SCHOOL CLOSINGS
Billion-dollar donation from Netflix's Reed Hastings leads 2024's list of biggest gifts
Read full article: Billion-dollar donation from Netflix's Reed Hastings leads 2024's list of biggest giftsNetflix co-founder Reed Hastings and former New York City mayor Michael Bloomberg made the largest contributions in 2024, and financial aid, especially for medical students, got most of the money.
Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death
Read full article: Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his deathInvestor Warren Buffett renewed his Thanksgiving tradition of giving by handing out more than $1.1 billion of Berkshire Hathaway stock to four of his family's foundations Monday, and he offered new details about who will be handing out the rest of his fortune after his death.
Warren Buffett is sitting on over $325 billion cash as Berkshire Hathaway keeps selling Apple stock
Read full article: Warren Buffett is sitting on over $325 billion cash as Berkshire Hathaway keeps selling Apple stockWarren Buffett is now sitting on more than $325 billion cash after continuing to unload billions of dollars worth of Apple and Bank of America shares this year and continuing to collect a steady stream of profits from all of Berkshire Hathaway’s assorted businesses without finding any major acquisitions.
Bill Gates calls for more aid to go to Africa and for debt relief for burdened countries
Read full article: Bill Gates calls for more aid to go to Africa and for debt relief for burdened countriesThe billionaire Microsoft co-founder and philanthropist Bill Gates thinks the richest governments should increase their support for African countries.
The next generation of Buffetts is poised to become one of the biggest forces in philanthropy
Read full article: The next generation of Buffetts is poised to become one of the biggest forces in philanthropyWhen the legendary businessman and leader of Berkshire Hathaway, Warren Buffett, eventually passes away, the next generation of Buffetts — Howard, Susie and Peter — are poised to become one of the most powerful forces in philanthropy.
Warren Buffett's firm sells another $1 billion of Bank of America stock but still holds almost 12%
Read full article: Warren Buffett's firm sells another $1 billion of Bank of America stock but still holds almost 12%Investor Warren Buffett's company has unloaded more of its Bank of America stake, selling nearly 25 million shares worth almost $1 billion over the past week.
Warren Buffett details Berkshire's Apple, Chevron and Capital One sales while also buying more Chubb
Read full article: Warren Buffett details Berkshire's Apple, Chevron and Capital One sales while also buying more ChubbWarren Buffett has offered more details about all the stocks he has been selling lately, including confirming that he sold more than 389 million Apple shares during the second quarter.
Warren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake in second quarter
Read full article: Warren Buffett surprises by slashing Berkshire Hathaway's longtime Apple stake in second quarterBillionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market because the investor is so revered and there had been little positive financial news lately.
Technical issues briefly halt trading for some NYSE stocks in the latest glitch to hit Wall Street
Read full article: Technical issues briefly halt trading for some NYSE stocks in the latest glitch to hit Wall StreetA technical issue caused the temporary halt for dozens of stocks listed on the New York Stock Exchange Monday, including at least one whose price briefly fell nearly 100%.
Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning week
Read full article: Stock market today: Dow finishes above 40,000 to cap Wall Street’s latest winning weekThe Dow Jones Industrial Average finished a day above the 40,000 level for the first time as U.S. stock indexes drifted around their record heights to close their latest winning week.
Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questions
Read full article: Berkshire Hathaway event gives good view of Warren Buffett's successor but also raises new questionsThis year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone.
Warren Buffett's company rejects proposals, but it faces lawsuit over how it handled one last year
Read full article: Warren Buffett's company rejects proposals, but it faces lawsuit over how it handled one last yearShareholder proposals are usually uneventful at Berkshire Hathaway’s annual meeting, but Warren Buffett and the company are now facing a lawsuit over the way one presenter was treated last year.
Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuits
Read full article: Berkshire Hathaway's real estate firm to pay $250 million to settle real estate commission lawsuitsA real estate company owned by Warren Buffett’s Berkshire Hathaway has agreed to pay $250 million to settle lawsuits nationwide.
