Berkshire 2Q earnings rise on utility and railroad boost
Aug 03, 2013 at 20:52 | Source:
Warren Buffett's Berkshire Hathaway Inc beat analysts' estimates as second-quarter profit earnings rose at its utility business and railroad. Net income was up to $4.54 billion, or $2,763 a share, from $3.11 billion, or $1,882, a year earlier, gaini...
Berkshire shares climb on earnings after hours
Aug 03, 2013 at 03:37 | Source:
SAN FRANCISCO (MarketWatch) — Warren Buffett’s Berkshire Hathaway Inc. reported a 46% increase in second-quarter earnings late Friday, sending Class B shares of the company higher in after-hours trading. Reuters Warren Buffett’s Berkshire Hath...
Posco warns of weaker steel prices, mulls cost cut in 2014
Jul 25, 2013 at 14:55 | Source:
Seoul: Posco on Thursday forecast flat second-half profits and warned steel prices would fall further this year due to the economic slowdown in top consumer China, signalling the slump in the steel market was likely to linger longer.China's cooling e...
Why Warren Buffett's Berkshire Hathaway pulled out of India
Jul 24, 2013 at 13:27 | Source:
India has long been viewed as a value investor's dream: rapid growth, 1.2 billion people pining for a taste of globalisation, and underdeveloped industries ripe for turnarounds. So it surprised few when the genre's guru, Warren Buffett, placed a bet ...
Quant giant Cliff Asness's dividend stock picks
Jul 24, 2013 at 01:27 | Source:
Cliff Asness' AQR Capital is one of the biggest quantitative hedge funds in the world. In May, Cliff Asness's AQR Capital Management filed its 13F for the first quarter of 2013 with the SEC. While the information on the specific number of shares it ...
Warren Buffett's long-term stock picks
Jul 24, 2013 at 01:27 | Source:
At Insider Monkey, we track quarterly 13F filings from hundreds of hedge funds and other notable investors—including, of course, Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) . We've found that the information in these filings can be useful i...
Buffett to Posco: Why no one wants to do business in India
Jul 23, 2013 at 14:40 | Source:
The UPA got a tight slap on its face last week.Just as it was busy rolling out the red carpet for investment by relaxing FDI limits in 13 sectors and promising US giants a more favourabe investment climate in India, steel giants Posco and ArcellorMit...
Foreign investors aren't buying the PM's reform claims
Jul 20, 2013 at 09:44 | Source:
New York: Frustrated with India's policies, land acquisition problems, and slowing economy, foreign investors like US retail giantWal-Mart,insurerBerkshire Hathawayand steel companiesPosco and Arcelor Mittal all pulled back on Indian investment plans...
Rajat Gupta fined $13.9 m for insider trading
Jul 18, 2013 at 19:47 | Source:
The Hindu BusinessLine
India-born former Goldman Sachs Director Rajat Gupta, convicted of insider trading, has been ordered to pay a hefty $13.9 million civil penalty and permanently barred from acting as an officer or director of a public company for spilling boardroom s...
Rajat Gupta fined $13.9 million for insider trading
Jul 18, 2013 at 18:17 | Source:
New York: India-born former Goldman Sachs Director Rajat Gupta, convicted of insider trading, has been ordered to pay a hefty USD 13.9 million civil penalty and permanently barred from acting as an officer or director of a public company for spillin...
Insider trading: Rajat Gupta fined another $14 mn; debarred
Jul 18, 2013 at 16:32 | Source:
Rajat Gupta, a former director of Goldman Sachs Group Inc, has been ordered by a US court to pay $13.9 million in civil penalties, and banned from serving as an officer or director of a public company, for having illegally passed corporate secrets t...
Former Goldman director Rajat Gupta fined, banned in SEC case
Jul 18, 2013 at 15:52 | Source:
Former Goldman Sachs Group Inc director Rajat Gupta was ordered to pay a $13.9 million civil penalty and banned from serving as an officer or director of a public company for having illegally passed corporate secrets to former hedge fund manager Raj...
Rajat Gupta ordered to pay $13.9 mn in SEC insider trading case
Jul 18, 2013 at 09:48 | Source:
Former Goldman Sachs Group Inc. director Rajat Gupta was ordered to pay a $13.9 million civil penalty and banned from serving as an officer or director of a public company for having illegally passed corporate secrets to former hedge fund manager Raj...
Berkshire will no longer sell Bajaj Allianz insurance online
Jul 18, 2013 at 07:47 | Source:
MUMBAI/NEW DELHI: Investment firm Berkshire Hathaway Inc will no longer sell online insurance products offered by BajajAllianz General Insurance for Indian clients, BajajAllianz said on July 17. Bajaj Allianz did not give a reason for the US firm's ...
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...