On paper, the loss of US$1.168 billion resulted from the share price decline of the blue chip stock IBM.
Tags: Warren Buffett
Buffett Rebuffs Suntech Rumor
Buffett denies speculation that Suntech is in the list of acquisitions of MidAmerican Energy. The chairman of Berkshire Hathaway, Warren Buffett has indicated that he has no plans to purchase Suntech Power Holdings Co.
Buffett Announces Berkshire Record Earnings
Berkshire Hathaway reports record earnings for its shareholders in meeting with Warren Buffett. In the announcement during its shareholders meeting held at Omaha, Nebraska last Friday, Warren Buffett said that quarterly profit rose nearly 51% on solid performance of its investments in insurance and other businesses, together with revenues from derivatives.
No IBM Share Sale - Buffett
From Omaha, Nebraska, Warren Buffett said he won't sell IBM shares despite missed earnings expectations for the quarter.
Berkshire Hathaway lowers shareholdings in Tesco
Berkshire lowers interest in Tesco from 5.08% to 4.98%. Berkshire Hathaway, the firm of billionaire investor Warren Buffet, has reduced its shareholdings in Tesco Plc to 4.
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No one is safe without the numbers, message sent to industry by Heinz buyout. The buyout of H. J. Heinz by Warren Buffett's Berkshire Hathaway and others have placed many food executives of known brands properly warned that they either shape up or be shipped out.
In a letter to publishers and editors, Warren Buffett said Berkshire Hathaway will probably purchase more newspapers in a few years.