BNSF becomes 2nd major railroad to sign on to anonymous federal safety hotline for some workers
Read full article: BNSF becomes 2nd major railroad to sign on to anonymous federal safety hotline for some workersBNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline.
BNSF Railway says it didn't know about asbestos that's killed hundreds in Montana town
Read full article: BNSF Railway says it didn't know about asbestos that's killed hundreds in Montana townBNSF Railway attorneys told Montana that the railroad should not be held liable for the lung cancer deaths of two former residents of an asbestos-contaminated Montana town.
Asbestos victims in Montana want Buffett's railroad company held responsible
Read full article: Asbestos victims in Montana want Buffett's railroad company held responsibleAn attorney for two people who died of a rare lung cancer is urging a jury to hold BNSF Railway responsible for pollution in a small Montana town near the U.S.-Canada border.
Victims of Montana asbestos pollution that killed hundreds take Warren Buffett's railroad to court
Read full article: Victims of Montana asbestos pollution that killed hundreds take Warren Buffett's railroad to courtIt's been almost 25 years since federal authorities, responding to news reports of deaths and illnesses, descended on the small northwestern Montana town of Libby to clean it up.
Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
Read full article: Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and serviceThe latest rail layoffs this week, combined with an investment fund's ongoing campaign for control of Norfolk Southern, are renewing concerns among unions and regulators about all the cuts hurting safety and service.
A collection of the insights Warren Buffett offered in his annual letter Saturday
Read full article: A collection of the insights Warren Buffett offered in his annual letter SaturdayBillionaire Warren Buffett is known as one of the world’s greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing.
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Read full article: Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successesWarren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he’s received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisers who urge them to trade often.
The world could get its first trillionaire within 10 years, anti-poverty group Oxfam says
Read full article: The world could get its first trillionaire within 10 years, anti-poverty group Oxfam saysThe anti-poverty organization Oxfam International says the world could have its first trillionaire within a decade.
Clock ticking for Haslam family to sell stake in Pilot truck stops to Berkshire Hathaway this year
Read full article: Clock ticking for Haslam family to sell stake in Pilot truck stops to Berkshire Hathaway this yearThe clock is ticking for Cleveland Browns owner Jimmy Haslam and his family to decide whether to sell their remaining stake in the Pilot truck stop chain to fellow billionaire Warren Buffet's Berkshire Hathaway company.
Warren Buffett, James Simons and Phil Knight are among the top charity donors of 2023
Read full article: Warren Buffett, James Simons and Phil Knight are among the top charity donors of 2023Investment guru Warren Buffett topped The Chronicle of Philanthropy's annual list of the biggest charitable donations in 2023, with his $541.5 million gift to the Susan Thompson Buffett Foundation, named for his first wife, who died in 2004.
Berkshire can't use bribery allegations against Haslam in Pilot truck stop chain accounting dispute
Read full article: Berkshire can't use bribery allegations against Haslam in Pilot truck stop chain accounting disputeA Delaware judge says Warren Buffett’s Berkshire Hathaway will not be allowed to use allegations that billionaire Jimmy Haslam tried to bribe employees at the Pilot truck stop chain as Berkshire defends itself in a trial over Pilot’s accounting practices.
Haslam family denies allegation from Warren Buffett's company that it bribed truck stop chain execs
Read full article: Haslam family denies allegation from Warren Buffett's company that it bribed truck stop chain execsAn attorney for the billionaire Haslam family has called the bribery allegations from Warren Buffett’s company a “wild invention."
Buffett's Berkshire Hathaway says Haslams offered bribes to inflate Pilot truck stops earnings
Read full article: Buffett's Berkshire Hathaway says Haslams offered bribes to inflate Pilot truck stops earningsWarren Buffett’s Berkshire Hathaway says the billionaire Haslam family tried to bribe at least 15 executives at the Pilot truck stop chain with millions of dollars to get them to inflate the company’s profits this year because that would force Berkshire to pay more for the Haslams’ remaining 20% stake in the company.
