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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: Berkshire Hathaway

Berkshire Hathaway stories: 34 news summaries

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Dow Chemical Drops $15.3B on Rohm & Haas

Deal may signal start
of consolidation in chemical industry

Jul 10, 08 8:46 AM CDT
(Newser) - In what may be the beginning of a long-anticipated consolidation of the chemical industry, Dow Chemical today said it was buying coatings and electronic-materials company Rohm & Haas in a $15.3 billion all-cash deal, reports the Wall Street Journal. Dow is backed by $3 billion from Warren Buffett's... More »

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Warren Buffett • mergers and acquisitions • Berkshire Hathaway • Dow Chemical Co. • Kuwaiti Investment Authority

Buffett Poised
to Clean Up
in Bear Market

Oracle of Omaha prepares $40B spending spree

May 2, 08 2:02 PM CDT
(Newser) - As the US teeters on the brink of recession and most investors remain sidelined by the credit crunch, Warren Buffett is poised to spend more than $40 billion to scoop up bargains. Berkshire Hathaway rose 22% over the last 12 months while other stocks sputtered, and now, Bloomberg reports, the... More »

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Warren Buffett • recession • credit crisis • bear market • Berkshire Hathaway • Oracle of Omaha

UPDATED

Mars Buys Wrigley, With Assist From Buffett

Proposed purchase could push Hershey into merger to compete

Apr 28, 08 8:05 AM CDT
(Newser) - M&Ms-maker Mars, backed by Warren Buffett, has made a deal to buy Wm. Wrigley Jr. Co. for about $23 billion, reports the New York Times. The acquisition is likely to force other candy makers like Hershey and Cadbury Schweppes into mergers to maintain market share against a powerful conglomerate... More »

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Mars • Warren Buffett • The Hershey Company • acquisition • Berkshire Hathaway • Wm. Wrigley Jr.

Buffett Covets Euro Family Businesses

Billionaire investor scouts targets for
$40B in cash

Apr 23, 08 9:44 AM CDT
(Newser) - Warren Buffett is looking to put some of Berkshire Hathaway’s $40 billion in cash to work outside the US, targeting family-owned European businesses for acquisition, reports Bloomberg. Buffett—who Forbes magazine says is the world’s richest person--is going on a scouting tour next month to four European cities. More »

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Europe • Warren Buffett • acquisition • Berkshire Hathaway • Iscar Metalworkng

 Warren Buffett: Soap Star 

Billionaire investing guru will make a cameo on "All My Children"

Mar 19, 08 8:07 PM CDT
(Newser) - Well, sure, he can make a billion at the drop of a hat. But can the man act? We'll see. Warren Buffett, he who sits atop the list of wealthiest people, with $62 billion, will make a cameo on the soap "All My Children" during May sweeps week, Reuters... More »

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Warren Buffett • ABC • soap operas • Berkshire Hathaway • All My Children • Agnes Nixon • Susan Lucci • guest appearance • cameo

Buffet Unseats Gates as Richest Man on Earth

He's worth $62B; Gates is now third with $58B.

Mar 5, 08 7:44 PM CST
(Newser) - Bill Gates has passed the gilded torch: Warren Buffett and Mexican telecom mogul Carlos Slim have ended the Microsoft founder's 13-year reign as richest man on earth, Forbes reports. Buffett's fortune grew $10 billion this year to $62 billion, while Slim weighs in with an estimated $60 billion. Gates trails... More »

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Microsoft • Bill Gates • wealth • Warren Buffett • Fortune 500 • Carlos Slim • billionaire • Berkshire Hathaway • wealthy men

US in Recession Now: Buffett

Billionaire says crisis is already here

Mar 4, 08 3:28 AM CST
(Newser) - The US is already in a recession for all practical purposes, even if economic conditions haven't yet met the technical definition of at least two consecutive quarters of negative growth. That's the verdict of billionaire investor Warren Buffett, who tells CNBC that a serious economic slowdown is obvious in reports... More »

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Warren Buffett • recession • trade deficit • GDP • credit crisis • Berkshire Hathaway • Department of Commerce • annual letter • National Association for Business Economics • GEICO • General Re • insurance industry • profit margins

