Latest Warren Buffett News

Jamaican citizens sue exclusive Yellowstone Club over wages

Oct. 23, 2019 10:58 AM EDT

HELENA, Mont. (AP) — Five Jamaican citizens who were recruited to work at a Montana ski resort for the ultra-rich just north of Yellowstone National Park say they and more than 100 other Jamaicans were discriminated against and paid less than other employees doing the same work. They sued the club and a...

'Just too much': Meet the uber-rich who want a wealth tax

Oct. 22, 2019 12:06 PM EDT

WASHINGTON (AP) — When the grand vacation homes of Newport Beach were empty on a beautiful Memorial Day weekend, Molly Munger decided it was time for the U.S. to consider taxing wealth. As her family's boat moved through the harbor a few years ago, Munger, whose father is a billionaire investor, saw that...

California objects to Berkshire Hathaway's sale of insurer

Oct. 17, 2019 6:51 PM EDT

OMAHA, Neb. (AP) — California regulators are objecting to Berkshire Hathaway's sale of one of its smaller insurance companies, but they may not have much of an argument. The California Department of Insurance said Thursday it is "disturbed" that the sale of Applied Underwriters moved forward without its...

Berkshire Hathaway completes sale of smaller insurance unit

Oct. 16, 2019 12:47 PM EDT

OMAHA, Neb. (AP) — Billionaire Warren Buffett's company has completed the sale of one of its smaller insurance companies. Berkshire Hathaway said in a filing with the Securities and Exchange Commission Tuesday it has sold Applied Underwriters, which sells workers' compensation insurance. Buffett said in...

Kraft Heinz shares fall after key investor dumps holdings

Sep. 17, 2019 11:04 AM EDT

NEW YORK (AP) — Kraft Heinz Co. shares are sliding after one of the company's top investors sold 25 million shares. 3G Capital — a Brazilian private equity firm — reduced its stake in the company by 9%. 3G remains the company's second-largest shareholder. 3G partnered with Berkshire Hathaway...

T. Boone Pickens, oilman and renewables advocate, dies at 91

Sep. 11, 2019 6:39 PM EDT

OKLAHOMA CITY (AP) — T. Boone Pickens, a brash and quotable oil tycoon who grew even wealthier through corporate takeover attempts, died Wednesday. He was 91. Pickens was surrounded by friends and family when he died of natural causes under hospice care at his Dallas home, spokesman Jay Rosser said....

Chinese businesswoman guilty in Mar-a-Lago trespassing case

Sep. 11, 2019 5:30 PM EDT

FORT LAUDERDALE, Fla. (AP) — Yujing Zhang's desire to meet President Donald Trump and his family turned the Chinese businesswoman into an American felon. A 10-woman, two-man federal jury convicted Zhang on Wednesday of trespassing at the president's Mar-a-Lago club in March and lying to Secret Service...

Go ahead, dive inside the mind of Bill Gates. But strap in.

Sep. 11, 2019 11:08 AM EDT

NEW YORK (AP) — There are some things about Bill Gates that are unremarkable. His favorite food: hamburgers. His favorite animal: the dog. But a few minutes into a new TV series on Gates reveals a fascinating insight. The Microsoft co-founder and billionaire philanthropist is asked what his worst fear is....

Prosecutor: Chinese woman lied to get into Mar-a-Lago

Sep. 10, 2019 7:06 PM EDT

FORT LAUDERDALE, Fla. (AP) — A Chinese businesswoman knew an event she planned to attend at President Donald Trump's Mar-a-Lago club had been canceled, but she still wanted to get onto the property and lied to Secret Service agents repeatedly to make that happen, a federal prosecutor told jurors during...

The Latest: Feds: Chinese woman lied to get into Mar-a-Lago

Sep. 10, 2019 6:02 PM EDT

FORT LAUDERDALE, Fla. (AP) — The Latest on the trial of a Chinese businesswoman accused of trespassing at President Donald Trump's Mar-a-Lago club and lying to Secret Service agents (all times local): 6 p.m. A federal prosecutor has told jurors there is no reasonable doubt that a Chinese businesswoman knew...