CEO Warren Buffett has been the chief executive officer of Berkshire Hathaway Inc since 1970. He is 76 years old. Follow Mr. Buffett and Berkshire Hathaway Inc in the news and blogs or share your own opinion about the company and its...
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CEO Warren Buffett has been the chief executive officer of Berkshire Hathaway Inc since 1970. He is 76 years old. Follow Mr. Buffett and Berkshire Hathaway Inc in the news and blogs or share your own opinion about the company and its leadership.
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December 1, 2009 Warren Buffett became one of the wealthiest people in the world by making predictions and putting money behind those predictions. Judging by the incredible returns of his holding company Berkshire Hathaway, Buffett and his colleagues are very good at making those predictions. Every time he buys a stock or a business or some other investment, he's forecasting... Read Full Story
Warren Buffett's company has lined up an $8 billion loan to help pay for its $26.3 billion acquisition of Burlington Northern Santa Fe Corp. Berkshire Hathaway Inc. said in documents filed with the Securities and Exchange Commission Thursday that it signed the financing deal with JPMorgan Chase and Wells Fargo on Wednesday. Buffett has said Berkshire, which is based in Omaha, plans to borrow half of the $16 billion cash needed for the deal, and pay back the loan over three years. Berkshire... Read Full Story
In keeping with Warren Buffett’s long-term way of looking at things, we bring back our timeless and time-tested predictions to mark the coming new year.
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Capitalism is still alive and well, say the world's two richest men, despite lingering shocks from the longest, deepest recession since the Great Depression. "The financial panic is behind us," said famed investor Warren Buffett, who recently made what he called an "all-in wager" on the U.S. economy by acquiring railroad Burlington Northern Santa Fe. "The bottom has come in stocks. Don't pass on something that's attractive today." Sitting facing each other in an auditorium filled with nearly... Read Full Story
NEW YORK (Reuters) - Warren Buffett, perhaps the world's most admired investor, said on Thursday the financial panic that gripped the globe last year is a thing of the past, even as the U.S. economy's struggles persist. "The financial panic is behind us," the world's second-richest person said at Columbia University's business school. "Our economy was sputtering, still is sputtering some." Buffett, 79, nevertheless said there is greater opportunity for investments inside the United States... Read Full Story
BUFFETT BAGS ONE
Berkshire Hathaway CEO Warren Buffett has hinted for a while that he was on the prowl for big game. On Nov. 3 he bagged a trophy, laying out $26 billion for all the stock he didn't already own in Burlington Northern Santa Fe, the No. 2 railroad by market cap in the U.S. The deal, valuing BNSF at $34 billion, is the biggest in Berkshire's history and in Buffett's words amounts to "an all-in wager on the economic future of the United States." The price represents roughly... Read Full Story
Warren Buffett unveiled Tuesday a deal to take over Burlington Northern Santa Fe, one of the largest rail operators in North America, calling it a huge bet on the future of the US economy. The billionaire investor's Berkshire Hathaway holding group said it would purchase the 77.4 percent of Burlington Northern Santa Fe (BNSF) that it does not currently own for 100 dollars per share in cash and stock. The offer values the rail operator at 44 billion dollars, including 10 billion dollars in... Read Full Story
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc <BRKa.N> <BRKb.N> on Friday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit. Results were announced three days after Buffett revealed the biggest acquisition in his 44 years running Berkshire, a $26 billion takeover of Burlington Northern Santa Fe Corp <BNI.N>. Berkshire had already owned 23 percent of the nation's... Read Full Story
Standard & Poor's warned Wednesday that Warren Buffett's bid for Burlington Northern Santa Fe Corp. could sap the liquidity and capital position of the legendary investor's insurance operations at Berkshire Hathaway Inc., jeopardizing the company's AAA rating. The ratings agency placed its ratings on Berkshire Hathaway on CreditWatch with negative implications following Berkshire's announcement Tuesday that it will buy Burlington Northern for $26.3 billion. Standard & Poor's said it expects... Read Full Story
Montana political and agricultural leaders hope Berkshire Hathaway's planned purchase of the Burlington Northern Santa Fe railroad will lead to lower shipping costs in Montana, but they doubt much will change. Gov. Brian Schweitzer, a farmer and rancher, said Tuesday he had spoken to both Warren Buffett, chairman of Berkshire Hathaway, and Matthew Rose, BNSF's chairman, president and CEO. "I said to both of them that I look forward to working with both in the future to improve service and... Read Full Story
