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Warren Buffett's Berkshire Hathaway Inc. said first-quarter profit rose 51% on gains from investments and insurance operations. Net income climbed to $4.89 billion, or $2,977 a share, from $3.25 billion, or $1,966, a year earlier, the Omaha, Neb.,...
The Oracle of Omaha has taken to Twitter. The notoriously tech-shy billionaire launched his @WarrenBuffett handle Thursday, where he quickly garnered more than 180,000 followers. He is the second-richest person with a verified Twitter account, after...
The annual Berkshire Hathaway shareholder meeting kicks off this weekend in Omaha, Neb. Thousands of the conglomerate’s shareholders will make the sojourn to the Cornhusker State, where they are expected to discuss the company’s succession...
Warren Buffett, the billionaire investor, urged corporate America in an essay published online Thursday to help develop women's workplace potential, arguing women are the key to America's economic prosperity. The essay, written for the May 20 issue...
Heinz shareholders on Tuesday overwhelmingly backed an acquisition by Warren Buffett's Berkshire Hathaway and 3G Capital, a private equity firm. Following the February announcement that Heinz would be sold for a record $28 billion, the company's...
The British are leaving. Five years after launching the Fresh & Easy grocery chain in the U.S., Tesco of England is abandoning its nearly $2-billion gamble. Once called "foolhardy" by investment guru Warren Buffett, the ambitious experiment joins a...
WASHINGTON — The nonprofit advocacy group that was formed to back President Obama's agenda, which was sharply criticized as a potential conduit for wealthy interests to influence the White House, has been financed overwhelmingly by thousands of...
Fast food giant Burger King Worldwide Inc. said it will lose its chief executive Bernardo Hees to H.J. Heinz Co. once billionaire financier Warren Buffett wraps up his acquisition of the ketchup company with 3G Capital. Corporate poaching this...
In 92 years, See's Candies has never shied away from being old-fashioned. At the factory on La Cienega Boulevard, some octogenarian workers measure their decades of employment in hip replacements. Quaint floral details are still hand-piped onto...
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Warren Buffett, the ultimate buy-and-hold investor, is grabbing a big chunk of stock in Goldman Sachs Group Inc. — without having to buy it. The deal would make Buffett’s Omaha-based investment firm, Berkshire Hathaway Inc., one of Goldman&...
John J. Byrne, whose turnaround of auto insurer Geico Corp. led billionaire Warren Buffett to buy the company and call him "the Babe Ruth of insurance," died March 7 at his home in Etna, N.H., according to Robert E. Snyder, a family spokesman. He was 80...
WASHINGTON -- Billionaire investor Warren Buffett is not a big fan of the automatic federal budget cuts that kicked in Friday, but he said they help reduce the deficit and shouldn't hurt the economy too much. The government is still running a deficit...
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