News on Warren Buffett

China's BYD sees profit soar on strong auto sales

2010-03-15T04:00:10Z

<div id="subtitle">China's BYD sees profit soar on strong demand for its sedans; vows to expand, diversify</div><div><p>BYD, the Chinese automaker with backing from billionaire Warren Buffett, says its net profit more than tripled last year as the company's F3 sedan topped the country's list of best-selling autos.</p><p>BYD is among several Chinese automakers ...

Buffett, world's 3rd-richest person, gets pay rise

2010-03-11T16:01:12Z

<div><p>NEW YORK (Reuters) - Warren Buffett was awarded total compensation of about $519,490 in 2009 to run Berkshire Hathaway Inc, a 6 percent increase mainly reflecting the higher cost of keeping the world's third-richest person safe.</p><p>According to Berkshire's prox...

Buffett's salary unchanged, but security costs up

2010-03-10T13:46:45Z

<div id="subtitle">Warren Buffett still gets $100K salary at Berkshire Hathaway, but security costs grow to $345K</div><div><p>Warren Buffett brought home less pay than Berkshire Hathaway's chief financial officer again last year, but the company is paying more to protect the billionaire these days.</p><p>Buffett, chairman a...

Munich Re CEO: Buffett stake backs our strategy

2010-03-10T06:46:52Z

<div><p>MUNICH (Reuters) - Munich Re <MUVGn.DE> sees star investor Warren Buffett's stake in the reinsurer as evidence that he backs its long-term strategy aimed at creating stability, Munich Re's chief executive said on Wednesday.</p><p>"He would not have bought in i...

What Warren Buffett said to shareholders

2010-03-01T19:15:23Z

<div id="subtitle">Likes issuing more Berkshire (BRK.A) shares as much as preparing for a colonoscopy</div><div><p>In his annual letter to Berkshire (NYSE: BRK.A) shareholders, Warren Buffett divided Berkshire's (BRK.A) operations in four major groups. </p><p>He praised the managers of his insurance companies for earning bi...

Buffett: Health care "tapeworm" drags on economy

2010-03-01T08:45:29Z

<div><p>NEW YORK, March 1 Reuters) - Warren Buffett said "out of control" health care costs are a "tapeworm" limiting growth in an economy recovering only fitfully from the financial crisis.</p><p>The world's second-richest person called on Washington policymakers to adopt fundamental re...

Buffett says economy recovering but at slow rate

2010-03-01T08:00:14Z

<div><p>Billionaire Warren Buffett said Monday the economy is improving but at a very slow rate and consumers are still not spending much, so job growth will remain slow.</p><p>Buffett appeared on the CNBC cable network for three hours Monday morning — two days after releasing his annual letter to Berkshire Hathaway Chairman and CEO Warren Buffett is interviewed before lunch with officials from Salida Capital, a Canadian Investment firm, in New York. Buffett said Monday, March 1, 2010, health care costs are a major drain on U.S. businesses and act like an "economic tape worm."(AP Photo/Seth Wenig)...

Buffett offers few hints about successors

2010-03-01T05:00:17Z

<div id="subtitle">Warren Buffett says Berkshire's managers and board will protect company once he's gone</div><div><p>Billionaire Warren Buffett says once he is gone, Berkshire Hathaway Inc.'s managers and board members will make sure the company continues to be run as it has been because they believe it is special.</p><p>T...

Paper gains drive Berkshire's profit skyward

2010-02-27T14:45:06Z

<div id="subtitle">Buffett's Berkshire Hathaway reports big jump in 4Q profit on unrealized investment gains</div><div><p>Berkshire Hathaway Inc.'s fourth-quarter profit bounced back sharply, thanks largely to an unrealized $1 billion gain on derivative contracts and investments.</p><p>Warren Buffett's company said Saturday ...

Excerpts from Warren Buffett's annual letter

2010-02-27T14:00:15Z

<div id="subtitle">Excerpts from billionaire Warren Buffett's annual letter to Berkshire Hathaway shareholders</div><div><p>Investor Warren Buffett released his annual letter to Berkshire Hathaway Inc. shareholders Saturday morning. The Berkshire chairman and chief executive spent a large part of the letter explaining the guiding princi...

Buffett: Execs should pay price for risky bets

2010-02-27T13:15:27Z

<div id="subtitle">Buffett criticizes business world where shareholders hurt more than execs when risky bets fail</div><div><p>Billionaire Warren Buffett, in his annual letter to shareholders, sternly urged companies to develop harsh penalties for executives who get into trouble with risky investments.</p><p>Buffett's Berkshire ...

Buffett defends using stock in Burlington takeover

2010-02-27T12:00:31Z

<div><p>NEW YORK (Reuters) - Warren Buffett defended his issuance of $10.6 billion of Berkshire Hathaway Inc <BRKa.N> <BRKb.N> stock as part of this month's acquisition of Berkshire Hathaway Chairman and CEO Warren Buffett, right, and Salida Capital CEO Courtenay Wolfe are interviewed before lunch Monday, Feb. 22, 2010, in New York. Salida Capital, a Canadian investment firm, paid $1.68 million last year to win lunch with the billionaire investor, whose annual charity lunch auctions benefit the

Berkshire net rises, Buffett sees housing rebound

2010-02-27T12:00:21Z

<div><p>NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc said fourth-quarter profit surged, helped by derivatives bets tied to global stock markets, though operating profit fell 40 percent as the weakened economy weighed on several businesses.</p>...

Buffett: Bailouts not just for CEOs

2010-02-27T10:45:15Z

<div><p>NEW YORK (Reuters) - Warren Buffett has said the hundreds of billions of dollars of taxpayer-funded bailouts of corporate America will eventually pay off.</p><p>But he thinks they shouldn't pay off for the wealthy people whose carelessness or ignorance made them necessary.</p>&...

Berkshire Hathaway net profit rises

2010-02-27T08:16:35Z

<div><p>Renowned US investor Warren Buffett's holding company Berkshire Hathaway said Saturday its annual profit surged although its operating profit lagged behind dividends in the S&P 500.</p><p>For all of 2009, the group's profit rose 61.2 percent from a year earlier to...

Buffett Letter

2010-02-27T05:45:26Z

FILE - In this Feb. 22, 2010 file photo, Berkshire Hathaway Chairman and CEO Warren Buffett is interviewed before lunch with officials from Salida Capital, at Smith and Wollensky in New York. (AP Photo/Seth Wenig, file)

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Buffett letter has big audience as Berkshire bulges

2010-02-25T08:15:25Z

<div><p>NEW YORK (Reuters) - Unlike many corporate chiefs, Warren Buffett often plays down the prospects of his company Berkshire Hathaway Inc <BRKa.N> <BRKb.N>, while trying to keep investors focused on the long term.</p><p>...

Berkshire reveals several changes in investments

2010-02-22T09:09:50Z

<div><p>Billionaire Warren Buffett's company reduced its holdings in Johnson &amp; Johnson, Proctor &amp; Gamble, ConocoPhillips and Exxon Mobil Corp. during the last three months of 2009, according to documents filed Tuesday.</p&g...