Berkshire Hathaway Inc., the Warren Buffett investment conglomerate, bought more than 10 million shares of railroad company Burlington Northern Santa Fe Corp. since Thursday, increasing its stake to 14.8 percent, according to regulatory filings.
Warren Buffett's Berkshire Hathaway Inc said Friday second-quarter earnings rose 33 percent as higher insurance and utility profits offset pressure on housing-related businesses from the slowing U.S. real estate market.
A bidder agreed to pay $650,100 to have lunch with billionaire Warren Buffett, surpassing last year's record for the annual charity auction.
Lunch with Warren Buffett will again prove a costly feast.
Berkshire Hathaway, the diversified holding company run by billionaire investor Warren Buffett, reported higher first-quarter earnings Friday.
Warren Buffett's Berkshire Hathaway Inc. has bought a stake of more than 10 percent in railroad operator Burlington Northern Santa Fe Corp. that's worth about $3.2 billion, according to a filing with regulators.
Last summer Warren Buffett stunned the business world when he told FORTUNE that he would give away the bulk of his $44 billion Berkshire Hathaway fortune to charity.
The world's most successful investor - and second richest man - is perhaps also its least lavish CEO.
Warren Buffett disclosed on Thursday that he wants to see the proceeds from all Berkshire shares he owns at death to be used for philanthropic purposes quickly. His will, Buffett says in the just-released Berkshire Hathaway annual report, stipulates that the proceeds must be spent within 10 years after his estate is closed.
Running what is in effect an ad for talent, Berkshire Hathaway chairman Warren Buffett, 76, says in the company's just-released annual report that he plans to hire a younger person - or perhaps more than one - to understudy him in managing Berkshire's investments.
Berkshire Hathaway, benefiting significantly in its big insurance operations from a benign hurricane season, reported Thursday that its 2006 per-share gain in book value was $16.9 billion, which produced a per-share gain of 18.4%. This increase followed two years in which hurricane losses hurt per-share gains, holding them to 6.4% in 2005 and 10.5% in 2004.
Tucked away in the briefcase of Liz Ann Sonders, chief investment strategist at Charles Schwab & Co., is a chart so scary she's hesitant to show it to investors. It plots the National Association o...
Shares of billionaire Warren Buffett's Berkshire Hathaway Inc. closed at $100,000 Monday, a record for the most expensive U.S. stock.
The recently thwarted plot in Britain to blow up airliners headed for the U.S. was chilling news that put the world back on high alert. But with the fear - for many investors, anyway - came the sea...
Okay we need this Alaska pipeline shutdown like an abscessed tooth! Of course the big news will be the Fed announcement on Tuesday, 2:15 Eastern. Be there! And this: Sweden's economy saw its highest growth in six years... Time to move?
On July, Warren Buffett drove himself downtown, walked into the cavernous and nearly deserted central branch of U.S. Bank in Omaha, descended a flight of steps, and opened his large safe-deposit bo...
Berkshire Hathaway said late Tuesday that it has agreed to acquire two California workers' compensation firms as the insurance- focused conglomerate run by billionaire Warren Buffett expands its bet on the once-troubled market.
On July 3, Warren Buffett drove himself downtown, walked into the cavernous and nearly deserted central branch of U.S. Bank in Omaha, descended a flight of steps, and opened his large safe-deposit box.
We were sitting in a Manhattan living room on a spring afternoon, and Warren Buffett had a Cherry Coke in his hand as usual. But this unremarkable scene was about to take a surprising turn.
Big rate hike coming on Thursday. Oh my! Excited? Yeah, pass me a cold one.
Warren Buffett holds only Berkshire Hathaway A stock (474,998 shares), but his gifts are to be made in Berkshire B stock, into which each A share is convertible at a ratio of 30 to 1. He will convert A shares to obtain the B shares he needs for his gifts.
Coming from you, this plan is pretty startling. Up to now you haven't been famous for giving away money. In fact, you've been roundly criticized now and then for not giving it away. So let's cut to the obvious question: Are you ill?
We were sitting in a Manhattan living room on a spring afternoon, and Warren Buffett had a Cherry Coke in his hand as usual. But this unremarkable scene was about to take a surprising turn.
