Warren Buffett donates record $2 billion to Gates Foundation
Jul 09, 2013 at 20:17 | Source:
Warren Buffett, the world's third wealthiest person gave away a record $2 billion to the Bill and Melinda Gates Foundation, according to a statement today from his investment firm Berkshire Hathaway. Buffett, chairman and CEO of Berkshire, donated a...
Warren Buffett makes annual stock donations to charities
Jul 09, 2013 at 00:00 | Source:
Nebraska, US: Billionaire Warren Buffett is giving five charities more than $2.6 billion worth of Berkshire Hathaway Inc stock as part of his overall plan to give away his fortune gradually. Mr Buffett announced the annual gifts on Monday. The bigges...
Call a spade a spade
Jun 30, 2013 at 00:37 | Source:
The Hindu BusinessLine
Warren Buffett’s Berkshire Hathaway had recently indicated that it is winding up its online insurance operation in India that was started in 2011. The bad news is that the experiment probably didn’t produce the desired results, but the g...
How Rajat Gupta got convicted of insider trading?
Jun 24, 2013 at 02:06 | Source:
It was around 10 a.m. on September 23, 2008, and Byron David Trott, a tall, silver-haired banker, sat in his New York office on the seventeenth floor of Goldman Sachs's headquarters building, preparing for a call. As he glanced at the television scr...
ICICI Prudential US Bluechip Equity
Jun 23, 2013 at 09:42 | Source:
The Hindu BusinessLine
June 22, 2013: ICICI Prudential US Bluechip Equity will be celebrating its first anniversary in a few weeks’ time. The fund, as the name suggests, directly invests in blue-chip companies listed on the US stock exchanges. Given that domestic ma...
How is Barron's all-star investing team doing?
Jun 21, 2013 at 20:32 | Source:
I genuinely enjoy following Barron's Roundtable every year (see "Shifting Winds"). The venerable publication puts together a team of 10 outspoken money managers and allows them to perform the journalistic equivalent of a cage fight. The participants...
Fannie Mae and Freddie Mac shareholders sue US government
Jun 14, 2013 at 01:27 | Source:
Fannie Mae and Freddie Mac shareholders sued the US over allegations that the 2008 takeover of the housing lending giants was illegal and cost investors billions of dollars. The takeover of the mortgage companies by the Federal Housing Finance Agenc...
4 ways to prepare for summer volatility
Jun 13, 2013 at 20:37 | Source:
Confidence seems to be dimming on Wall Street lately. Consider that 15 of the last 16 trading days (that’s May 21 through Wednesday) saw triple-digit intraday swings for the Dow Jones Industrial average (DJI:DJIA) . The only day that did not hav...
The best days of super-cheap money are over
Jun 13, 2013 at 00:57 | Source:
NEW YORK (MarketWatch) — Call it the great re-rebalancing. In the years following the financial crisis, a grand, sweeping narrative took root in global investment circles. It held that investment flows were undertaking a reallocation that was cent...
Column: The threat to the central-bank brand
Jun 10, 2013 at 08:02 | Source:
As corporate executives know, brand management is a tricky affair, especially when popular sentiment overshoots The �branding� of modern central banking started in the United States in the early 1980s under then-Federal Reserve Board Chairman Pa...
Berkshire India to stop online sale of insurance products
Jun 09, 2013 at 22:47 | Source:
The Hindu BusinessLine
New Delhi, June 9: Tough times call for hard decisions. Warren Buffett-controlled Berkshire India has decided to close down its online distribution portal —www.BerkshireInsurance.com — later this year. This has been conveyed to existing ...
Warren Buffett charity lunch sold for $1 million-plus
Jun 08, 2013 at 22:11 | Source:
OMAHA: The annual charity auction of a private lunch with billionaire investor Warren Buffett went for just more than $1 million, a bargain price compared to past years for an opportunity to sit down with one of the world's most successful philanthr...
3G Capital shuffles CEOs on completion of Heinz deal
Jun 08, 2013 at 16:00 | Source:
New York: Ketchup maker H J Heinz Co has started a new chapter. The company, which also makes baked beans, vinegar and pasta sauce, said that it completed its acquisition by Warren Buffett's Berkshire Hathaway and 3G Capital, the Brazilian in...
Warren Buffett utility deal may signal big push to invest cash
Jun 06, 2013 at 00:46 | Source:
MidAmerican Energy Holdings Co, a core part of Warren Buffett's sprawling business empire, is becoming a favorite way for the "Oracle of Omaha" to invest the billions of dollars of cash on Berkshire Hathaway Inc's balance sheet. The unit's $5.6 bill...
Buffett’s buying banks, but beware
Jun 04, 2013 at 23:57 | Source:
SAN FRANCISCO (MarketWatch) — Warren Buffett once said “risk comes from not knowing what you’re doing.” So, before investors follow his lead into buying banks stocks, they might want to consider just what Buffett is buying through his invest...
3 value stocks the smart money is buying now
Jun 04, 2013 at 17:02 | Source:
SAN FRANCISCO (MarketWatch) — Value investors are known for their conviction, buying beaten-down stocks others have tossed in the garbage bin and sticking with those companies through thick and thin. Click to Play June poised for a strong start WS...
Berkshire's MidAmerican to pay $5.6 bn for NV Energy
May 31, 2013 at 17:07 | Source:
A Berkshire Hathaway unit is acquiring NV Energy, which supplies electricity to power-hungry Las Vegas and its casinos, in a $5.6-billion deal. According to Berkshire's MidAmerican Energy Holdings Co, it would buy NV Energy for $23.75 per share, a 2...
Wall St ends up on optimism Fed stimulus to remain
May 31, 2013 at 03:15 | Source:
NEW YORK (Reuters) - U.S. stocks rose on Thursday, rebounding from the previous session's losses, as tepid economic data eased concerns the U.S. Federal Reserve would begin to gradually scale back its policy of stimulating growth.The day's gain put t...