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Mr Buffett last week made a big bet on the US economy when his Berkshire Hathaway agreed to pay about $26.4 billion for the 77% of railroad company Burlington Northern Santa Fe that it did not already own. “There will be more people in this country, 10,...
Tags: Mr Buffett, India, Mumbai, Berkshire Hathaway, Buffett, Timothy Geithner, Ben Bernanke, Business Finance
Berkshire Hathaway announced last week it was buying railway company Burlington Northern Santa Fe for $44 billion. Warren Buffett called the acquisition an " all-in wager on the economic future of the United States ." Buffett's big bet on Burlington comes...
Tags: CEO Warren Buffett, Mr. Buffett, Mr Buffett, Union Pacific, Burlington Northern Santa Fe, Berkshire Hathaway Inc., Norfolk Southern, railroad companies
The cash and stock deal, which prices the Fort Worth, Texas-based railroad at $34 billion or $100 per share, is being made through Warren Buffett's Berkshire Hathaway [ BRK.A , BRK.B ]. The Omaha, Neb., holding company, whose portfolio includes other...
Tags: Billionaire Warren Buffett, Mr Buffett, Berkshire Hathaway Inc.
This year, he is number two, as Berkshire's share price tumbled in the economic crisis. His great friend Bill Gates regained his usual position at the top. But Buffett has never admitted to any interest in such tables, and has trained himself to ignore...
Thursday Sep 17, 2009 Billionaire investor Warren Buffett says the US economy appears to have leveled off at the bottom of the recession over the summer, but Berkshire Hathaway's CEO still isn't seeing much improvement. Tuesday and Wednesday. "I think...
Tags: Mr Buffett, Warren Buffett, Kraft, New York City
Between April and June, Berkshire Hathaway made a profit of $3.3bn in the second quarter, up 15pc on the $2.88bn it made in the same period a year ago. In the first quarter, the company made a loss of $1.53bn and Mr Buffett previously revealed a loss...
Zhao Danyang, the hedge fund manager who paid more than $US2.11 million ($2.7 million) to have lunch with Warren Buffett, said he owed his firm's 600 per cent return over the past six years to lessons he learned from the Oracle of Omaha.
Tags: Warren Buffett, Mr Buffett, having lunch
Billionaires Warren Buffett and Charlie Munger said Sunday the most important lessons of the recent financial turmoil are that companies should borrow less and build a system that imposes severe disincentives for failure. Berkshire Hathaway Inc.'s top...
Tags: Billionaires Warren Buffett, Billionaire Warren Buffett, Mr Buffett, Berkshire Hathaway Inc., Omaha, operating profitable, Charlie Munger
Operating profit fell about 12 percent from a year earlier to $1.7 billion, as most of Berkshire's businesses were "basically down," Buffett told an estimated 35,000 people at the meeting in downtown Omaha. The decline in book value results in part from...
Tags: Warren Buffett, Mr Buffett, Berkshire Hathaway, Ajit Jain
If attendance reaches that level, it would be a record, and exceed last year's attendance by 4,000. Read the Reporter's Notebook on other events at the meeting. In California, medium and lower priced homes -- under $750,000 -- have been selling more,...
Tags: Billionaire Warren Buffett, Berkshire Hathaway Inc., Mr Buffett, Billionaire Buffett, Berkshireâ, Omaha, U.S, financial hurricane, annual shareholder, buffett says