Warren Buffett

Billionaire Warren Buffett's company bought a nearly $60 million stake in Exxon Mobil Corp., trimmed holdings in oil rival ConocoPhillips and nearly doubled its stake in Wal-Mart Stores Inc. during the latest quarter. Omaha-based Berkshire Hathaway Inc. disclosed the changes to its $59.7 billion U.S. stock portfolio in a Securities and Exchange Commission filing Monday. During the quarter ended Sept. 30, Berkshire Hathaway bought nearly 855,000 shares of Exxon Mobil. Its stake in ConocoPhillips was cut from more than 64 million shares at the end of June to more than 57 million shares, valued at nearly $2.6 billion. Berkshire Hathaway's stake in Wal-Mart, valued ... Read Full Story

NEW YORK (Reuters) - Billionaire Warren Buffett's Berkshire Hathaway Inc <BRKa.N><BRKb.N> on Monday revealed new investments in Nestle AG <NESN.VX> <NSRGY.PK> and Exxon Mobil Corp <XOM.N> and that it has nearly doubled its investment in Wal-Mart Stores Inc <WMT.N>. In a U.S. Securities and Exchange Commission filing reporting U.S.-listed equity holdings as of September 30, Berkshire said it held 3.4 million American depositary receipts of Nestle, the world's largest foodmaker, worth $144.7 million. It also reported owning 1.28 million shares of Exxon Mobil, the world's largest oil company, valued at $87.6 million. Berkshire also boosted its stake in Wal-Mart, the world's largest retailer, 90 ... Read Full Story

NEW YORK (Reuters) - Billionaire Warren Buffett said that while his businesses have bottomed after the worst financial crisis in decades, he saw few upticks and ruled out a buoyant holiday season. Consumer demand will recover and it is likely that the economy would come back in two years rather than in one, Buffett said during an interview with Charlie Rose. "Our businesses, they've bottomed ... (there are) very few upticks," said Buffett, the world's second richest man, in response to Rose's question about whether the "economic panic" is over. Last month, preliminary government data showed the U.S. economy expanded in the third quarter, ... Read Full Story

Billionaires Warren Buffett and Bill Gates will meet with Columbia University business students on Thursday and answer their questions about business and life. The world's two-richest men planned this forum at Columbia because Buffett earned his master's degree there in 1951. This will be the third such forum the two friends have done. In 2005, Gates and Buffett met with students at the University of Nebraska-Lincoln where Buffett earned his bachelor's degree. The pair answered questions in 1998 from University of Washington business students near Gates' home in Medina, Wash. Buffett, the chairman of investment company Berkshire Hathaway, also regular meets with groups of ... Read Full Story

Billionaire Warren Buffett likes to compare his company to a masterpiece that he's been painting for nearly five decades, and the deal he announced Tuesday will permanently alter the color of Berkshire Hathaway Inc.'s portrait. The 79-year-old investor plans to add a brilliant orange section to the painting for the brightly colored locomotives of Burlington Northern Santa Fe Corp. that Berkshire will acquire in a $34 billion cash and stock deal. It will be the biggest deal yet in a career of big deals. Buffett described it as an "all-in wager on the economic future of the United States," but it's also transformative for ... Read Full Story