Berkshire Hathaway

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Buffett Lobbies Dems to Soften Derivatives Rule

And he may succeed in getting current contracts exempted

(Newser) - Warren Buffett, the guy who once called derivatives “financial weapons of mass destruction,” is now lobbying Democrats to soften their restrictions on derivatives in the upcoming financial reform bill. It seems they would, as presently written, hurt his bottom line. Berkshire Hathaway has $63 billion in derivatives, the...

Buffett Bets on Baby Boomers Drinking Wine

Berkshire subsidiary pays top dollar for distributor

(Newser) - Warren Buffett, who watchers had expected to buy a beer distributor, made a recent bet on wine instead, reports Business Insider, in a move that reflects the drinking habits of aging baby boomers. A subsidiary of Buffett’s Berkshire Hathaway has a deal in place to buy Empire Distributing, a...

Most Respected Companies

Apple heads the list, and Citigroup is dead last

(Newser) - Barron's has released its annual list on an admittedly squishy subject—how the world's largest 100 companies rank in terms of "respect." Two American firms showed up in the bottom 10: Bank of America at 93 and Citigroup dead last at 100. Here are the top 10...

Investors Scramble for Stock in Buffett

Frenzy builds as Berkshire Hathaway joins S&P 500 today

(Newser) - Warren Buffett’s renowned Berkshire Hathaway joins the S&P 500 today, and just about everyone wants a piece of it. Millions of ordinary Americans who in the past couldn’t afford the company’s high-priced shares will now be able to get on board, either through an index fund,...

Stock Split Means You Can Afford Buffett Shares
Stock Split Means You Can Afford Buffett Shares
66 bucks
Jan 20, 2010 2:31 PM CST

Stock Split Means You Can Afford Buffett Shares

Shareholders approve price cut; shares now $66

(Newser) - Berkshire Hathaway shareholders approved a 50-for-1 stock split today, making shares of Warren Buffett's company affordable for a wider range of investors. The price of Class B shares will drop from $3,300 to $66. Class A shares, which confer stronger voting power, remain a princely $101,700.

Buffett: 'Financial Panic Is Behind Us'

He sounds optimistic note at Columbia University forum

(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...

Berkshire May Join S&amp;P 500
 Berkshire May Join S&P 500 
Nov 6, 2009 10:34 AM CST

Berkshire May Join S&P 500

Burlington Northern acquisition puts Buffett in index's sights

(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...

Buffett's Railroad Buy Is a (Smart) Bet on Coal
Buffett's Railroad Buy
Is a (Smart) Bet on Coal
ANALYSIS
Nov 3, 2009 5:56 PM CST

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

Growth in US economy will boost electricity demand

(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...

Buffett Bets on Recovery, Buys Burlington for $26B

Deal will be Berkshire Hathaway's largest ever

(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,”...

Buffett: 'We Are Not Out of Problems Yet'
Buffett: 'We
Are Not Out of Problems Yet'
INTERVIEW
Sep 8, 2009 6:38 AM CDT

Buffett: 'We Are Not Out of Problems Yet'

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

(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...

Buffett: 'I Didn't Cover Myself in Glory' in '08

(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...

Buffett Reports $200M Drop, Blames Recession

(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.

Buffett: US 'Doing the Right Things'

(Newser) - 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...

Financial 'Pearl Harbor' Is Past, Says Buffett

Oracle confident as he prepares to be buffeted by shareholders

(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...

Moody's Downgrades Buffett
 Moody's Downgrades Buffett 
Apr 8, 2009 9:31 PM CDT

Moody's Downgrades Buffett

(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...

Economy Has 'Fallen Off a Cliff': Buffett

Billionaire investor sees recovery on far horizon, warns of inflation

(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...

Buffett Has Worst Year Ever
 Buffett Has Worst Year Ever 
Feb 28, 2009 10:11 AM CST

Buffett Has Worst Year Ever

(Newser) - Not even legendary investors can escape this mess. Warren Buffett’s Berkshire Hathaway posted its worst year ever in 2008, the Wall Street Journal reports. A key indicator, book value per share, fell 9.6%, only the second loss since Buffett took control of the company in 1965. Berkshire reported...

Buffett Loans Billions to Swiss Re
Buffett Loans Billions to
Swiss Re
Feb 5, 2009 8:31 AM CST

Buffett Loans Billions to Swiss Re

Insurance giant turns to Omaha after heavy annual loss

(Newser) - Insurance giant Swiss Re has reported an annual loss of $860 million and will turn to Warren Buffett to retain its investment-grade rating, the Financial Times reports. The company will raise $2.58 billion, of which more than half will come from Berkshire Hathaway—leaving Buffett with more than 20%...

Told-On Buffett Cools Toward Tell-All Author

Billionaire not thrilled with messy details of warts-and-all bio

(Newser) - Billionaire Warren Buffett has canceled his annual public tête-à-tête with his biographer after the book they collaborated on left him with mixed feelings, reports the New York Times. For the past decade, the Oracle of Omaha has submitted to questions from Alice Schroeder during a huge dinner...

Brutal Market Doesn't Spare Buffett
Brutal Market
Doesn't
Spare Buffett
Nov 20, 2008 3:53 AM CST

Brutal Market Doesn't Spare Buffett

Berkshire Hathaway takes biggest dive in decades

(Newser) - The "Oracle of Omaha" is proving even he's not immune from market blows, reports Bloomberg. Warren Buffet's Berkshire Hathaway took a 12% nosedive yesterday, its biggest one-day fall since 1987's Black Monday. The conglomerate is down 41% for the year and has been dropping steadily for eight days after...

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