Obama Still Likes Buffett after Avoiding Taxes

As the third richest person in the world, Warren Buffett is estimated to be worth $71 billion, yet he has the ability to exploit a loophole that allows him to pay an incredibly low amount in federal taxes. In Barron’s this week they shed light on why Buffett has been able to evade the snare …

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Buffett’s Broker Retires From Citigroup after 30 Plus Years

After working in Chicago as Warren Buffett’s stockbroker for more than 30 years, John Freund, managing director at Citigroup, is finally retiring from the bank by the end of March, said the company. The 69-year-old Freund only made the headlines one time: he altered the succession plan course at Berkshire Hathaway after he accidentally warned …

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How Falling Oil Prices Could Hurt & Help Warren Buffett

During the last time the price of oil fell below $50 a barrel, Warren Buffett certainly showed his guilt. At the time Buffett purchased shares of Conoco Phillips for billions of dollars while it was nearing its peak in 2008, then out of nowhere crude oil prices and the energy company shares fell in value …

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Berkshire Hathaway Get Strong Buy Rating

Due to a number of expansions in the insurance business, plus recent acquisitions and a strong third-quarter, Zacks earnings estimates were given an upward revision. In the last 60 days, the 2014 Zacks Consensus Estimate moved up by 1.4%. And for the 2015 estimate, it also moved up by the same consensus estimate amount. The …

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Weatherford Selling Units to Lubrizol for $825 Million

Weatherford International, the Swiss oilfield equipment provider, intends to sell its drilling fluids and chemistry businesses to Berkshire Hathaway owned Lubrizol for $825 million in cash, plus the possibility of a potential earn out. The sale, announced today, will give the company an additional influx of $750 million worth of cash plus depending on the …

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Why Buffett Does Not Sell

Berkshire Hathaway – holding company of billionaire investor Warren Buffett – currently has 56 majority-owned businesses in their portfolio. Some of these are quite new, like the 2010 Lubrizol acquisition. On the other hand, they’ve had some for quite a while. They’ve had the National Indemnity Company on the books since 1967. They’ve bought scores …

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Berkshire Hathaway Buying Phillips 66 Unit

Berkshire Hathaway – Warren Buffett’s company – has come to an agreement where they will trade roughly $1.4 billion of stock that it has in Phillips 66, and receive one of the chemical businesses from the refiner. On Monday, the Houston-based Phillips 66 mentioned that Berkshire Hathaway is going to give up about 19 million …

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It’s A Buffett Kind Of Deal

It’s almost crazy to mention that you have regular deals, and then you have Warren buffet style deals. And when looking at a Warren buffet style deal, the acquisition of H.J. Heinz for $23 billion certainly fits the bill. Warren Buffett is known specifically for choosing a target that he like to buy, letting them …

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Warren Buffett Feels Optimistic About Housing And Railroads

Berkshire Hathaway, whose chairman is Warren Buffett, recently saw their profits fall around 9% due to losses that they received from their derivatives portfolio. You must understand that the derivative losses are actually unrealized (meaning that the position hasn’t been sold yet) since they are long-term positions in European, Japanese and United States equity markets. …

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