NYSE's 'The Chief' James Maguire Sr. has died at age 86. Warren Buffett called him "the world's greatest specialist."
Sempra Energy upended Buffett's plans to buy Oncor. Transmission companies are attracting investors' attention because they produce a reliable stream of income.
AP Photo/Nati Harnik Berkshire Hathaway Chairman and CEO Warren Buffett, right, and Bill Gates, Microsoft co-founder, sit together during an interview with the Fox Business Network. The Givers: Wealth, Power, and Philanthropy in a New Gilded Ageby David CallahanKnopf This article appears in the Summer 2017 issue of The American Prospect magazine. Show More Summary
Rule No. 1: Never lose money. Rule No. 2: Never forget the first rule. Those rules are from Warren Buffett, a man who knows his dollars from his pennies. But what about us mere mortals? We can read the two rules above and agree all we want, but how do we practice them in everyday life? By following some common sense principles of money management. Show More Summary
There was no hint of buyer’s remorse at Sempra Energy on Monday after the San Diego-based Fortune 500 company outbid storied investor Warren Buffett to acquire a Texas power transmission company — a deal that extends Sempra’s reach well beyond subsidiaries Southern California Gas and San Diego...
They said he couldn’t do it, but the Elliott Management chief found someone to outbid Berkshire. Someone other than himself.
The power company has bested Warren E. Buffett. But the transaction looks rushed and leaves Sempra with undisclosed partners and limited control.
Paul Singer upstages Warren Buffett; Goldman looking for commodities traders who can actually make money; Carl Icahn's DC misadventures; seriously, don't look at your phone while driving; and more.
A San Diego-based power company snatched Texas electrical grid giant Oncor from billionaire investor Warren Buffett.
Sempra Energy is buying Texas power transmitter Oncor for $9.45 billion in cash, wresting it away from Warren Buffett's Berkshire Hathaway. Sempra said Monday that it will also pick up … Click to Continue »
The hedge fund is said to have enough debt in Energy Future Holdings to block Warren Buffett’s bid. Yet the move makes little sense in the absence of an alternative.
Buffett's investment philosophy sounds deceptively simple. "Most people get interested in stocks when everyone else is. The time to get interested is when no one else is."
Paul Singer's Elliott Management sweetened its bid on Energy Future Holdings in a move to block Berkshire Hathaway from buying
Warren Buffett says "wait for your pitch." There's no time limit on waiting. And we know that "it's not the news, it's the reaction." News, and lack of news, cuts both ways. Or, sometimes the knife frosts the cake instead of cutting it. Show More Summary
Warren Buffett cashed out of his $315 million position in General Electric, signaling the end of an era and an uncertain future for the $217 billion conglomerate. The company has underperformed in recent years. While the S&P 500 returned...Show More Summary
He won’t have anything to do with a company that listens to the likes of Nelson Peltz.
Warren Buffett, arguably the world's best known investor, buys 17.46 million shares of Synchrony Financial.
Berkshire Hathaway dumped its entire $315.4 million stake in General Electric in the second quarter, according to filings. The firm owned about 10.6 million shares in the company. GE just recently promoted John Flannery to CEO, as Jeff Immelt stood aside. Show More Summary
Bill Gates, Warren Buffett, and Jeff Bezos may be the richest men in the world, but they aren't the only billionaires. There are 2,043 people across the globe with three commas in their net worths, according to the 2017 Forbes Billionaires list. Show More Summary
Two weeks after the latest consumer scandal involving Warren Buffett's favorite bank, Wells Fargo, broke when the NYT reported that as many as 800,000 people who took out car loans from Wells were also charged for auto insurance they...Show More Summary