Warren Buffett's firm reports $12.8 billion loss as investments fall but its insurers performed well
Read full article: Warren Buffett's firm reports $12.8 billion loss as investments fall but its insurers performed wellWarren Buffett's company has reported a $12.8 billion loss as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well.
Haslams say Warren Buffett's Berkshire wants to take money out of their pockets in truck stop deal
Read full article: Haslams say Warren Buffett's Berkshire wants to take money out of their pockets in truck stop dealThe billionaire Haslam family says in a lawsuit that Warren Buffett and Berkshire Hathaway are trying to artificially depress the price the company is obligated to pay for the family’s remaining 20% stake in the Pilot Travel Centers truck stop company after paying nearly $11 billion since 2017 for the first 80% it bought.
Warren Buffett's company joins oil-buying frenzy this week by resuming its Occidental Petroleum buys
Read full article: Warren Buffett's company joins oil-buying frenzy this week by resuming its Occidental Petroleum buysInvestor Warren Buffett joined the recent oil-buying spree in the market this week by resuming Berkshire Hathaway's purchases of Occidental Petroleum stock for the first time in four months.
Berkshire Hathaway's Charlie Munger gives $40 million in stock to California museum
Read full article: Berkshire Hathaway's Charlie Munger gives $40 million in stock to California museumInvestor Charlie Munger, Warren Buffett’s right-hand man for more than five decades, has made a $40 million gift to a California museum he has supported in the past.
Warren Buffett's firm invests in the biggest homebuilders while reducing GM stake in portfolio moves
Read full article: Warren Buffett's firm invests in the biggest homebuilders while reducing GM stake in portfolio movesWarren Buffett’s company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Horton’s stock this spring along with smaller stakes in fellow builders Lennar Corp. and NVR Corp. Berkshire revealed those new investments Monday in a quarterly filing with the Securities and Exchange Commission that shows the conglomerate’s holdings as of the end of June.
BNSF train engineers offered paid sick time and better schedules in new deal
Read full article: BNSF train engineers offered paid sick time and better schedules in new dealRoughly 7,500 BNSF train engineers may get up to eight days of paid sick time and more predictable schedules if they approve a deal with the railroad announced Tuesday.
Warren Buffett's firm buys more Occidental Petroleum and now owns more than 25% of the oil producer
Read full article: Warren Buffett's firm buys more Occidental Petroleum and now owns more than 25% of the oil producerBillionaire Warren Buffett's company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% of the oil producer.
Jury says health clinic in Montana Superfund town submitted 337 false asbestos claims
Read full article: Jury says health clinic in Montana Superfund town submitted 337 false asbestos claimsA federal jury has ruled that a health clinic in a Montana town where hundreds of people died from asbestos exposure submitted 337 false asbestos claims making its patients eligible for benefits such as Medicare.
Warren Buffett has given $50.7 billion toward historic pledges to the Gates Foundation and others
Read full article: Warren Buffett has given $50.7 billion toward historic pledges to the Gates Foundation and othersAfter 17 years of steady payments, Warren Buffett has to date given annual donations totaling $50.7 billion toward his historic multibillion-dollar pledges to the Bill & Melinda Gates Foundation and to four foundations connected to his family, according to a Chronicle tally.
Warren Buffett's firm raises stakes in Japanese trading houses as Nikkei hot streak continues
Read full article: Warren Buffett's firm raises stakes in Japanese trading houses as Nikkei hot streak continuesBillionaire Warren Buffett's company increased its investments in five major Japanese trading houses for the second time this year to give Berkshire Hathaway control of 8.5% of each of those conglomerates.
PacifiCorp could be on the hook for billions after jury verdict in devastating Oregon wildfires
Read full article: PacifiCorp could be on the hook for billions after jury verdict in devastating Oregon wildfiresA jury in Oregon has found the electric utility PacifiCorp responsible for causing devastating fires during Labor Day weekend in 2020, ordering the company to pay tens of millions of dollars to 17 homeowners who sued and finding it liable for broader damages that could push the total award well into the billions.
