Oracle of Omaha news stories on Newser

Buffett Bets on Recovery, Buys Burlington for $26B

Kevin Spak — Tue, 03 Nov 2009 08:41:13 CST

Berkshire Hathaway has agreed to buy up the 77.4% of railroad operator Burlington Northern Santa Fe it didn’t already own for $26 billion, in what would be Warren Buffett’s largest acquisition ever. “It’s an all-in wager on the economic future of the United States,” says Buffett. “I love those...

Buffett: US 'Doing the Right Things'

Sat, 02 May 2009 10:55:15 CDT

Warren Buffett said today the US government is taking the correct actions to help the economy recover. "The government is doing the right things," Buffett said before the opening of Berkshire Hathaway's annual shareholder meeting. "They're acting in a countercyclical manner." But he said he can't predict how quickly the...

Financial 'Pearl Harbor' Is Past, Says Buffett

Harry Kimball — Fri, 01 May 2009 14:05:01 CDT

The Oracle of Omaha still sees tough times ahead for the US economy, but he says he thinks the worst is in the past, CNCBC reports. “We’re at a war now to some degree, but Pearl Harbor was September,” Warren Buffett says. “There was a strike at the heart of...

Economy Has 'Fallen Off a Cliff': Buffett

Clay Dillow — Mon, 09 Mar 2009 08:25:00 CDT

Warren Buffett said today the US economy has “fallen off a cliff,” but guaranteed that 5 years from now “the machine will be running fine.” On CNBC, Buffett encouraged banks to “get back to banking,” saying they will have to earn their way out of the crisis. Also key, the...

Brutal Market Doesn't Spare Buffett

Rob Quinn — Thu, 20 Nov 2008 03:53:09 CST

The "Oracle of Omaha" is proving even he's not immune from market blows, reports Bloomberg. Warren Buffet's Berkshire Hathaway took a 12% nosedive yesterday, its biggest one-day fall since 1987's Black Monday. The conglomerate is down 41% for the year and has been dropping steadily for eight days after announcing...

Buffett: I'm Buying American. You Should Be, Too.

Clay Dillow — Fri, 17 Oct 2008 09:32:33 CDT

“I’ve been buying American stocks,” Warren Buffett writes in the New York Times , and he'd like to see a stampede of others following suit. Sure, the financial system is a mess, global economies are faltering, unemployment is rising, and headlines will continue to terrorize markets. But markets will repair themselves,...

Market Meltdown Reshapes Forbes Rich List

Clay Dillow — Fri, 10 Oct 2008 12:15:01 CDT

The mortgage meltdown has certainly hit middle-class Americans hard but hasn't spared the uber-wealthy, Bloomberg reports. Las Vegas Sands CEO Sheldon Adelson’s net worth shed $4 billion between Aug. 29 and Oct. 1, for instance, while Warren Buffett overtook Bill Gates, whose net worth declined $1.5 billion, as the...

Women Tower in Buffett's Biography

Kevin Spak — Wed, 24 Sep 2008 15:00:06 CDT

Warren Buffett’s personal life is a lot messier than his balance sheet, according to a biography. In The Snowball: Warren Buffet and the Business of Life , which hits stores Monday, the Oracle of Omaha for the first time cooperates with a biographer, producing a revealing look at the folksy billionaire,...

Buffett Strikes as Investors Flee; Buys Energy Firm

Clay Dillow — Fri, 19 Sep 2008 10:01:02 CDT

Warren Buffett swooped in yesterday with one of his patented moves, his first during the current market turmoil. He purchased Constellation Energy Group, Baltimore’s large hometown energy supplier, after its stock plummeted by 60 percent since Monday, the Sun reports. As investors fled the company, Buffett saw opportunity, adding to...