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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…
11 more American billionaires join Gates, Buffett charity pledge
Eleven billionaires added their names Tuesday to the effort by Bill Gates and Warren Buffett to donate half their fortunes to charity, bringing the total to 92. The newest members of the club include Netflix chief executive Reed Hastings, Intel co-founder Gordon Moore, and Charles Bronfman, the Canadian-born former head…
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…
Warren Buffett’s cancer treatment over: report
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…
McConnell: Tax code benefits the poor and needs to be changed
Senate Minority Leader Mitch McConnell (R-KY) says that the U.S. tax system is unfair to the wealthiest Americans. “I understand full well that our friends on the other side live to every day to raise taxes,” McConnell told CBS host Charlie Rose on Tuesday. “Almost 70 percent of the federal…
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…
Australian labor unions call for Buffett-style tax on millionaires
Australia’s trade unions said they would call on the government to introduce a millionaires’ tax similar to US President Barack Obama’s so-called “Buffett Rule.” The Australian Council of Trade Unions on Saturday said it wanted to ensure mining billionaires such as Clive Palmer, Andrew Forrestand Gina Rinehart paid a minimum tax on their incomes regardless of how they…
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’…
Stephen King tells rich people upset over tax increases: ‘Tough s**t’
Wealthy Americans adverse to paying higher taxes may have found a new enemy in famous novelist Stephen King, who lashed out at his fellow high income earners Monday afternoon for complaining about a possible increase in their rates. In a brutally candid and colorful op-ed column for The Daily Beast,…
Iowa Republican: ‘Buffett rule’ proof Obama doesn’t ‘love this country’
And now, Gentle Readers, it’s time for another edition of Tea Party Republicans Say the Darnedest Things. On Thursday, April 19 at a Tea Party rally in Lamoni, Iowa, Think Progress reports that Republican Congressional candidate Dan Dolan declared that President Obama’s support of the so-called “Buffett Rule” is proof…
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