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Warren Buffett chides ‘hand wringing’ bosses in shareholders letter
Berkshire Hathaway’s billionaire investment guru says he is looking for more American acquisitions and others should do the same Billionaire investor Warren Buffett admonished “hand wringing” bosses on Friday for failing to have faith in the US economy. In his annual letter to shareholders. Buffett, chairman of the Berkshire Hathaway…
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…
Report: Billionaire Buffett finishes cancer treatment
Billionaire investor Warren Buffett has completed radiation treatment for prostate cancer, according to a newspaper owned by the larger-than-life financier. “It’s a great day for me. Today I had my 44th and last day of radiation,” the tycoon told executives of newspapers he recently acquired on Friday, according to a…
Billionaire Warren Buffett buys small newspaper chain
Billionaire Warren Buffett’s holding company unveiled plans Thursday to pour millions into a chain of small newspapers, saying they represent “an important institution” for communities. A subsidiary of Buffett’s Berkshire Hathaway, BH Media Group, will purchase all of the newspapers owned by Media General, with the exception of the Tampa…
Buffett jokes with shareholders after cancer diagnosis
WASHINGTON — Billionaire Warren Buffett, who announced last month he has been diagnosed with early-stage prostate cancer, on Saturday joked about his health and told shareholders: “I feel terrific.” “I have four doctors, at least a few own Berkshire Hathaway” stock, he said with a smile at the yearly stockholders’…
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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