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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: Warren Buffett

Warren Buffett stories: 74 news summaries

1 - 20 of 74 Stories | 1 2 3 4 Next >>

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Goldman Pumps $500M Into Small Businesses

Blankfein apologizes— but not for the $16B payout to employees

Nov 18, 09 9:20 AM CST
(Newser) - In a move that definitely has nothing to do with spiraling public hostility, Goldman Sachs has announced a $500 million small-business assistance program. Headed by an advisory panel that includes Warren Buffett and Lloyd Blankfein (he who works for God ), the so-called “10,000 Small Businesses” program will... More »

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Goldman Sachs • Warren Buffett • charity • bonuses • small business • Lloyd Blankfein

 Buffett: 
 'Financial 
 Panic Is 
 Behind Us' 

He sounds optimistic note at Columbia University forum

Nov 12, 09 9:14 PM CST
(Newser) - Warren Buffett says the worst is over. "The financial panic is behind us," he declared at Columbia University. The Berkshire Hathaway chief acknowledged that the US economy "still is sputtering some," but he sounded a bullish note on investment opportunities around the globe. While he gave... More »

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Warren Buffett • recession • Berkshire Hathaway • panic • financial crisis

 Berkshire May Join S&P 500 

Burlington Northern acquisition puts Buffett in index's sights

Nov 6, 09 10:34 AM CST
(Newser) - Could Warren Buffett finally be headed to the S&P 500? For years, Berkshire Hathaway’s stock—both the A shares and the so-called “Baby Berkshire” B shares—have been too expensive for the index, at $101,000 and $3,380 each, respectively. But now that Berkshire has acquired... More »

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Warren Buffett • Barron's • Berkshire Hathaway • S&P 500 • stock index

ANALYSIS

Buffett's Railroad Buy
Is a (Smart) Bet on Coal

Growth in US economy will boost electricity demand

Nov 3, 09 5:56 PM CST
(Newser) - Berkshire Hathaway’s acquisition of railroad operator Burlington North Santa Fe is really a "huge bet" by Warren Buffett on the coal industry, writes Steve Gelsi . Burlington hauls more coal than anything else, and the material accounted for a quarter of its third-quarter revenue. Buffett already is heavily invested... More »

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coal • Warren Buffett • electricity • Berkshire Hathaway • railroad • Burlington Northern Santa Fe

Buffett Bets on Recovery, Buys Burlington for $26B

Deal will be Berkshire Hathaway's largest ever

Nov 3, 09 8:41 AM CST
(Newser) - Berkshire Hathaway has agreed to buy up the 77.4% of railroad operator Burlington Northern Santa Fe it didn’t already own for $26 billion, in what would be Warren Buffett’s largest acquisition ever. “It’s an all-in wager on the economic future of the United States,”... More »

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Warren Buffett • mergers and acquisitions • acquisition • Berkshire Hathaway • railroad • Oracle of Omaha • Burlington Northern Santa Fe

For Buffett,
Best Suits Are Made in China

Obscure clothier outfits Omaha sage, Bill Gates—and Hu Jintao

Sep 24, 09 8:43 AM CDT
(Newser) - One is America's most famous capitalist, the other leads China's Communist Party. But Warren Buffett and Hu Jintao have something in common—they both get their suits from Trands, an obscure northern Chinese menswear company not open to the public. Buffett, who recently recorded a promotional video for Trands' owners,... More »

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China • fashion • Bill Gates • Warren Buffett • Hu Jintao • clothing • tailor-made suits • apparel

new release

Ralph Nader Pens Odd Utopian Novel

Super-rich save the world in 736-page 'fictional vision'

Sep 21, 09 6:52 PM CDT
(Newser) - Ralph Nader, the consumer advocate and sometime presidential candidate, has written his first novel, the New Yorker reports. Only the Super-Rich Can Save Us!, out tomorrow, is a “practical utopia” in which real-life characters undertake a fictional quest to—progressively—save the country. Over the course of its... More »

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entertainment • Arnold Schwarzenegger • Warren Buffett • fiction • literature • publishing • Grover Norquist • Barry Diller • Ralph Nader • Barnes & Noble • Warren Beatty • Ted Turner

New Recession Villain:
Warren Buffett's Cell Phone

Oracle of Omaha missed message that may have saved Lehman Brothers

Sep 18, 09 8:24 AM CDT
(Newser) - If Warren Buffett knew how to use his cell phone, the financial world might be in better shape, blogs Karen Tumulty of Time. Just before Lehman Brothers collapsed last year, a Barclays executive attempting to rescue the firm with an assist from Buffett left a message on the Oracle of... More »

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technology • cell phones • Barclays • Warren Buffett • mergers and acquisitions • recession • Lehman Brothers • financial crisis

INTERVIEW

Buffett: 'We
Are Not Out of Problems Yet'

Investor looks to
clean up on crisis, but
is moving out of stocks

Sep 8, 09 6:38 AM CDT
(Newser) - Even Warren Buffett had a bad financial crisis: The Omaha sage personally lost $25 billion in 2008, enough to put him behind Bill Gates on the worldwide rich list. But while many investors hunkered down as markets tanked, Buffett recalibrated, pouring billions into companies—Goldman Sachs, GE, BofA, Amex—that... More »

