China and Buffett fuel Wall Street rally, dollar steady| Reuters
Aug 10, 2015 at 23:30 | Source:
SAN FRANCISCO Wall Street rallied on Monday after a major M&A deal and on weak data out of China that boosted hopes for fresh stimulus from Beijing, while expectations of a U.S. interest rate hike kept the dollar near a four-month high.All three ...
Berkshire profit falls 37 percent on investment, insurance slump| Reuters
Aug 08, 2015 at 03:45 | Source:
Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) said on Friday second-quarter profit fell 37 percent, reflecting a significant decline in investment gains and an underwriting loss from insurance.Net income for the Omaha, Nebraska-based insu...
Buffett donates record $2.84 billion to Gates, family charities| Reuters
Jul 06, 2015 at 23:31 | Source:
REUTERS - Warren Buffett on Monday donated about $2.84 billion of Berkshire Hathaway Inc (BRKa.N) stock to the Bill and Melinda Gates Foundation and four family charities, as part of the billionaire's plan to give away nearly all of his wealth.The 10...
News Corp must face Dial, Heinz ad monopoly class action - judge| Reuters
Jun 19, 2015 at 22:45 | Source:
NEW YORK News Corp has been ordered by a Manhattan federal judge to face a class action lawsuit accusing it of monopolizing the market for in-store promotions at some 52,500 retail stores across the United States.U.S. District Judge William Pauley sa...
World's second richest man may want a piece of India's telecom pie
May 28, 2015 at 11:55 | Source:
The Warren Buffett of Mexico and the world's second richest man Carlos Slim maybe eyeing India for his next big investment and theSlim-controlled America Mvil, the world's fourthlargest telecom company by subscriber base, might already have taken its...
Sensex volatility is no reason for panic; smart money isn't going anywhere
May 08, 2015 at 12:46 | Source:
Explaining the markets short-term direction is a mugs game. Even before one has finished explaining why the Bombay Stock Exchange Sensex went down like a stone the other day, today (8 May) it is seems buoyant. After Wednesdays 723-point drop, around ...
Buffett celebrates 50th year at Berkshire, faces tough questions| Reuters
May 03, 2015 at 12:15 | Source:
OMAHA, Neb. (Reuters) - Berkshire Hathaway Inc (BRKa.N) shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire expressed optimism the company would thrive over the long haul, even after he i...
Buffett celebrates 50th year at Berkshire, defends 3G ties| Reuters
May 03, 2015 at 00:30 | Source:
OMAHA, Neb. (Reuters) - Berkshire Hathaway Inc shareholders on Saturday celebrated Warren Buffett's 50th anniversary running the conglomerate, as the billionaire fielded questions about the company and its future, and explained some business practice...
Kingfisher to United Spirits: Charting out the great fall of Vijay Mallya
Apr 27, 2015 at 15:16 | Source:
Vijay Mallya is too much of a stiff upper lip to have ever read the Urdu poet Mirza Ghalib. But if he has, he would know, that one of Ghalib's most famous couplets, fits the current situation that Mallya is in, very well.Sometime in the nineteenth ce...
Apple's Tim Cook plans to give away all his money to charity
Mar 27, 2015 at 10:42 | Source:
Apple Chief Executive Tim Cook is joining the roster of the very rich who are giving away their wealth.Fortune magazine cited the head of the world's largest technology corporation as saying he planned to donate his estimated $785 million fortune to ...
Heinz deal for Kraft expands food larder for Buffett, 3G
Mar 26, 2015 at 04:15 | Source:
(Reuters) - Ketchup maker H.J. Heinz Co, backed by Warren Buffett's Berkshire Hathaway Inc (BRKa.N) and Brazilian private equity firm 3G Capital, will combine with Kraft Foods Group Inc (KRFT.O) in a $46 billion deal to create the third-largest North...
Kraft and Heinz to form North America's No.3 food company
Mar 25, 2015 at 23:45 | Source:
REUTERS - Kraft Foods Group Inc (KRFT.O), the maker of Velveeta cheese, will merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Warren Buffett's Berkshire Hathaway Inc (BRKa.N), to form North America's third-largest food and beverage com...