Berkshire Hathaway

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Have a Cherry Coke, Get a Warren Buffett Smile

Billionaire's face is being used on Cherry Coke cans in China

(Newser) - Amazon's Jeff Bezos may have knocked Warren Buffett into third place on the world's richest people list, but only one of them has been deemed worthy of gracing Cherry Coke cans in China—and it's not Bezos. For a limited time, Coca-Cola is splashing Buffett's mug... More »

Buffett Has Bought $12B in Stocks Since Trump Win

He's now world's 2nd-richest man

(Newser) - Warren Buffett didn't want Donald Trump to be president—but the Berkshire Hathaway chief didn't get rich by ignoring investment opportunities. In a recent interview with Charlie Rose , the billionaire revealed that his company has invested more than $12 billion in stocks since Trump won the election, more... More »

2 Big Names Join Forces in Bid to Buy Yahoo

Quicken Loans founder/Cleveland Cavaliers owner Dan Gilbert and Warren Buffett

(Newser) - The second round of bidding for Yahoo is underway, and a couple of bidders are getting an outsize amount of attention: what the New York Times terms the "unusual" pairing of Quicken Loans founder/Cleveland Cavaliers owner Dan Gilbert and Warren Buffett. (Though maybe not so unusual: CNBC reports the... More »

Fatal Crashes Are Surging; Buffett Says He Knows Why

It's not just about more cars on the road, he insists

(Newser) - If automobiles are constantly improving, why are traffic deaths going up? Warren Buffett thinks he knows. Fatal accidents surged 14% in the first half of the year, and one of the consequences of that is that Geico lost money and is now raising insurance premiums. Buffett's Berkshire Hathaway owns... More »

Investigation: Warren Buffett Firm Preys on Poor People

His mobile-home company traps buyers in pricey loans, says Seattle Times piece

(Newser) - Warren Buffett's image as an avuncular business genius who has all-American interests at heart might take a hit after a scathing investigation by the Seattle Times and the Center for Public Integrity . It alleges that Clayton Homes, a giant in the mobile-home industry owned by Buffett's Berkshire Hathaway,... More »

Heinz, Kraft to Become Food Giant

Merger will make them continent's No. 3 food and beverage company

(Newser) - News that might interest those whose favorite pantry staples are ketchup and mac and cheese: Kraft Foods Group Inc. and H.J. Heinz Co. have announced they will merge in a deal that will create the Kraft Heinz Co.—the third largest food and beverage company on the continent... More »

Is Buffett's Firm Dropping Hints About a Successor?

Annual online letter mentions 2 names

(Newser) - Warren Buffett released his annual letter to shareholders today, and the much-anticipated report has the usual good things to say about the future of his Berkshire Hathaway. But given that Buffett is 84 and has been in charge for 50 years now, business types are anxious to hear about a... More »

Buffett Breaks His Own Donation Record

He slips down rich list with $2.8B giveaway

(Newser) - Warren Buffett has beaten a personal record—and slipped down a place to fourth on the Forbes list of the world's richest people—with a gift of shares worth $2.8 billion to the Bill and Melinda Gates Foundation and several other charities, topping his record $2.6 billion... More »

Warren Buffett Made $10B Saving the Big Banks

Berkshire has made almost 40% on financial crisis buys

(Newser) - In the midst of the financial crisis, pretty much nobody wanted to buy into the big banks—except Warren Buffett. The Berkshire Hathaway maestro bought in big to flailing giants like Goldman Sachs and General Electric. The Wall Street Journal checked in on those investments, and found that so far... More »

Meet Warren Buffett's Righthand Woman, Age 28

Tracy Britt is already one of the most influential woman at Berkshire Hathaway

(Newser) - Prepare to feel inadequate. Tracy Britt is 28 years old. She grew up on a farm in Kansas. And she's one of Warren Buffett's top lieutenants. Four years after she was hired fresh out of Harvard Business School to be Buffett's financial assistant, she is now the... More »