Warren Buffett's company recommits to Bank of America stock while dumping other banks
Read full article: Warren Buffett's company recommits to Bank of America stock while dumping other banksInvestor Warren Buffett recommitted to Bank of America during the first quarter while dumping two other bank stocks as part of a number of moves in Berkshire Hathaway's portfolio.
Engineers frustrated with rails even as others get sick time
Read full article: Engineers frustrated with rails even as others get sick timeTens of thousands of engineers remain frustrated with the lack of paid sick time and the demands railroads like BNSF are making in negotiations despite the progress that has been made this year with sick time deals for most of the other rail unions.
Buffett's company owns nearly 24% of Occidental Petroleum
Read full article: Buffett's company owns nearly 24% of Occidental PetroleumBillionaire Warren Buffett's company bought more than $200 million more Occidental Petroleum stock over the past week to give it control of 23.6% of the oil producer's stock.
Buffett touts benefits of buybacks in his shareholder letter
Read full article: Buffett touts benefits of buybacks in his shareholder letterBillionaire Warren Buffett said critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both and all investors benefit from them as long as they are made at the right prices.
Buffett's firm buys Apple, slashes chipmaker and bank stakes
Read full article: Buffett's firm buys Apple, slashes chipmaker and bank stakesBillionaire Warren Buffett's company bought more Apple stock at the end of last year and slashed its recent investment in a computer chip maker and two long-time bank holdings.
Bill Gates joins 26 newcomers on list of 50 biggest donors
Read full article: Bill Gates joins 26 newcomers on list of 50 biggest donorsAs the ranks of America’s super wealthy grow, the roster of major philanthropists is expanding to include not-so-typical megadonors — among them, a professional clarinetist, a Ph.D. in meat science, and a lawyer who regularly argues before the U.S. Supreme Court.
Buffett's firm has now sold 95 million shares of China's BYD
Read full article: Buffett's firm has now sold 95 million shares of China's BYDWarren Buffett's company has now sold nearly 95 million of its original 225 million shares of Chinese electric carmaker BYD's stock, but it remains a significant shareholder.
Warren Buffett jumps into local politics to fight streetcar
Read full article: Warren Buffett jumps into local politics to fight streetcarBillionaire investor Warren Buffett broke with his practice of staying out of local politics to urge his hometown of Omaha to abandon its planned streetcar project because he says it's too expensive and not as flexible as buses.
'Momentous:' Feds advance largest dam demolition in history
Read full article: 'Momentous:' Feds advance largest dam demolition in historyU.S. regulators approved a plan to demolish four dams on a California river and open up hundreds of miles of salmon habitat that would be the largest dam removal and river restoration project in the world when it goes forward.
Gates Foundation boosts GivingTuesday with $10M donation
Read full article: Gates Foundation boosts GivingTuesday with $10M donationThe Bill & Melinda Gates Foundation donated $10 million to the organization that grew out of the hashtag #GivingTuesday in part to fund a database of charitable giving and other acts of generosity.
Buffett's company trims its stake in Chinese EV maker BYD
Read full article: Buffett's company trims its stake in Chinese EV maker BYDWarren Buffett's company has trimmed its investment in Chinese electric car and battery maker BYD for the first time since it bought 225 million shares in 2008, an investment that has soared in value.
Bids for signed Warren Buffett portrait already top $30,000
Read full article: Bids for signed Warren Buffett portrait already top $30,000Billionaire Warren Buffett is auctioning off a high-tech signed portrait of himself to raise money for one of his favorite charities, and the bidding has already topped $30,000.
Veteran Indian investor Rakesh Jhunjhunwala dies at 62
Read full article: Veteran Indian investor Rakesh Jhunjhunwala dies at 62Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died Sunday in Mumbai city, Press Trust of India news agency reported.