Berkshire Hathaway's Q4 Income Off 18%

Insurance-industry woes mean 'that party is over,' Buffett says

Feb 29, 08 6:30 PM CST
(Newser) - Citing a decline in gains from insurance underwriting and sluggish investment returns, holding company Berkshire Hathaway said today that fourth-quarter income was off 18%—to $2.95 billion, from $3.58 billion—from a year earlier, the Wall Street Journal reports. Billionaire chairman Warren Buffett snuck in digs at Wall... More »

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insurance companies • New York City • Maryland • Warren Buffett • Omaha • AIG • MBIA • Berkshire Hathaway • Oracle of Omaha • Ambac • General Reinsurance • FGIC

Jury Convicts Ex-Insurance Execs in Fraud

Five General Re and AIG officials face
jail over scheme to deceive investors

Feb 26, 08 9:48 AM CST
(Newser) - A federal jury yesterday convicted five former insurance executives of fraud, conspiracy, and making false statements to the Securities and Exchange Commission as part of a scheme to deceive investors, Bloomberg reports. The convictions stem from a sham transaction in 2000 between General Reinsurance Corp. and American International Group that... More »

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fraud • Warren Buffett • SEC • AIG • Hank Greenberg • Berkshire Hathaway • General Re Corp • General Reinsurance • American International Group

Buffett Offers to Save Municipal Lenders

Stocks rally, but companies may rebuff opportunistic Hathaway

Feb 12, 08 2:39 PM CST
(Newser) - Warren Buffett rode to the rescue today, though the color of his horse is in question. The Sage of Omaha offered to reinsure $800 billion worth of municipal bonds, resolving “in one stroke of a pen” the jitters plaguing the municipal debt market. But his plan is also a... More »

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Warren Buffett • credit market • MBIA • Berkshire Hathaway • municipal bonds • Ambac Financial • Triple-A credit rating

Fraud Trial
May Put Buffett
on Stand

Defense says billionaire knew about phony insurance deal

Jan 2, 08 1:24 PM CST
(Newser) - A criminal trial involving four ex-employees of billionaire Warren Buffett is likely to offer a rare—and unwelcome—glimpse into the inner workings of the “Oracle of Omaha,” the Wall Street Journal reports. Buffett isn’t charged in the case—to begin Monday—involving Berkshire Hathaway reinsurance unit... More »

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fraud • Warren Buffett • AIG • Berkshire Hathaway • General Re Corp • Oracle of Omaha

Buffett to Buy Huge Industrial Firm Marmon

Billionaire investor strikes $4.5B deal
with Pritzker family

Dec 25, 07 5:47 PM CST
(Newser) - Warren Buffett will pay $4.5 billion to acquire a majority stake in Marmon Holdings, an industrial conglomerate owned by one of America's richest familes, the Wall Street Journal reports. Buffett's Berkshire Hathaway will buy 60% of the company now from the Pritzker family of Chicago, with plans to acquire... More »

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Chicago • Warren Buffett • Berkshire Hathaway • Pritzker • Marmon Holdings, Inc.

Stocks Rise on Buffett Rumor

Berkshire CEO may buy 20% of Bear Stearns

Sep 26, 07 3:46 PM CDT
(Newser) - The Dow climbed 99.5 points today on the strength of the GM settlement and speculation that billionaire Warren Buffett might buy 20% of beleaguered Bear Stearns. The brokerage helped spur the biggest gain in a week, jumping 7.7% after the Buffett story circulated. Said a trader, “You... More »

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United Auto Workers • Federal Reserve • Dow Jones • General Motors • Warren Buffett • Bear Stearns • Merrill Lynch • Nasdaq • Berkshire Hathaway • S&P 500

Buffett Turns Wall Street's Frown
Upside Down

Star investor hunts
for lucrative bargains

Aug 21, 07 3:43 PM CDT
(Newser) - Wall Street may be seeing red after weeks of volatility and losses, but Warren Buffett is seeing green as he goes bargain-hunting for the same kind of junk bonds and stocks that have netted him nearly $50 billion, the Journal reports. Downtrodden deal-makers are hoping the star investor will use... More »

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private equity • Wall Street • Warren Buffett • subprime mortgages • Countrywide • Berkshire Hathaway • junk bonds

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