Buffett Gets 100K Twitter Followers in 2 Hours

Oracle of Omaha joins the club

(Newser) - Warren Buffett has made the day's biggest splash on Twitter with his first-ever tweet at 12:20 declaring that "Warren is in the house," reports TheStreet . Two hours later, he had more than 100,000 followers, with the number growing quickly. It's quite a jump for... More »

Buffett Drops Out of Forbes Top 3 Billionaires

Carlos Slim still richest guy in the world

(Newser) - Forbes' annual list of billionaires is out—and for the first time since 2000, Warren Buffett didn't make the top three. The list has again expanded; now it contains 1,426 names who boast a total net worth of $5.4 trillion, compared to $4.6 trillion last year.... More »

Buffett and Co. to Buy Heinz

In largest deal in food industry history

(Newser) - An investment group including Warren Buffett has agreed to buy HJ Heinz Co., in what the company says will be the largest deal in food industry history. Shareholders will get $72.50 in cash for each common share, a 20% premium on yesterday's closing price, meaning the deal values... More »

Lunch With Warren Buffett Goes for $3.5M

Charity auction sets record for meal with Berkshire Hathaway chairman

(Newser) - If this is how much lunch costs, one shudders to think of dinner. A private lunch with investor Warren Buffett was sold for $3.5 million yesterday, at a charity auction to help the homeless in San Francisco, reports the AP . While the Glide Foundation has raised $11.5 million... More »

Berkshire Picks Successor for Warren Buffett

But CEO doesn't plan to step down anytime soon

(Newser) - The big news out of Warren Buffett's annual letter to Berkshire Hathaway shareholders is that he's finally picked a successor, reports the Wall Street Journal . He's just not saying who it is. Buffett, 81, also wrote that he is in "excellent health" and "isn't... More »

Buffett on Stocks: I'm Buying

The lower prices go, the more aggressive he gets

(Newser) - Amid economic uncertainty, how’s Warren Bufftet holding up? “Never been better,” he tells CNNMoney . “The lower things go, the more I buy. We are in the business of buying.” Meanwhile, he says he still sees US treasuries as triple-A, “in that there is no... More »

Buffett: Sokol's Stock Purchases 'Inexcusable'

But he takes some responsibility for Berkshire Hathaway controversy

(Newser) - In his first public comments since announcing David Sokol’s resignation one month ago, Warren Buffett called the actions of his one-time heir apparent “inexplicable and inexcusable.” At yesterday’s shareholders meeting, Buffett also took some responsibility for the controversy surrounding Berkshire Hathaway’s acquisition of Lubrizol Corp.... More »

Board: Ex-Buffett Lieutenant Broke Law, Duped Boss

Berkshire board issues scathing report on Sokol dealings

(Newser) - Warren Buffett's former heir apparent David Sokol misled his boss and violated insider-trading rules when he bought shares in Lubrizol and then recommended Berkshire Hathaway buy it , Berkshire's board has concluded. A scathing report from the board portrays Buffett as a victim of Sokol's deception and says... More »

In Buffett Heir Apparent's Past: More Shadiness

Critics come out of the woodwork for ousted Berkshire exec

(Newser) - David Sokol’s sudden resignation —and the scandal that accompanied it—shocked the business world last week, but this isn’t the first time Warren Buffett’s ex-heir apparent's ethics have been questioned. Just last year, a judge rebuked Sokol for accounting irregularities at MidAmerican Energy, the company he... More »

Ex-Buffett Lieutenant: I Did Nothing Wrong

But in hindsight, David Sokol says, he shouldn't have mentioned company

(Newser) - David Sokol gave a lengthy, defiant interview on CNBC this morning, in which he breezily insisted that he’d done absolutely nothing wrong or unethical by buying 96,000 shares of Lubrizol , and then recommending boss Warren Buffett buy the company. Some had urged Sokol to get a securities lawyer... More »

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