Warren Buffett's company has bet $47B on the oil sector
Read full article: Warren Buffett's company has bet $47B on the oil sectorWarren Buffett’s company has now bought up more than $11 billion worth of Occidental Petroleum stock this year to give Berkshire Hathaway control of more than 20% of the oil producer.
Buffett's firm reports $44B loss but its businesses thrive
Read full article: Buffett's firm reports $44B loss but its businesses thriveWarren Buffett's company has reported a $43.76 billion loss in the second quarter as the paper value of Berkshire Hathaway’s investments plummeted and he bought significantly fewer stocks.
Watchdog head: Bad actors should face more than big fines
Read full article: Watchdog head: Bad actors should face more than big finesThe head of the nation’s financial watchdog is having second thoughts about using fines to deter illegal behavior in the financial industry, saying some companies have gotten so big that the money makes little difference.
DOJ: Buffett company discriminated against Black homebuyers
Read full article: DOJ: Buffett company discriminated against Black homebuyersThe Justice Department says a Pennsylvania mortgage company owned by billionaire businessman Warren Buffett's company discriminated against potential Black and Latino homebuyers in Philadelphia, New Jersey and Delaware.
Bill Gates gives $20 billion to stem 'significant suffering'
Read full article: Bill Gates gives $20 billion to stem 'significant suffering'Bill Gates, concerned about the “significant suffering” caused by global setbacks including the COVID-19 pandemic, announced Wednesday that he will donate $20 billion to his foundation so it can increase its annual spending.
California moves to embrace cryptocurrency and regulate it
Read full article: California moves to embrace cryptocurrency and regulate itCalifornia is the first state to formally begin examining how to broadly adapt to cryptocurrency and related technologies, following a path laid out by President Joe Biden in March.
Warren Buffett tells shareholders about spending $51 billion
Read full article: Warren Buffett tells shareholders about spending $51 billionWarren Buffett gave Berkshire Hathaway investors a few details of how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone.
Buffett to auction off one last private lunch for charity
Read full article: Buffett to auction off one last private lunch for charityThe world’s most expensive lunch will go on sale again this spring when investor Warren Buffett auctions off a private meal to raise money for a California homeless charity one last time.
Charlie Rose reemerges with first interview since firings
Read full article: Charlie Rose reemerges with first interview since firingsJournalist Charlie Rose has reemerged by posting an interview with investor Warren Buffett on his website — Rose's first public work since his career imploded in November 2017 after sexual misconduct charges.
News publisher Lee faces renewed pressure from hedge funds
Read full article: News publisher Lee faces renewed pressure from hedge fundsNewspaper publisher Lee Enterprises is facing renewed pressure from a hedge fund to speed up its transition to digital publishing and consider adding new digital-savvy leaders to its board.
Warren Buffett buying spree goes on, HP soars on 11.5% stake
Read full article: Warren Buffett buying spree goes on, HP soars on 11.5% stakeShares of HP gained nearly 15% after Warren Buffett's company snapped up 11.5% of the company that makes printers and computers over the past week in another uncharacteristic investment for the billionaire in a tech company.
Buffett still wants deals but can't find any attractive ones
Read full article: Buffett still wants deals but can't find any attractive onesBillionaire Warren Buffett says his company has benefited from some “extraordinary luck” in finding acquisitions, but he hasn’t had much of that in recent years as Berkshire Hathaway’s cash pile has grown to nearly $147 billion.
Biden wants to cut into China's electric battery dominance
Read full article: Biden wants to cut into China's electric battery dominancePresident Joe Biden highlighted his efforts to counter China’s dominance of the electric battery market as he touted domestic efforts to mine and process lithium and rare metals.
Abortion rights funds brace for impact ahead of court ruling
Read full article: Abortion rights funds brace for impact ahead of court rulingFunds that raise money to aid women get abortions say they would need more donations this year if the U.S. Supreme Court makes seismic changes to the nationwide right to abortion.