Warren Buffett is ready to cash in a nearly five-decade-old investment. The 86-year-old business magnate has listed an ocean-view home in Laguna Beach for sale at $11 million. That’s quite a mark-up from the $150,000 Buffett paid for the property in 1971, property records show. The multilevel home,...
Shares in Unilever are tanking on Monday after fellow consumer goods giant Kraft Heinz terminated a takeover bid for the firm on Sunday. Kraft, which is backed by the legendary investor Warren Buffett, confirmed that it had made an approach to take over Unilever after the Financial Times Alphaville blog had reported it earlier in the day. Show More Summary
For the second time in six months, Warren Buffett's Berkshire Hathaway will invest billions of dollars into the US airline industry. In total, Buffett's investment in American, Delta, United, and Southwest Airlines totals nearly $10Show More Summary
Here's what to watch the week of January 20.
On the heels of unloading a truckload of Walmart stock, bazillionaire Warren Buffett is cutting loose a sweet little piece of Laguna Beach real estate. It's the first time in nearly 50 years that the 3,500-square-foot home has been on the market. Show More Summary
In an ultra-posh gated community Billionaire investor Warren Buffett is selling his beach house in the tony Laguna Beach gated community of Emerald Bay, which counts six community tennis courts, beach volleyball courts, parks, and a pool among its amenities. Show More Summary
To rein in debt and sweeten a $143 billion takeover bid, Kraft’s owners, including Warren Buffett, may need to pitch in to sweeten the bid.
Jorge Paulo Lemann’s company, 3G Capital, has a record of making deals in food and beverage, some with Berkshire Hathaway, the conglomerate led by Warren E. Buffett.
Welcome to Finance Insider, Business Insider's summary of the top stories of the past 24 hours. Kraft Heinz, the consumer giant backed by Brazilian billionaire Jorge Lehmann and Warren Buffett, has made an approach to combine forcesShow More Summary
Each year, Bill and Melinda Gates write a letter about the work they’re doing with the Bill and Melinda Gates Foundation. In 2006, Warren Buffett donated more than billion to their foundation, which effectively doubled its available resources. Show More Summary
Kraft Heinz, the consumer giant backed by Brazilian billionaire Jorge Lehmann and Warren Buffett, has made an approach to combine forces with European peer Unilever. Unilever has rejected the approach, but Kraft said in a statement that...Show More Summary
It is a surprise that Kraft Heinz has set its sights on Unilever, one of Europe's largest conglomerates, with brands ranging from Axe deodorant to Hellmann's mayonnaise, Dove soap, Ben & Jerry's ice cream, SunSilk razor blades and Sun dishwasher fluid. Show More Summary
In the populist age of President Donald Trump - when CEOs are routinely hauled to Washington and browbeaten on live television over an America-first jobs agenda - it makes perfect sense for Kraft Heinz to shock Wall Street and take its ruthless deal-making abroad.
Analysts and business media are having fun with the investors’ equivalent of Brad and Angelina getting together, but it says quite a lot about what's going on behind the curtain at Apple in the real world of operations.
Post Valentine's Day, a proposal went sour. Kraft Heinz, the company created by Warren Buffett and 3G's matchmaking, proposed a merger with Unilever. Unilever (UL) rebuffed Kraft's (KHZ) advances. Kraft climbed 5% to $92 after the proposal, and then dropped to around $87 after the rejection. Show More Summary
These morning train reads reads are running like a fine-tuned machine, despite the fact, that I cannot get NSFW links approved:: • Three Reasons Why Warren Buffett Never Split Berkshire’s $250,000 Stock (MoneyBeat) • The Man Who Broke Ticketmaster: The most infamous ticket scalper of all time used bots to buy millions of tickets. Show More Summary
Unilever shares soared this morning after food conglomerate Kraft-Heinz, backed by Warren Buffett and Brazil's 3G, confirmed it made a £112bn takeover offer for Unilever, leading to a 11% surge in the shares of the London-listed Anglo-Dutch conglomerate, the biggest one day surge since 1987. Show More Summary
Warren Buffett is investing big-time on an industry that he once called a death trap. The billionaire investor’s company, Berkshire Hathaway has upped its investment into Delta Airlines and American Airlines while also purchasing a significant amount of shares of Southwest. Show More Summary
Charlier Munger, the 93 year old billionaire vice chairman of Warren Buffett's Berkshire Hathaway who once said Trump was not "morally qualified" to be President, seems to be warming up to the new administration. Well, at least he doesn't...Show More Summary