Friday 25 April 2014
 
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Warren Buffett

Berkshire net profit surges 31pc

Warren Buffett's conglomerate Berkshire Hathaway posted a record profit in 2013, jumping 31 per cent over the previous year, the company said in its annual report. Profit for the full year rose to $19.5 billion from $14.8 bill

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Buffett dumps Dish, ups stake in Goldman

Warren Buffett's Berkshire Hathaway eliminated its stake in Dish Network Corp in the fourth quarter and added a stake in financial giant Goldman Sachs, according to a regulatory filing on Friday. Berkshire had taken the Dish p

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Berkshire buys key Exxon Mobil stake

Warren Buffett's Berkshire Hathaway has disclosed a new $3.45 billion stake in Exxon Mobil Corporation, after buying 40.1 million shares in the world's largest publicly traded oil company. Although the investment represent

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Berkshire Hathaway Q1 profit surges 51pc

Warren Buffett's Berkshire Hathaway Inc said its quarterly profit rose nearly 51 per cent on a solid performance in insurance and by many of its other businesses, as well as gains from investments and derivatives. The results

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Warren Buffett has prostate cancer

Berkshire Hathaway chief executive Warren Buffett disclosed on Tuesday that he has stage one prostate cancer but said his condition" is not remotely life-threatening or even debilitating in any meaningful way."     

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Buffett plans to buy more firms, stocks

Warren Buffett said he is still eager to buy companies and stocks, even as his conglomerate Berkshire Hathaway launches its first-ever share buyback programme. Buffett, in a CNBC interview, said on Friday the repurchases will not stop the

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Buffett company profit plunges on Japan quake

Warren Buffett's conglomerate Berkshire Hathaway reported a smaller profit for the first quarter, as reinsurance losses from the March 11 earthquake in Japan dragged down results. But the company's quarterly report made no mention

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Buffett heir apparent quits after stock purchases

The man widely seen as the leading successor to Warren Buffett at Berkshire Hathaway has resigned after buying shares in chemical company Lubrizol Corp before pushing Buffett to acquire it. David Sokol's resignation is a reputational blow

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Warren Buffet unveils big acquisition plans

Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway shareholders yesterday. Buffett gave an aggressive earnings forecast for Be

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More billionaires vow to give away wealth

Another 17 US billionaires, including Facebook co-founders Mark Zuckerberg and Dustin Moskovitz, have pledged to give away at least half their fortunes in a philanthropic campaign led by Warren Buffett and Bill Gates. A total of 57 billion

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