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Buffett, Brazil giant team up for Heinz buyoutWarren Buffett and Brazilian financier Jorge Paulo Lemann are teaming up to buy ketchup maker H.J. Heinz Co for $23.2 billion, in what could be the first step of a wave of mergers for the food and More… |
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Global economy slowing says BuffettWarren Buffett sees clear signs that the global economy is slowing, although the US economy is "inching ahead" as other regions decline, the Berkshire Hathaway chief executive officer said on Wednesday. & More… |
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Buffett allays fears; says mulled mega dealWarren Buffett tried to allay fears of Berkshire Hathaway shareholders about the company's future a and revealed that he recently tried to make one of the biggest acquisitions of his career. The question of who will succeed Buffett, 81 More… |
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Buffett builds $10.7bn stake in IBMWarren Buffett said his Berkshire Hathaway has accumulated a 5.5 percent stake in IBM, the billionaire investor's biggest bet in the technology field he has historically shunned. Buffett, in a CNBC interview on Monday, said he had bought a More… |
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Berkshire Hathaway Q3 falls on derivativesWarren Buffett's conglomerate Berkshire Hathaway reported a smaller third-quarter profit on Friday after losing more than $2 billion on derivatives related to stock market performance. That was nearly three times what Berkshire lost on the More… |
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Obama urges higher taxes to curb deficit by $3 trillionPresident Barack Obama, in a rallying call to his Democratic base, will vow on Monday to veto any cuts in Medicare if Congress fails to raise taxes on corporations and wealthy Americans to curb the US deficit. Obama's recommendations to a More… |
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US billionaires pledge fortunes to charityDozens of US billionaires have pledged to give at least half their fortunes to charity as part of a philanthropic campaign by two of the world's richest men -- Warren Buffett and Bill Gates. Based on Forbes magazine's estimates of More… |
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Buffett's Berkshire posts $1.53bn Q1 lossWarren Buffett's Berkshire Hathaway posted a $1.53 billion first quarterly loss since 2001, hurt by losses on derivative contracts, a big investment in the oil company ConocoPhillips, and the weakening economy. The net loss for the Oma More… |
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Swiss Re writes down $5.3bnSwiss Re wrote down 6 billion Swiss francs ($5.25 billion) in toxic assets and said Warren Buffett was investing 3 billion Swiss francs as its shareholder's equity dipped to an uncomfortable level. The world's second-largest reinsu More… |
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Buffett upbeat on AmericaWarren Buffett's $5 billion investment in Goldman Sachs Group is not just a bet on the US financial system, but is also a typical play for perhaps the world's best-known investor: a big bet on a battered blue-chip name. 'We had More… |
