Buffett’s ‘Big Mistake’ Winds Up in Bankruptcy Court

Nobody was very surprised on Tuesday when the ailing electric company, Energy Future Holdings Corp., filed for bankruptcy. The firm, backed by private equity, which distinctly owns that it is the largest ever leveraged buyout, has currently been negotiating with creditors for a while and it was just a matter of time before they filed. …

Continue reading ‘Buffett’s ‘Big Mistake’ Winds Up in Bankruptcy Court’ »

Warren Buffett Buys Oriental Trading Company

Billionaire investor Warren Buffett already owns companies related to insurance, newspapers, jewelry and many other areas of interest. Now you can add party planning to the mix since Berkshire Hathaway and the 82-year-old investor will soon acquire Oriental Trading Co. We learned this past Friday from Warren Buffett that Berkshire Hathaway Inc., his investment firm, …

Continue reading ‘Warren Buffett Buys Oriental Trading Company’ »