Ask folks about Berkshire Hathaway, and most will tell you that it's Warren Buffett's company, which is true as far as it goes. But those in the know recognize that Berkshire's success is actually ...
Microsoft Farms 1,400,000
Visiting this mid-sized city the weekend of Berkshire Hathaway's annual meeting is certainly a singular experience. Think about it: 24,000 multi-millionaires, all happy as clams, just dropping in! Howdy!
If every year you had more cash than the year before, would you have a problem with that? If every year you had a lot more cash than the year before, would you have a problem with that? And if, at last count, your cash had piled up to $37 billion, would you have a problem with that?
OMAHA, Neb. (Reuters) - Warren Buffett said Saturday he wanted to reduce Berkshire Hathaway Inc.'s cash pile and that there was a small chance he would make an acquisition that could take up to $15 billion of cash.
Berkshire Hathaway Inc., the investment company controlled by Warren Buffett, said Friday it purchased a majority stake in a privately held metalworking firm for $5 billion,and reported a 70 percent jump in first-quarter earnings.
Has Warren Buffet found his next big acquisition and will he let the world know about it this weekend? According to a published report Friday, speculation is building that the billionaire investor may do just that during the annual meeting of his holding company Berkshire Hathaway.
With oil prices falling, corporate earnings still growing, and consumer confidence on the mend, the stock market has awakened from its 10-month slumber.
It's the Friday before the University of Nebraska's Big 12 Conference opener in football-mad Lincoln, but the Cornhuskers game isn't the only hot ticket in town. On a beautiful late September after...
Investors are getting a new opportunity to invest with Warren Buffett, even if they can't afford the price of a single share of Berkshire Hathaway stock.
TECH DATA No. 110
Warren Buffett is to meet Monday with state and federal investigators looking into his company's business ties to embattled insurer American International Group and possibly other firms, a filing said Friday.
Every investor loves a soaring stock price. Problem is, we often chase those hot stocks after they've reached the ozone. Yes, most of us would do well to use the discipline of a value investor and ...
Regulators are scrutinizing "retroactive" insurance policies, leading some investors to worry that Berkshire Hathaway will be caught up in the probe, a newspaper reported Friday.
Police investigating a train crash in southern England in which seven people died are focusing on a theory that a driver parked a car on the rails in an attempt to commit suicide.
Berkshire Hathaway Inc., the wide-ranging conglomerate run by billionaire investor Warren Buffett, has posted a sharply lower quarterly profit as its insurance operations paid out large claims from the series of hurricanes that hit Florida.
Berkshire Hathaway Inc., the holding company run by billionaire investor Warren Buffett, has refurnished its portfolio with 8 million of shares of home furnishing chain Pier 1 Imports worth about $141.5 million.
The wife of billionaire businessman Warren Buffett died Thursday of a stroke while she and her husband were visiting friends in Cody, Wyo., a spokesman for Buffett's company, Berkshire Hathaway, told CNN.
The excitement ran high this morning as more than 16,000 Berkshire Hathaway shareholders converged on the Qwest Center in Omaha for Warren Buffett's annual meeting.
Leave it to Warren Buffett to figure out how to combine America's two greatest passions about money: making it and spending it. Who but Buffett would have the nerve to kick off his annual shareholders' meeting in a jewelry store?
Y2K? That's so 20th century. The latest computer-can't-cope buzzword may be Berk100K. At a recent $95,000--up 56% from its 52-week low--Berkshire Hathaway stock is rapidly approaching six figures. ...
Is Barry Diller's IAC/InterActiveCorp (IACI) the Berkshire Hathaway of the new millennium? Prescient Legg Mason manager Bill Miller thinks so. He's been comparing InterActive's portfolio of Web and media companies -- including Expedia, Home Shopping Network, Lending Tree and Match.com -- to Warren Buffett's coveted conglomerate. Both firms have granite balance sheets, gush free cash flow and own businesses that are tops in their field.
In his annual letter to Berkshire Hathaway shareholders, released Saturday, Warren Buffett sounded a number of familiar themes.
Is Barry Diller's IAC/InterActiveCorp (IACI) the Berkshire Hathaway of the new millennium? Prescient Legg Mason manager Bill Miller thinks so. He's been comparing InterActive's portfolio of Web and...
