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San Fransisco Chronicle (Free subscription) | 06/21/2008
Warren Buffett's timing is once again impeccable. His 6-month-old bond insurance business will likely be the primary beneficiary of the latest credit rating downgrades on Ambac Financial Group Inc. and MBIA Inc. Buffett's Berkshire Hathaway Inc. started its...
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SignalBlog (Free subscription) | 07/21/2008
... of their customers have been blacked out. MidAmerican Energy is controlled by Warren Buffett’s Berkshire Hathaway Inc. National Weather Service meteorologist Ben Moyer says there hasn’t been a lot of rain with the system but winds gusted up to 100 mph. Similar Posts: New York clears Orange and Rockland rate hike Berkshire sheds stake in Ameriprise Verizon allowed to raise basic phone...
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Reuters (Free subscription) | 07/14/2008
NEW YORK (Reuters) - It's a bear market for Warren Buffett's Berkshire Hathaway Inc , too.
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Business Spectator (Free subscription) | 07/16/2008
... in a statement. "We are open for business and getting lots of it."Billionaire Warren Buffett's Berkshire Hathaway Inc is Wells Fargo's largest investor, owning 8.8 per cent of its stock as of March 31, Thomson ShareWatch said.Through Tuesday, Wells Fargo shares had fallen 32.1 per cent this year, compared with a 45.3 per cent decline in the KBW Bank Index.
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The Earth Times Online Newspaper (Free subscription) | 07/16/2008
... in a statement. "We are open for business and getting lots of it."Billionaire Warren Buffett's Berkshire Hathaway Inc is Wells Fargo's largest investor, owning 8.8 percent of its stock as of March 31, Thomson ShareWatch said.Through Tuesday, Wells Fargo shares had fallen 32.1 percent this year, compared with a 45.3 percent decline in the KBW Bank Index <.BKX>.(Reporting by Jonathan Stempel;...
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SignalBlog (Free subscription) | 07/08/2008
Billionaire Warren Buffett has given away 512,169 Class B shares of Berkshire Hathaway Inc. stock to three charitable foundations in keeping with his plan to give away the bulk of his fortune. The gifts were revealed in paperwork filed Monday with the Securities and Exchange Commission. Those shares were worth $3,999 each, more than $2.05 billion [...]
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Denver Post (Free subscription) | 07/07/2008
It must be a bear market because even billionaire Warren Buffett's Berkshire Hathaway Inc. has slumped almost 20 percent since December.
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The Earth Times Online Newspaper (Free subscription) | 07/12/2008
NEW YORK/PHILADELPHIA (Reuters) - InBev NV sweetened its takeover offer for rival Anheuser-Busch Cos Inc to $50 billion, finally luring the U.S. brewer into talks over a friendly deal, sources familiar with the situation said.
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Philadelphia Inquirer (Free subscription) | 07/11/2008
... to close in January 2009.Financing comes from several sources. Among them: Warren Buffett's Berkshire Hathaway Inc., and the Kuwait Investment Authority, the country's $250 billion investment fund. Experts say Buffett and the Kuwait fund were most likely brought into the deal because they had cash and were willing to take the risk, unlike an investment bank under pressure from the...
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Wall Street Pit (Free subscription) | 07/08/2008
Often called the “Oracle of Omaha”, billionaire Warren Buffet has given away $2 billion to charities. From AP: Excerpt: Billionaire Warren Buffett has given away 512,169 Class B shares of Berkshire Hathaway Inc. (BRKB-B) stock to three charitable foundations in keeping with his plan to give away the bulk of his fortune. - The gifts were revealed in paperwork [...]
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The Earth Times Online Newspaper (Free subscription) | 07/14/2008
NEW YORK (Reuters) - M&T Bank Corp , a large U.S. mid-Atlantic regional bank, on Monday said second-quarter profit fell 25 percent, hurt by rising credit losses tied to residential real estate.Net income for the Buffalo, New York-based company, whose largest investors include Warren Buffett's Berkshire Hathaway Inc , fell to $160.3 million, or $1.44 per share, from $214.2 million, or $1.95,...