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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.

Buffett's Berkshire buys sizable new Exxon Mobil stake

Last Updated: Friday, November 15, 2013, 09:01

Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new USD 3.45 billion stake in Exxon Mobil Corp, after buying 40.1 million shares in the world's largest publicly traded oil company.

Buffett's Berkshire set to get nearly $2.15 bn of Goldman stock

Last Updated: Tuesday, October 01, 2013, 13:21

Warren Buffett's Berkshire Hathaway Inc will receive Goldman Sachs Inc stock worth nearly USD 2.15 billion on Tuesday through warrants acquired as part of a deal originally signed during the depths of the 2008 financial crisis.

Bill Gates tops Forbes list of America's richest again

Last Updated: Monday, September 16, 2013, 23:44

Atop the list for another year was Bill Gates, who at 57 has a net worth of USD 72 billion. He was followed by Warren Buffett, who despite giving away about USD 1 billion last year, was the biggest gainer, adding USD 12.5 billion to bring his fortune to USD 58.5 billion.

‘Oracle of Omaha’ Warren Buffett joins Twitter

Last Updated: Friday, May 03, 2013, 09:48

Investment mogul Warren Buffett joined Twitter on Thursday. Dubbed as the ‘Oracle of Omaha’, he has garnered more than 228,000 followers on the micro-blogging site

Lord Ashcroft to donate half of his 1.2 bn pounds fortune to charity

Last Updated: Sunday, April 21, 2013, 15:48

Billionaire Tory Peer Lord Ashcroft is to pledge at least half of his 1.2 billion pounds fortune to charity as he joins a philanthropic movement led by Warren Buffett and Bill Gates, according to a media report Sunday.

Ashcroft to donate half of his 1.2 billion fortune to charity

Last Updated: Sunday, April 21, 2013, 15:16

Billionaire Tory Peer Lord Ashcroft is to pledge at least half of his 1.2 billion pounds fortune to charity as he joins a philanthropic movement led by Warren Buffett and Bill Gates.