Editorial Results (free)
1. Amazon is 2nd U.S. Company to Reach $1 trillion Market Value
- Wednesday, September 5, 2018
NEW YORK (AP) — Amazon on Tuesday became the second publicly traded company to be worth $1 trillion, hot on the heels of iPhone maker Apple.
Launched as an online bookstore in 1995, Amazon.com has changed the way people shop for toilet paper, TVs and just about anything else. In its two decades, the company has expanded far beyond those bookseller beginnings, combining its world-spanning retail operations with less flashy but very profitable advertising and cloud computing businesses. It's now expanding into the health care industry and increasing its brick-and-mortar presence.
2. Buffett Says Stocks Remain Best Investment Option for Most
- Tuesday, May 8, 2018
OMAHA, Neb. (AP) – Billionaire Warren Buffett recommends that investors stick with simple stock index funds – not bonds and especially not bitcoins.
Buffett discussed a variety of topics during an interview on CNBC Monday after he spent Saturday answering questions before thousands of Berkshire Hathaway shareholders.
3. Buffett Says Tax Cuts Provide Huge Boost to US Businesses
- Tuesday, February 27, 2018
OMAHA, Neb. (AP) – Billionaire Warren Buffett says American businesses are getting a significant boost from the tax overhaul, but health care costs remain a drag so he hopes a new initiative his company started with Amazon and JP Morgan Chase will deliver significant savings.
4. Health Care Just the Latest Industry Amazon Seeks to Upend
- Thursday, February 1, 2018
NEW YORK (AP) – When Amazon sets its sights on a new industry, corporate America shudders.
The latest example came Tuesday, when the online retailing giant said it is working with Berkshire Hathaway and JPMorgan Chase to create a company to offer affordable health care to their employees. Stocks of health insurers tumbled, erasing billions of dollars in shareholder value.
5. Pfizer, Riding Tax Changes, Puts Up Huge Q4 Profit
- Wednesday, January 31, 2018
Pfizer's fourth-quarter profit soared to $12.27 billion thanks to a huge tax benefit related to the U.S. tax system overhaul.
The biggest U.S. drugmaker on Tuesday reported an $11.34 billion benefit, mainly from recalculating deferred tax liabilities. Pfizer also said it will take a charge of approximately $15 billion, payable to the Treasury over eight years, to cover taxes on up to $24.2 billion in cash and investments held overseas that it plans to bring back to the U.S.
6. Business Titans Face Complex System in US Health Care Push
- Wednesday, January 31, 2018
The leaders of Amazon.com, Berkshire Hathaway and JPMorgan announced the ambitious goal of improving health care coverage all of their employees. They say they are forming a new company that will be "free from profit-making incentives and constraints" and hint its results might be applied on a broader scale. But the campaign is in its early planning stages.
7. Amazon, Buffett And JPMorgan Join Forces on Health Care
- Wednesday, January 31, 2018
Three of corporate America's heaviest hitters – Amazon, Warren Buffett and JPMorgan Chase – sent a shudder through the health industry Tuesday when they announced plans to jointly create a company to provide their employees with high-quality, affordable care.
8. Trial Underway for Former Execs of Haslam Truck Stop Chain
- Tuesday, November 7, 2017
CHATTANOOGA, Tenn. (AP) – A jury was seated Monday in the federal fraud trial of four former executives at the truck stop chain controlled by the family of Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam.
9. Carpet Maker Shaw Acquires Tennessee Digital Sample Provider
- Monday, October 16, 2017
CHATTANOOGA, Tenn. (AP) – Shaw Industries, the country's biggest carpet maker, is buying a Tennessee-based producer of digital carpet samples and design tools.
The Chattanooga Times Free Press reports that Shaw, a subsidiary of Warren Buffett's Berkshire Hathaway, acquired Tricycle Inc. for an undisclosed sum.
10. Buffett Says Government Should Do More to Combat Poverty
- Wednesday, October 4, 2017
OMAHA, Neb. (AP) – Billionaire Warren Buffett says America will continue to prosper overall, but government and philanthropy should do more to ensure that pockets of poverty don't continue to make it difficult for some to succeed.
