Warren Buffett
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Buffett Reignites Berkshire Hathaway with a $4 Billion Spending Spree
By Jason SimpkinsAssociate Editor Not even Warren Buffett was immune to the stock market’s rampant first-half gyrations, as Berkshire Hathaway Inc. (BRK.A, BRK.B) notched its worst first half in 18 years, with the shares skidding more than 16%. But only a fool would count out the great Oracle of Omaha, who has spent the past [...] -
Warren Buffett, the "Oracle of Omaha," Tells German Audiences That the U.S. Economy is in a Deep Recession
By William Patalon III Executive Editor Money Morning/The Money Map Report The United States is already in a recession and it will be longer as well as deeper than many people expect, U.S. investment guru Warren Buffett said in an interview published Saturday in the German magazine Der Spiegel. The United States is "already in [...]
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Dueling Views on Housing: Jim Rogers Sees More Pain to Come While Warren Buffett's Housing Expert Sees Rebound Under Way
From Staff Reports When asked about their outlook for the crisis-ridden U.S. housing and financial-services markets, two U.S. financial experts provided outlooks that completely contradicted one another – once again underscoring how tough it is for investors to predict when the U.S. economy will turn around. Jim Rogers, a best-selling author who co-founded the famed [...]
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Leading Candidate to Succeed Warren Buffett Relinquishes Role at Berkshire Subsidiary
By William Patalon III Executive EditorMoney Morning/The Money Map Report David Sokol, widely viewed as the leading candidate to eventually replace investing guru Warren Buffett as the chief executive officer of Berkshire Hathaway Inc. (BRK.A, BRK.B), is changing jobs. Sokol announced that he plans to step down as CEO of the MidAmerican Energy Holdings Co., [...]
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Oracle of Omaha Discloses Annual Salary
By Jennifer Yousfi Managing Editor For the 27th year in a row, Berkshire Hathaway Inc. (BRK.A, BRK.B) Chairman Warren Buffett received an annual salary of $100,000. In addition, Buffett received no bonus or stock options for heading up one of the most successful investment vehicles in the world, as Berkshire Hathaway profit increased 20% in [...]
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The Oracle of Omaha Makes His Newest Pronouncement: The U.S. is in a Recession
From Staff Reports According to economists, the U.S. economy isn't in a recession. Don't tell that to Warren Buffett. Buffett, the billionaire investor known as the "Oracle of Omaha," says he's seen a "significant slowdown" in the businesses that are part of his company, Berkshire Hathaway Inc., (BRK.A, BRK.B) – which tells him that the [...]
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Berkshire's Buffett Warns Government To Back Off When it Comes to Regulating the Global Cash Barons
By William Patalon III Executive Editor Money Morning/The Money Map Report Critics of sovereign wealth funds say there are sinister motives behind the multibillion investments the state-run investment pools are making in U.S. and European companies. Investing guru Warren Buffett says that theory is bunk. And we agree. In his Feb. 29 letter to shareholders, [...]
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Warren Buffett's Berkshire Hathaway Crafts Deals for Kraft Foods and GlaxoSmithKline
By William Patalon III Executive Editor Money Morning/The Money Map Report Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) has taken an 8.6% stake in Kraft Foods Inc. (KFT), making it the foodmaker's biggest shareholder. In a regulatory filing made late last week, the Omaha-based Berkshire also revealed that it had acquired a $76.1 million stake [...]
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Foreclosure Freeze and Warren Buffet's Bond Proposition Cause Stocks to Soar
By Jason Simpkins Associate Editor U.S. stocks rallied for the second straight day yesterday (Tuesday) – posting their biggest gains so far this month – on news that major U.S. lenders would put a freeze on foreclosures, and major bond insurers were considering a Warren Buffet-sponsored bailout. After rising more than 200 points in early [...]
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Buffett Offers to Bail Out Bond Insurers, Markets Rally
By Jason Simpkins Associate Editor Warren Buffett, entrepreneur and chairman of Berkshire Hathaway Inc. (BRK.A, BRK.B), offered yesterday (Tuesday) to assume responsibility for $800 billion of municipal bonds guaranteed by MBIA Inc. (MBI), Financial Guaranty Insurance Company, and Ambac Financial Group Inc. (ABK). "We offered to take over the liabilities for the whole $800 billion [...]
