Latest Warren Buffett News

MacKenzie Scott dominates donations to racial equity

Sep. 17, 2021 13:59 PM EDT

Shock. That’s what Ruth Simmons, the president of a historically Black university in Texas, felt in December when she received a call informing her that the school would be gifted $50 million — many times the size of the previous largest contribution it has received....

Canadian Pacific's acquisition of KCS railroad back on track

Sep. 15, 2021 16:35 PM EDT

OMAHA, Neb. (AP) — After initially getting derailed this spring, Canadian Pacific's $31 billion acquisition of Kansas City Southern is back on track after Canadian National dropped out of the bidding war Wednesday. The deal could still face tough scrutiny from...

Lithium fuels hopes for revival on California's largest lake

Aug. 31, 2021 00:30 AM EDT

CALIPATRIA, Calif. (AP) — Near Southern California’s dying Salton Sea, a canopy next to a geothermal power plant covers large containers of salty water left behind after super-hot liquid is drilled from deep underground to run steam turbines. The containers connect to tubes that spit out...

Lithium fuels hopes for revival on California's largest lake

Aug. 31, 2021 00:28 AM EDT

CALIPATRIA, Calif. (AP) — Near Southern California’s dying Salton Sea, a canopy next to a geothermal power plant covers large vats of salty water left behind after super-hot liquid is drilled from deep underground to run steam turbines. The vats connect to tubes that spit out what looks...

Lithium fuels hopes for revival on California's largest lake

Aug. 30, 2021 19:05 PM EDT

CALIPATRIA, Calif. (AP) — Near Southern California’s dying Salton Sea, a canopy next to a geothermal power plant covers large vats of salty water left behind after super-hot liquid is drilled from deep underground to run steam turbines. The vats connect to tubes that spit out what looks...

Lithium fuels hopes for revival on California's largest lake

Aug. 30, 2021 18:59 PM EDT

CALIPATRIA, Calif. (AP) — Near Southern California’s dying Salton Sea, a canopy next to a geothermal power plant covers large containers of salty water left behind after super-hot liquid is drilled from deep underground to run steam turbines. The containers connect to tubes that spit out...

Home Depot, KB Home fall; Fabrinet, Moderna rise

Aug. 17, 2021 16:28 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Home Depot Inc., down $14.30 to $320.75. The home improvement retailer fell short of analysts' forecasts for a key sales measure during the second quarter. ...

Buffett's firm ups Kroger stake while trimming drug holdings

Aug. 16, 2021 20:19 PM EDT

OMAHA, Neb. (AP) — Billionaire Warren Buffett's company has again increased the size of its bet on grocery giant Kroger, while scaling back several of its health care industry investments. Berkshire Hathaway Inc. said in a quarterly update with regulators Monday that...

Berkshire Hathaway posts 7% gain in 2Q profit

Aug. 07, 2021 15:50 PM EDT

NEW YORK (AP) — Warren Buffett’s Berkshire Hathaway company on Saturday reported a 7% gain in profit for the second quarter, as many of the conglomerate's businesses recovered from the coronavirus pandemic. Berkshire Hathaway, based in Omaha, Nebraska, said it earned...

Prosecutors won't seek retrial in 3 Pilot Flying J cases

Jul. 27, 2021 18:47 PM EDT

NASHVILLE, Tenn. (AP) — Federal prosecutors indicated Tuesday that they won't pursue a new trial against the former president of Pilot Flying J and two of his former employees in connection to a rebate scheme aimed at cheating trucking companies out of millions of dollars. ...