11. Buffett Buys Big Into Haslam Family's Pilot Flying J
- Wednesday, October 4, 2017
OMAHA, Neb. (AP) – Warren Buffett's company is acquiring a major stake in Pilot Flying J truck stops and it will take over a majority stake within about five years from the family of Cleveland Browns owner Jimmy Haslam and Tennessee Gov. Bill Haslam.
12. Warren Buffett to Buy 700 Million Shares in Bank of America
- Monday, July 3, 2017
NEW YORK (AP) – Warren Buffett's Berkshire Hathaway said Friday it will amass a 700-million-share stake in Bank of America, making Buffett the largest shareholder in two of the nation's largest banks.
13. Buffett's Company Lends $1.5B to Home Capital, Invests $300M
- Friday, June 23, 2017
OMAHA, Neb. (AP) — Warren Buffett's company is lending $1.5 billion to Home Capital and spending roughly $300 million to purchase nearly 40 percent of the troubled Canadian lender's stock.
14. It's Primetime at Amazon.com ... Shares Hit $1,000
- Wednesday, May 31, 2017
NEW YORK (AP) – Amazon, the internet goliath that revolutionized the way much of the world buys books, toilet paper and TVs, hit a new milestone Tuesday. Its stock surpassed the $1,000 mark for the first time.
15. Buffett Criticizes United and Its CEO Over Dragging Incident
- Tuesday, May 9, 2017
NEW YORK (AP) – Warren Buffett said Monday that United Airlines bungled the case of the passenger dragged off a plane last month, and he is criticizing the CEO's handling of the incident.
16. Kraft Still Hungry For Unilever After Rejected Offer
- Monday, February 20, 2017
NEW YORK (AP) – Kraft Heinz is attempting to buy Unilever in a $143 billion deal that would join the U.S. maker of cheeses and lunch meats with the European producer of mayo, teas and seasonings in a global powerhouse.
17. Coca-Cola CEO Muhtar Kent to Step Down Next Year
- Monday, December 12, 2016
NEW YORK (AP) — Coca-Cola said Friday that CEO Muhtar Kent will step down as CEO next year and be replaced by Chief Operating Officer James Quincey.
The world's largest beverage maker has been under pressure to grow as people around the world drink less soda, including its flagship Coke. In October, the Atlanta company reported that its third-quarter profit fell 28 percent.
18. United Aims at Budget Travelers With 'Basic Economy' Fares
- Wednesday, November 16, 2016
NEW YORK (AP) – United Airlines is making a pitch to passengers at both ends of the plane – budget fliers and luxury passengers – as it attempts to boost profits.
The airline announced Tuesday that it will sell lower "Basic Economy" fares that don't let buyers pick seats ahead of time and limit them to a single carry-on bag that fits under the seat. They'll be the last to board.
19. Warren Buffett Responds to Donald Trump's Tax Comments
- Tuesday, October 11, 2016
OMAHA, Neb. (AP) – Investor Warren Buffett says he's never used the kind of tax deduction that Republican presidential candidate Donald Trump did, and Buffett says he's paid taxes every year for 72 years.
20. Trust Creates Sales Advantage
- Wednesday, May 11, 2016
I find myself inspired today by a book, recommended by a colleague, called The Speed of Trust by Stephen M. R. Covey. You are probably familiar with Covey’s father, who wrote The 7 Habits of Highly Effective People.
21. Buffett Says US Economy Weaker Than He Expected But Growing
- Tuesday, March 1, 2016
OMAHA, Neb. (AP) – Billionaire Warren Buffett said the U.S. economy appears weaker than he thought it would be as recently as last fall, but that doesn't change his optimistic long-term view of the country's prospects.
22. Buffett Offers $100,000 to Employee With Best NCAA Bracket
- Tuesday, March 1, 2016
OMAHA, Neb. (AP) – Berkshire Hathaway employees can win $100,000 by picking the most consecutive winners in the NCAA men's basketball tournament.
Billionaire Warren Buffett announced the contest for his more than 300,000 employees during an interview on CNBC Monday.
23. Berkshire Hathaway Reduces Goldman Sachs, Wal-Mart Stakes
- Tuesday, November 17, 2015
OMAHA, Neb. (AP) — Investor Warren Buffett's company sold some of its Goldman Sachs and Wal-Mart shares during the third quarter, and made several smaller changes to its stock portfolio.
