Berkshire will exchange its Procter & Gamble stake for the battery business as the consumer products conglomerate seeks to shrink.
The Chinese e-commerce company is bigger than a lot of S&P 500 companies. Do you know which ones?
The King is moving north. Burger King insists in the face of consumer ire that it isn’t a tax avoidance deal.
Both powerhouse investors made big bets on Verizon in the first quarter, but Loeb has since sold out of his position in the telecommunications company while Buffett has added nearly 4 million shares to his stake.
Just two dudes chilling out.
The Oracle of Omaha recently sent a letter to a San Francisco pension plan, advising the $20 billion fund not to invest in hedge funds. It’s the latest development in Buffett’s tenuous history with the hedge fund world.
Nelson Peltz’s giant hedge fund is currently holding a position that makes up 11% of the entire $5.8 billion fund’s portfolio, but has not had to reveal what the name of the stock is, even after the quarter’s filing deadline has passed. This isn’t the first time the SEC has allowed the fund, as well as other large managers, to withhold a major filing, and some smaller activist hedge funds are questioning the fairness of the practice.
“Cats, cats are up slightly.” Buffet is an alumnus of the school. (ht Moneybeat)
Plus the SNL quote quiz, the 15 best fast food breakfasts in the country, and 18 big design ideas for small living spaces.
Berkshire Hathaway will insure a $1 billion prize to anyone who accurately picks the winner of every NCAA tournament game this March as part of a competition from mortgage lender Quicken Loans.
How much would YOU pay for William Shatner’s kidney stone?
All you need to is to pick cheap stocks and have access to a very profitable insurance company or two.
Instead of stockpiling pantries, consumers are now buying for just one week at a time. The effects are being felt in the earnings of packaged foods companies like Kellogg and Kraft.
They call their new group the Bunny Boiler and the Low Bidder. Watch out, She & Him.
Bankers, investors and industrial CEOs are not at all happy about this.
Hov sure has a lot of ways to explain his greatness.
The 82-year-old billionaire hung out with Aaron Paul at the show’s final season premiere.
Carl Icahn, the 77-year-old billionaire activist investor, just joined Twitter. Will he tweet more than Warren Buffett?
Investing icon Warren Buffett is his own cottage industry, selling clothes, food and other merchandise imprinted with his face. Who wouldn’t want to wear the mug of a guy worth $53 billion on their moneymaker?
Yes, Warren, you’re one of the richest men in the world. But why’s your wallet in all of these photo ops?
One of the world’s richest men joined Twitter Thursday for an interview. But he didn’t answer some of the best questions.
They played with an Olympian! And used enormous paddles!
For the second year running, Mexican telecom mogul Carlos Slim Helú is in the #1 spot of Forbes’ Rich List. I can’t even conceive of having a billion dollars, let alone $74 billion like Carlos.
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Billionaire Warren Buffett rebutted claims that the Obama administration is unjustly hurting business orders with high taxes by saying that in fact, the wealthy have never had it so good.