See what's happening, who's talking and what will be making headlines on Tuesday's Squawk on the Street.
See what's happening, who's talking and what will be making headlines on Wednesday's Squawk on the Street.
Warren E. Buffett has a favorite saying: “Lose money for my firm, and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless.” But as speculation of insider trading swirls around Mr. Buffett’s onetime heir apparent, David L. Sokol, it has to be asked: Why hasn’t Mr. Buffett been ruthless?, reports the New York Times.
A lot of people have wondered about the haste with which The World's Greatest Investor, Warren Buffett, decided to buy $5 billion of preferred equity and warrants from Bank of America. To hear the Oracle tell it, the idea came to him in the bathtub. Not too long later he was dictating terms to the bank.
Warren Buffett tells CNBC that when it comes to possible acquisitions, there aren't many "elephants" out there and not all of them want to be in the Berkshire Hathaway "zoo." Appearing live from Omaha on CNBC's Squawk Box this morning, Buffett tells Becky Quick he doesn't have any "high probability" deals in the works now. While he's not necessarily scared away by higher stock prices, they do make it harder to find a deal now than two years ago.