AP images; Steve Marcus / Reuters Samsung chairman Lee Kun-hee died Sunday at the age of 78. The boss of the South Korean group once considered Warren Buffett as a shareholder. Buffett, a billionaire investor and CEO of Berkshire Hathaway, has made “hundreds of millions” from a rare overseas bet …
Read More »
Alex Wong / Getty Images Warren Buffett invested બેંક 5 billion in Bank of America in August 2011, providing a crucial vote of confidence and cash to the struggling lender. The famed investor and CEO of Berkshire Hathaway had the idea to invest while taking a bath, and was initially …
Read More »
U.S. Treasury Secretary Henry Paulson (L) shares a laugh with Berkshire Hathaway Chairman and CEO Financier Warren Buffett at the March 13, 2007 conference on U.S. Capital Market Competitiveness in Washington. Reuters / Jim Young Warren Buffett called Treasury Secretary Hank Poulson at the height of the 2008 financial crisis, …
Read More »
Mario Anzuoni / Reuters Berkshire Hathaway’s Warren Buffett saw an 11% drop in revenue in the second quarter, but nearly $ 30 billion in year-on-year investment gains meant its net income grew 86% to $ 26.3 billion. The investor’s famous conglomerate reported $ 13 billion in net sales last year, …
Read More »
Tolga Akmen / Getty The chief economists at the Bank of England and the European Central Bank are indicating that it may be time to back off from injecting massive amounts of economic stimulus into the economies. Trade indicators seem to suggest that the world economies and the UK have …
Read More »