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Billionaire trio unite for US immigration reform

Last Updated: Saturday, July 12, 2014, 14:58

Three of the world`s richest men Bill Gates, Warren Buffett and Sheldon Adelson put aside their political differences to unite in scathing condemnation of US lawmakers` failure to implement immigration reform.

Buffett's Berkshire Hathaway buys stake in Verizon, adds to Wal-Mart

Last Updated: Friday, May 16, 2014, 11:14

Warren Buffett`s Berkshire Hathaway Inc bought a new stake of 11 million shares in Verizon Communications Inc in the first quarter and added to its holding in Wal-Mart Stores Inc, according to a regulatory filing on Thursday.

Bill Gates could be world's first trillionaire

Last Updated: Wednesday, May 07, 2014, 17:42

Microsoft founder Bill Gates, who currently holds the title of world's richest man with a fortune of 79.5 billion dollars, could become world's first trillionaire, according to financial forecasters.

Buffett defends Coke, BNSF at Berkshire annual meeting

Last Updated: Sunday, May 04, 2014, 10:51

Warren Buffett on Saturday defended his recent controversial vote on executive pay at Coca-Cola Co and disappointing performance at railroad BNSF, as investors grilled him on his Berkshire Hathaway Inc conglomerate at its annual shareholder meeting.

Buffett opposes broader disclosures on executive pay

Last Updated: Sunday, May 04, 2014, 05:39

Warren Buffett on Saturday said he opposes requiring companies to start listing their top earners in proxy statements, rather than top executives, saying it can actually hurt investors by driving salaries higher.

Berkshire quarterly profit hurt by winter weather, insurance

Last Updated: Saturday, May 03, 2014, 10:25

Warren Buffett`s Berkshire Hathaway Inc on Friday said quarterly profit declined 4 percent, falling short of analyst forecasts, as earnings from insurance underwriting declined and bad weather disrupted shipping at its BNSF Railway unit.

Berkshire opposes dividend proposal; Buffett, Gates get pay rises

Last Updated: Sunday, March 16, 2014, 23:12

Warren Buffett`s Berkshire Hathaway Inc has urged shareholders to vote against a proposal that it consider spending some of its USD 48.2 billion of cash on a "meaningful" dividend.

Ajit Jain's mind an 'idea factory': Warren Buffett

Last Updated: Sunday, March 02, 2014, 14:51

Continuing to shower praise on him, billionaire investor Warren Buffett has said Ajit Jain's mind is an "idea factory" that always looks to add more lines of business to his current assortment.

Upbeat Buffett eyes big acquisitions after record Berkshire profit

Last Updated: Saturday, March 01, 2014, 23:23

"America`s best days lie ahead," Buffett, 83, said in his annual letter to Berkshire shareholders.

Buffett's Berkshire dumps stake in Dish, Glaxo

Last Updated: Saturday, February 15, 2014, 13:23

Warren Buffett's Berkshire Hathaway Inc eliminated its stake in Dish Network Corp in the fourth quarter and added a stake in financial giant Goldman Sachs, according to a regulatory filing on Friday.

POSCO Q4 profit misses forecast on stronger won, weak demand

Last Updated: Tuesday, January 28, 2014, 14:41

South Korean steelmaker POSCO , backed by billionaire investor Warren Buffett, reported a smaller-than-expected 29 percent gain in quarterly operating profit as the stronger won and weak demand sapped steel prices.

Buffett adds $37 mn per day in his fortune in 2013

Last Updated: Wednesday, December 18, 2013, 14:44

American business magnate Warren Buffett made a fortunes of about USD 37 million per day in 2013, according to Wealth-X, making him the billionaire who made the most money this year.