What do Warren Buffett, Bill Gates and average investors have in common? Right now, piles and piles of cash earning them virtually no return.
Warren Buffett has drawn criticism in the past for supporting pro-choice causes, but it never affected Berkshire Hathaway's charitable giving--that is, until Cindy Coughlon, a 34-year-old stay-at-...
We all know Warren Buffett as a stock market sage. And that his Berkshire Hathaway has become more of an insurance company than anything else. But lately, like most other Americans, Buffett has b...
MERCURY'S NEW MAN
For decades the name Warren Buffett has conjured up the image of a golden-touch investor--a solid, straight-shooting, deep value-minded soul who (as dozens of biographies and investing primers will...
Devoting a weekend to an annual meeting in Omaha is hard-core. But for true Berkshire Hathaway devotees, the Buffett-fest is just a warm-up. After gorging on the earthy wit and investing wisdom of ...
Warren Buffett is the rare corporate chief willing to shine a spotlight on his mistakes. He's had a lot to focus on lately. In 1999, it was the inferior performance of Berkshire's stock portfolio. ...
Ready to settle down with a good, juicy read? So are MONEY's staffers--and though we look forward to rereading serious tomes like Jeremy Siegel's Stocks for the Long Run, we also enjoy lighter fare...
Amazing, isn't it, how quickly this investing gig can go from no-brainer to brainteaser? A little over a year ago, when the Nasdaq was an object of devotion rather than derision, the challenge wasn...
Three books on Berkshire Hathaway CEO Warren Buffett hit stores this year, bringing the total to 16. Two of the new entries are well done, but why not go straight to the source? Buffett explains hi...
While the sound of the tech crash was like nails on a chalkboard for many of us, it apparently sounded more like a rallying cry to Warren Buffett. Berkshire Hathaway's famously tech-phobic chairman...
A small quiz, if you don't mind: Kindly describe what each of the companies in the top ten of the Most Admired does.
Yeah, that's both of me. My own spy vs. spy in living color. Id against ego. Yin going mano a mano with yang! Well, all those are no doubt true on some level. But the real point of this little bit ...
Lou who? That's the response many investors had to Warren Buffett's recent announcement that Louis A. Simpson is the man who will manage Berkshire Hathaway's investment gazillions if, one day, Berk...
It's not often that we here at MONEY draw a blank on a mutual fund. But one fund we'd never heard of has been popping up near the top of the charts in our By the Numbers section (beginning on page ...
What would you buy today if you could pick just one stock for your retirement portfolio? That's the question we posed to several dozen prominent investors--from high-flying hedge fund and mutual fu...
Berkshire Hathaway Chairman Warren Buffett calls his annual shareholders' meeting the "Woodstock weekend for capitalists," but investor Michael Cleveland has a better analogy: "It's a religious rev...
After more than two months of lousy performance, shares of consumer-products companies and other Old Economy stocks have started to snap back. And no one is looking snappier than Mr. Old Economy hi...
It sounds like a sure-fire formula for success: Follow the moves of Warren Buffett, widely considered one of the best investors of the century. Sure enough, a handful of mutual funds have thrived w...
Fire sale at Saks
Warren Buffett, chairman of Berkshire Hathaway, almost never talks publicly about the general level of stock prices--neither in his famed annual report nor at Berkshire's thronged annual meetings n...
Ouch! No one has been hurt more by the precipitous drop in Gillette's stock than Berkshire Hathaway CEO Warren Buffett. According to Buffett's most recent letter to shareholders, Berkshire owned 96...
A few highlights from Berkshire Hathaway's annual report:
If you're like me (Lord help you!), there are probably six dozen things you'd rather do than sit around and talk about property and casualty--P&C, for short--insurance stocks. (Like do your laundry...
When Berkshire Hathaway agreed to buy General Re last summer, Standard & Poor's needed to replace the insurer on the S&P 500 index. Should S&P go with the acquirer or list an entirely new stock? In...
Let us say that you are Warren Buffett. (How does it feel so far?) As of June 30, the company over which you famously preside, Berkshire Hathaway, controlled some $54 billion of investment assets. ...
