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Warren Buffett’s company buys ketchup maker Heinz

Warren Buffett’s investment powerhouse Berkshire Hathaway and 3G Capital announced Thursday that they would take over venerable US ketchup maker Heinz in a deal valuing the company at $28 billion. The two will pay HJ Heinz shareholders $72.50 per share in cash, a 20 percent premium on Heinz’s Wednesday closing…

Warren Buffett has prostate cancer, but feels ‘great’

WASHINGTON — US tycoon Warren Buffett announced he has early-stage prostate cancer, and indicated he had no intention of stepping down as head of his investment firm Berkshire Hathaway. Buffett, a larger-than-life financier known as the “Oracle of Omaha” for his investment savvy, said: “I feel great.” With his big…

Warren Buffett to invest $5 bn in Bank of America

NEW YORK — Billionaire Warren Buffett’s Berkshire Hathaway will buy $5 billion in preferred shares of beleaguered US banking giant Bank of America, the bank said on Thursday. “Bank of America Corporation announced today that it reached an agreement to sell 50,000 shares of Cumulative Perpetual Preferred Stock with a…

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