Money and Finance
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Warren Buffett Takes 8% Stake in Sears Spinoff Seritage (LINK) Billionaire investor Warren Buffett has taken an 8.02% stake in Seritage Growth Properties Inc., the real-estate company split off from Sears Holdings Corp. earlier this year. Mr. Buffett...
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How levered was John Maynard Keynes' portfolio? (LINK) What Happened When Marissa Mayer Tried to Be Steve Jobs (LINK) Eddie Lampert: Is something a “failure” if other successes come from it? (LINK) THE EVERYTHING BOOK: READING IN THE...
- Berkshire Hathaway Takes $3.7 Billion Stake In Exxon Mobil
Warren Buffett's conglomerate Berkshire Hathaway owned a stake of about 40 million shares in oil major Exxon Mobil as of the end of September, according to an SEC filing on Thursday. Based on the most recently available holdings data, that would be...
- David Sokol Resigns From Berkshire
A top executive of Berkshire Hathaway who was believed to be on the inside track to one day succeed billionaire Warren Buffett as CEO has resigned suddenly. Buffett said Wednesday that David Sokol's resignation letter, delivered by his assistant late...
- Warren Buffett Takes Charge
(Fortune Magazine) -- Warren Buffett is famous for his rules of investing: When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact. You...
Money and Finance
BYD to sell electric car in US in 2010
BYD, the upstart Chinese car company backed by US investment guru Warren Buffett, said on Monday that it would start selling its e6 all-electric sedans in the US next year, a year ahead of schedule.
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Announcing in Hong Kong that the company had nearly doubled first half net profits from a year earlier, Wang Chuanfu, BYD’s chairman, also said he was considering selling more shares to Mr Buffett.
Announcing in Hong Kong that the company had nearly doubled first half net profits from a year earlier, Wang Chuanfu, BYD’s chairman, also said he was considering selling more shares to Mr Buffett.
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MidAmerican Energy Holdings, a unit of Mr Buffett’s Berkshire Hathaway, bought a 10 per cent stake in BYD last September. “MidAmerican has always intended to raise its stake in BYD because it has confidence in the company’s prospects,” Mr Wang said, but added “we are still considering (whether to sell more)”.
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- Links
Warren Buffett Takes 8% Stake in Sears Spinoff Seritage (LINK) Billionaire investor Warren Buffett has taken an 8.02% stake in Seritage Growth Properties Inc., the real-estate company split off from Sears Holdings Corp. earlier this year. Mr. Buffett...
- Links
How levered was John Maynard Keynes' portfolio? (LINK) What Happened When Marissa Mayer Tried to Be Steve Jobs (LINK) Eddie Lampert: Is something a “failure” if other successes come from it? (LINK) THE EVERYTHING BOOK: READING IN THE...
- Berkshire Hathaway Takes $3.7 Billion Stake In Exxon Mobil
Warren Buffett's conglomerate Berkshire Hathaway owned a stake of about 40 million shares in oil major Exxon Mobil as of the end of September, according to an SEC filing on Thursday. Based on the most recently available holdings data, that would be...
- David Sokol Resigns From Berkshire
A top executive of Berkshire Hathaway who was believed to be on the inside track to one day succeed billionaire Warren Buffett as CEO has resigned suddenly. Buffett said Wednesday that David Sokol's resignation letter, delivered by his assistant late...
- Warren Buffett Takes Charge
(Fortune Magazine) -- Warren Buffett is famous for his rules of investing: When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is usually the reputation of the business that remains intact. You...