BYD to Raise $1.9 Billion

The Chinese electric car company BYD, of which Warren Buffett has a partial ownership stake, is looking to issue new shares in order to raise $1.9 billion. In trading on Tuesday, the company shares were halted on the Hong Kong market, and on Monday they were halted on the Shenzhen market, pending the announcement of …

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Buffett to Make $70 Million in Bank Dividends This Year

Many people have reasons to celebrate after a large majority of the United States banks have passed the stress test from the Federal Reserve on Wednesday. This promptly announced plans to raise bank dividends, and the chief beneficiary among them is Warren Buffett. The CEO of Berkshire Hathaway, currently worth around $72.3 billion, will expect …

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Buffett Now Second Richest in the World

After Berkshire Hathaway shares have reached record numbers this past Friday, Warren Buffett has now slid into the second spot as the second richest persons in the world. Currently, Class B shares of Berkshire Hathaway are trading at $152 a share, and this is a 27% increase year to date. The latest rise in price …

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Warren Buffett & Tesco Fiasco

Warren Buffett is known as the Oracle of Omaha for his stock picking prowess. As the CEO of Berkshire Hathaway, he made the company and easy $2 billion by backing up Goldman Sachs when it was in trouble. Buffett also dropped $100 million by backing Tesco. After analyzing Berkshire Hathaway’s Tesco investments, we learned that …

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Buffett & Gates Are Railroad Rivals?

Bill Gates is undoubtedly the richest man in the world. Warren Buffett is the third richest person in the world. But as Thomas Black and Frederick Tomesco of Bloomberg report, even though these polarizing figures are inclined to philanthropy, when it comes to investing in the realm of old-school North American railroads, Buffett and Gates …

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Kellogg Stock Price Climbs As Traders Bet on Buffett Takeover

Options traders have not been this bullish in seven years about Kellogg Co., but speculation is currently increasing that Berkshire Hathaway and Warren Buffett are going to make the company an offer. Last month alone options volume jumped tremendously, and bullish contracts have not been this high since 2007 in relation to bearish ones, according …

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Buffett Tells Us the Biggest Mistake You Can Make in Stocks

In a relatively broad, multi-topic interview that Berkshire Hathaway’s Warren Buffett gave on the CNBC a while back, he told the world what he believed to be the biggest mistake individual investors could make in relation to buying and selling stocks. During this interview, he stated: “I think the worst mistake you can make in …

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Berkshire Hathaway Might Have Lost $300 Million In Moody’s Stock Value

According to Warren Buffett, he claims to follow the specific advice to “never invest in a business you cannot understand.” But he may not have taken his own advice in this instance… During a Congressional hearing a few years ago, Warren Buffett mentioned that he did not necessarily know a lot about the credit rating …

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Warren Buffett Says Bank In Good Shape

Warren Buffett says that US banks are “in the best shape in recent memory,” as he mentions this to Bloomberg News recently. He also believes that they will not cause the next big financial meltdown. As the CEO and chairman of Berkshire Hathaway Inc., based out of Omaha, Nebraska, Warren Buffett has earned billions of …

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BYD, A Buffett-Backed Automaker, Loses 94% Profit On Solar Units And Handsets

BYD Co., which is a Chinese carmaker that Warren Buffett and Berkshire Hathaway own a piece of, said that their first-half profits have plunged by a total of 94%. This profit is being dragged down by their handset units and solar cell units. The net income of this company dropped to 16.3 million yuan, which …

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