multi-billion dollar investments in Goldman Sachs and General Electric.
Warren Buffett's Berkshire Hathaway has added 825,000 more shares to its Burlington Northern Santa Fe stake, bringing its total holdings to 64,610,418 shares. Those shares were bought two days ago, and are already worth $5 million more than the purchase price. But the longer-term picture isn't as positive.