The message of the four charts above is simple. Measured by the usual yardsticks of value, this bull market should be dead, buried, and decomposed. The fact that it ostentatiously is nothing of the...
Saturday, March 14, 1998. It's three days before St. Patrick's Day, the day before the Ides of March and two days after a full moon. But to the investing fanatic, the 14th is the day that the annua...
BUFFETT'S BOND BINGE
If you don't have $43,800 to buy a share of Berkshire Hathaway stock, you can still get a piece of the firm by buying a company T-shirt. In fact, the first thing you'll see on Berkshire Hathaway's ...
So I got this e-mail from Larry in cyberspace: "After the market crashed in October 1987, you wrote an article for a major magazine suggesting 10 investment ideas. Now that it is 10 years later, co...
Both men are astute investors. Both are longtime members of Forbes magazine's list of the 400 richest Americans. And both run companies that are essentially giant investment vehicles with serious s...
It's goose-bump time inside Omaha's Aksarben Coliseum as America's favorite fat cat leads a knot of bodyguards and cameramen toward his rendezvous with 7,700 ecstatic stockholders gathered for Berk...
Warren Buffett, the smartest man on Wall Street and consequently the richest man in America, believes his Berkshire Hathaway stock has become overpriced. Apparently, he feels so strongly about his ...
Just in from Omaha and making a do-it-yourself delivery, Berkshire Hathaway Chairman Warren E. Buffett strolled into the downtown Manhattan offices of Harris Trust on March 5 and handed two envelop...
IN APRIL WE TOLD YOU NOT TO BUY BERKshire Hathaway, the firm run by Warren Buffett. The stock was trading in the nosebleed zone of $22,500 per share, a price that made sense, we said, only if the p...
Following the lead of famed stock picker Warren Buffett has been a time-honored strategy of investors from Wall Street to the heartland. And a profitable one too. Had you invested $100 in the Washi...
Most investors who end the year doing twice as well as the market would break out the Veuve Clicquot. Not Warren Buffett: ''Nineteen ninety-two will be worse than average,'' says the Oracle of Omah...
The shareholders of Berkshire Hathaway were asked in May 1985 if they wanted to receive a dividend. Since 1969, when Warren Buffett became CEO of the company, they had never been given one. Instead...
AS YOU SIT before the fire in the den of an evening, happily pondering the quiet piling-up of dollars in your portfolio, you will find it all too easy to forget about taxes. Who wants to think abou...
Call him the Macaulay Culkin of investing. Like the 10-year-old star of the hit movie Home Alone, New Yorker Nicholas Kenner, also 10, has a knack for bringing down the house -- specifically, Berks...
Turbulence and trouble occasionally make for good bargains. Consider Berkshire Hathaway, akin to a juggernaut that unaccountably takes a backward step. Already stumbling before Saddam Hussein and r...
When Warren Buffett took control of Berkshire Hathaway in 1965, the dowdy conglomerate's stock traded at $12 a share. Late last year, it sold on the New York Stock Exchange for $8,900 -- an astound...
SHALL WE THINK this a failed career? When Warren E. Buffett, then 34, gained control of Berkshire Hathaway, a textile manufacturer, in 1965, the company had a net worth of $22 million and a stock p...
HOW DO YOU build a winning reputation? In FORTUNE's annual survey, the foundations are the eight attributes listed on the opposite page. To rise to the top, a company must rate highly in each, in t...
When you're young and healthy, Engle counsels, be bold. A young person can tolerate roller-coaster rides from the more volatile -- and potentially profitable -- asset categories. He suggests a port...
Warren E. Buffett, the Omaha investor who prides himself on producing extraordinary results by doing ordinary things, has now done an extraordinary thing to produce an ordinary result. In a letter ...
Senior editor Caroline Donnelly recently covered the annual meeting of Warren Buffett's Berkshire Hathaway Inc. This is her report: ''Testing . . . 1 million . . . 2 million . . . 3 million . . .''...
WARREN BUFFETT, chairman of Berkshire Hathaway, calls the conglomerate his ''canvas,'' and shortly, when its annual report comes out, the world will learn precisely what kind of picture this legend...
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