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WARREN BUFFETT NEWS

WARREN BUFFETT NEWS

  • U.S. airline stocks, long derided as investment duds, have been gaining altitude in recent years. Now, some see room for them to fly even higher.

     

  • SEC DROPS CASE AGAINST FORMER BERKSHIRE EXECUTIVE SOKOL: LAWYER

    SEC DROPS CASE AGAINST FORMER BERKSHIRE EXECUTIVE SOKOL: LAWYER

    The U.S. securities regulator has decided not to take action against David Sokol, a former top executive at Warren Buffett's Berkshire Hathaway Inc, and has completed its probe into possible insider trading, Sokol's lawyer told Reuters.

     

  • SunPower Corp said it sold two solar projects in California to a company controlled by Warren Buffett's Berkshire Hathaway Inc , and would receive up to $2.5 billion in proceeds and related contracts.

     

  • Mainland Chinese shares hit six-month closing highs on Friday, while Hong Kong crept to its highest close in almost 18 months as investors rotated into Chinese non-financial counters after Beijing raised hopes of quicker sector reforms.

     

  • Mainland Chinese shares extended gains on the week on Friday, while Hong Kong hovered at 17-month highs, with investors rotating into Chinese non-financial counters after official news reports raised hopes of quicker sector reforms in the new year.

     

  • Facebook Inc Chief Executive Mark Zuckerberg is donating half a billion dollars in Facebook stock to a Silicon Valley charity, his second major donation since committing to giving away most of his wealth.

     

  • Warren Buffett's $1.2 billion share buyback from a single unnamed investor likely helped that person's estate save substantially on taxes, just one day after the Berkshire Hathaway CEO said the rich should actually be paying more, not less, when they die.

     

  • A small Swedish financial firm has decided to honour U.S. investment guru Warren Buffett by arranging for an inscription of his words to be carved into rock, the company said on Tuesday.

     

  • One of the largest contemporary art fairs in the world kicked off on Thursday, with the 11th annual Art Basel Miami Beach drawing celebrities, art-gawkers and some of the world's top galleries.

     

  • Sony Corp has been approached by at least three investment banks offering to sell its battery business as the struggling Japanese group looks to offload non-core assets and focus on reviving its consumer electronics business, banking sources said.

     

  • South Korean steelmaker POSCO <005490.KS> is looking for strategic investors in the $1.45 billion stake it has in Australian's iron ore project, Roy Hill, a spokeswoman said on Friday.

     

  • General Motors' financing arm GM Financial has agreed to pay about $4.2 billion for the European and Latin American auto lending operations of Ally Financial, as it looks to extend its in-house financing to boost sales.

     

  • OBAMA PRESSES CASE ON 'FISCAL CLIFF' WITH DIMON, BUFFETT

    OBAMA PRESSES CASE ON 'FISCAL CLIFF' WITH DIMON, BUFFETT

    President Barack Obama's intensive lobbying to avert big year-end tax hikes and spending cuts resumed over the weekend as he spoke with senior corporate chieftains, including JPMorgan Chase's Jamie Dimon and legendary investor Warren Buffett.

     

  • Chery Automobile Co , once China's largest home-grown auto maker, is relying on government subsidies to turn a profit while domestic rivals Great Wall Motor Co <601633.SS> <2333.HK> and Geely Automobile Holdings <0175.HK> pull ahead.

     

  • The "fiscal cliff" sounds like a scary place. Headlines about "taxmaggeddon" are flashing on TV screens, next to clocks ticking down to Jan. 1.

     

  • Jefferies Group Inc is selling itself to Leucadia National Corp , its biggest shareholder, in a deal aimed at reassuring investors it has access to long-term funding.

     

  • In this era of pipelines spanning thousands of miles, the idea of shipping crude across North America in railway cars might seem a quaint throwback to the oil pioneering days of the West.

     

  • Berkshire Hathaway Inc , the conglomerate run by billionaire Warren Buffett, on Friday said its third-quarter profit rose as strength in the railroad and utility businesses, as well as investment gains, offset weaker results in the insurance units.

     

  • WEEK LOW AS DEVELOPERS SINK AGAIN, CHINA UP

    WEEK LOW AS DEVELOPERS SINK AGAIN, CHINA UP

    Hong Kong shares sank to their lowest in almost two weeks on Tuesday, with most local developers slipping further in the wake of fresh curbs on real estate purchases in the territory.

     

  • Hong Kong shares sank to their lowest in almost two weeks on Tuesday, with local developers extending losses in the wake of fresh curbs on real estate purchases in the territory.

     

  • HONG KONG SHARES EASE AS DEVELOPERS SINK AGAIN, CHINA UP

    HONG KONG SHARES EASE AS DEVELOPERS SINK AGAIN, CHINA UP

    Hong Kong shares weakened in morning trading on Tuesday, with local developers slipping further into the red in the wake of curbs on real estate purchases in the territory announced last Friday.

     

  • TransAlta Corp said Friday it was teaming up with Warren Buffett's power generation and pipeline company to seek opportunities for new gas-fired electricity plants to power the booming Alberta oil sands and nascent Pacific Coast LNG export industries.

     

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