Warren Buffett

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Dems Tell Buffett to Stuff It
 Dems Tell Buffett to Stuff It 
Apr 26, 2010 10:49 AM CDT

Dems Tell Buffett to Stuff It

Berkshire provision killed in financial reform legislation

(Newser) - Democrats today agreed to torpedo the sweetheart derivatives provision Warren Buffett was lobbying to insert into their financial reform legislation, the Wall Street Journal reports. The decision comes scant hours after the Journal 's original front-page report that Ben Nelson had managed to jam the provision into the Agriculture Committee's...

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...

9 Successes Who Were Rejected by Colleges

Don't worry, seniors: Ted Turner, Warren Buffett still made it

(Newser) - As high school seniors across the country anxiously wait for college acceptance—or rejection—letters, the Wall Street Journal offers a glimpse at a few success stories who received the dreaded thin envelope:
  • Warren Buffett: Though his rejection from Harvard Business School was “crushing” at the time, it “
...

Carlos Slim Overtakes Bill Gates as World's Richest
Carlos Slim Overtakes Bill Gates as World's Richest
NET WORTH: $53.5B
Mar 11, 2010 8:11 AM CST

Carlos Slim Overtakes Bill Gates as World's Richest

Mexican businessman's net worth is $53.5B, Forbes estimates

(Newser) - Mexican businessman Carlos Slim has overtake Bill Gates to become the world’s richest person, with Forbes’ annual estimate giving him a net worth of $53.5 billion—a hair more (well, to them) than the Microsoft founder’s $53 billion even. Investor Warren Buffet ($47 billion) is third, followed...

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...

Warren Buffett to Obama: Rewrite Health Care Bill
Warren Buffett to Obama: Rewrite Health Care Bill
Interview
Mar 1, 2010 1:21 PM CST

Warren Buffett to Obama: Rewrite Health Care Bill

Current Senate bill better than nothing, but oracle prefers 'Plan C'

(Newser) - Warren Buffett came out against the health care bill today, essentially echoing the Republican position that the administration should scrap the current bill and start over. Buffett, a longtime Obama supporter, told CNBC the current health care system is “like a tapeworm eating at our economic body,” with...

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.

Goldman Pumps $500M Into Small Businesses

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

(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...

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,”...

For Buffett, Best Suits Are Made in China

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

(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,...

Ralph Nader Pens Odd Utopian Novel
Ralph Nader Pens Odd Utopian Novel
new release
Sep 21, 2009 6:52 PM CDT

Ralph Nader Pens Odd Utopian Novel

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

(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 736...

New Recession Villain: Warren Buffett's Cell Phone

Oracle of Omaha missed message that may have saved Lehman Brothers

(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...

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...

Lunch With Buffett Sells for $1.68M

(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...

Buffett: Economy Still in 'Shambles'

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

(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.”...

World's Richest People Held Secret Meeting

(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...

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