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stock market • Goldman Sachs • Warren Buffett • General Electric • American Express • investment • Berkshire Hathaway • investor

(Newser) - Lunch with Warren Buffett is a little cheaper this year. The anonymous winner of an eBay auction for a steak lunch with the Oracle of Omaha paid $1.68 million, down from last year’s record of $2.1 million. It’s still the second highest bid in the 10-year... More »

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philanthropy • San Francisco • New York City • eBay • Warren Buffett • steakhouse • homeless • billionaire • investor • charity auction

 Buffett: Economy Still 
 in 'Shambles' 

It'll take a while to 'wring out excesses'

Jun 24, 09 2:32 PM CDT
(Newser) - The US economy is still in “shambles” even though the crisis in the financial system has abated, Warren Buffett told CNBC today. “It takes a while,” the investor said. “There were a lot of excesses to be wrung out and that process is still underway.”... More »

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stock market • Warren Buffett • recession • US economy • financial crisis

(Newser) - Warren Buffett, Bill Gates, and David Rockefeller Jr recently convened a top-secret meeting of many of the world’s wealthiest people to discuss the financial crisis, according to an Irish Central report confirmed by ABC News. A total media blackout prevailed during the get-together, which took place May 5 at... More »

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philanthropy • New York City • Bill Gates • Warren Buffett • Oprah Winfrey • Michael Bloomberg • conspiracy theory • David Rockefeller • financial crisis • Ted Turner • secrets

(Newser) - President Obama wants to put the so-called dark markets under control, the New York Times reports, seeking congressional approval to regulate the byzantine world of derivatives trading—which played a large role in the current financial mess. In a letter to lawmakers, Treasury chief Timothy Geithner calls for an oversight... More »

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investing • Wall Street • Warren Buffett • derivatives market • AIG • regulation • Commodity Futures Trading Commission • Obama administration • financial crisis • credit default swap • President Obama • Timothy Geithner • Securities and Exchange Commission

(Newser) - So how do you replace an oracle? By splitting the job into pieces. Warren Buffett told a record gathering of 35,000 Berkshire Hathaway shareholders that he's got three internal candidates who could easily replace him as chief executive, the Financial Times reports. The 78-year-old also has four candidates to... More »

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Warren Buffett • Berkshire Hathaway • succession

(Newser) - Warren Buffett told Berkshire Hathaway shareholders today that the company's first-quarter earnings will fall to $1.7 billion from $1.9 billion last year, reports Bloomberg. At the annual meeting, Buffett said the recession “significantly to drastically affected” the company's bottom line. Full earnings details will be released Friday. More »

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Warren Buffett • corporate earnings • Berkshire Hathaway

(AP) - Warren Buffett said today the US government is taking the correct actions to help the economy recover. "The government is doing the right things," Buffett said before the opening of Berkshire Hathaway's annual shareholder meeting. "They're acting in a countercyclical manner." But he said he can't... More »

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Warren Buffett • shareholders • recession • US government • Berkshire Hathaway • Oracle of Omaha • Obama administration

 Financial 'Pearl Harbor' 
 Is Past, Says Buffett 

Oracle confident as he prepares to be buffeted by shareholders

May 1, 09 2:05 PM CDT
(Newser) - The Oracle of Omaha still sees tough times ahead for the US economy, but he says he thinks the worst is in the past, CNCBC reports. “We’re at a war now to some degree, but Pearl Harbor was September,” Warren Buffett says. “There was a strike... More »

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investors • Warren Buffett • shareholders • recession • Berkshire Hathaway • investment fund • Oracle of Omaha • economic downturn • economic crisis

 Moody's Downgrades Buffett 


Apr 8, 09 9:31 PM CDT
(Newser) - Warren Buffett's oracle aura took another hit today. Moody's downgraded his Berkshire Hathaway from its top Aaa rating to Aa2, citing "a severe decline in equity markets," the Wall Street Journal reports. The move follows a similar move by Fitch Ratings last month for Berkshire, whose shares are... More »

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Warren Buffett • Berkshire Hathaway • Moody's • bond ratings

(Newser) - This may not elicit much sympathy, but Forbes' annual list of billionaires has shrunk from 1,125 names to 793 this year. Bill Gates lost $18 billion but managed to regain the top spot from Warren Buffett, who lost $25 billion. Here's the top 10:
  • Gates, $40 billion
  • Buffett,
... More »

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Bill Gates • Warren Buffett • Larry Ellison • Carlos Slim • billionaire • Forbes

 Economy Has 'Fallen 
 Off a Cliff': Buffett 

Billionaire investor sees recovery on far horizon, warns of inflation

Mar 9, 09 8:25 AM CDT
(Newser) - Warren Buffett said today the US economy has “fallen off a cliff,” but guaranteed that 5 years from now “the machine will be running fine.” On CNBC, Buffett encouraged banks to “get back to banking,” saying they will have to earn their way out... More »

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inflation • Warren Buffett • Berkshire Hathaway • Oracle of Omaha • economy • financial crisis

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