24. Below the Waterline
- Wednesday, November 11, 2015
As of the end of October, the S&P 500 index had gained 2.59%. Unfortunately, for diversified investors, there is more to the story. The S&P 500 is a market capitalization weighted index, meaning the largest of the 500 companies have the largest influence over index performance.
25. Kraft Heinz Slashing 2,500 Jobs in US, Canada After Merger
- Thursday, August 13, 2015
NEW YORK (AP) — Kraft Heinz says it is cutting about 2,500 jobs as part of its plan to slash costs after the food companies combined.
Spokesman Michael Mullen says affected workers are in the U.S. and Canada and were to be notified in person. About 700 of the cuts were coming in Northfield, Illinois, where Kraft had been headquartered.
26. Google Forms a New Holding Company, 'Alphabet'
- Wednesday, August 12, 2015
SAN FRANCISCO (AP) — Google is creating a new company to oversee its highly lucrative Internet business and a growing flock of other ventures, including some — like building self-driving cars and researching ways to prolong human life — that are known more for their ambition than for turning an immediate profit.
27. Buffett's Biggest Bet: Berkshire Hathaway Buying Precision Castparts for About $32B
- Tuesday, August 11, 2015
OMAHA, Neb. (AP) — Warren Buffett is making the biggest bet of his long investment career, a $32.36 billion buyout of Precision Castparts in a deal that will continue to reshape his Berkshire Hathaway conglomerate.
28. Pending US Home Sales Jump to Strongest Level in 9 Years
- Friday, May 29, 2015
WASHINGTON (AP) – Americans signed contracts to buy homes in April at the fastest pace in nearly nine years, evidence that steady job growth is strengthening the real estate market.
The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index climbed 3.4 percent to 112.4 last month. It's the fourth consecutive monthly gain. The index now stands at its highest level since May 2006.
29. Warren Buffett Says Economy Continues to Improve Steadily
- Monday, May 4, 2015
OMAHA, Neb. (AP) – Investor Warren Buffett? says the economy continues to steadily improve, but the strong dollar has already hurt U.S. exports.
Buffett said in an interview on the Fox Business Network that he thinks the Federal Reserve should be careful about raising interest rates until Europe decides how to deal with its economic concerns.
30. One (Day)-and-Done Home Sales Drive Buyers Nuts
- Saturday, April 4, 2015
With the dismal winter behind us, and trees beginning to glow with greenery, many are hoping the spring will sprout some listings.
In the past few months, the lack of inventory and the market’s avaricious appetite have driven frustrated buyers to the point of anger. March Madness has a new meaning with buyers at wit’s end.
31. Buffett Says US Economy Continues Steady Improvement
- Friday, April 3, 2015
OMAHA, Neb. (AP) – Investor Warren Buffett says the economy continues to grow steadily, but too many people continue to miss out on the American dream.
Buffett told CNN Thursday that he doesn't see any real sign of weakness in the economy. Buffett looks at reports from the more than 80 businesses his Berkshire Hathaway conglomerate owns for insight.
32. Apple CEO Tim Cook Plans to Give Away Most of His Fortune
- Monday, March 30, 2015
SAN FRANCISCO (AP) – Apple CEO Tim Cook is joining a long list of magnates promising to give away most of the wealth that they amass during their careers.
33. HJ Heinz Buys Kraft To Build $28 Billion Food Giant
- Thursday, March 26, 2015
NEW YORK (AP) – Some of the most familiar names in ketchup, pickles, cheese and hot dogs are set to come under the same roof after H.J. Heinz Co. announced plans Wednesday to buy Kraft and create one of the world's largest food and beverage companies.
34. Realtors Running Out of Inventory in Some Areas
- Saturday, February 21, 2015
Richard Exton, the dean of real estate appraisers, well at least a tenured gentleman, spoke to a group pf Realtors recently and provided the data reflecting the current state of the real estate market.
35. Wilson Air Expanding at Memphis International
- Monday, January 19, 2015
Wilson Air Center is spreading its wings at Memphis International Airport.
The Kemmons Wilson Cos. subsidiary signed a 10-year lease with the airport for the former Pinnacle Airlines hangar at Memphis International, expanding its jet footprint by 30,500 square feet of prime hangar space.
36. US Housing Recovery Appears to be Back on Track
- Friday, August 22, 2014
WASHINGTON (AP) – A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.
37. Buffett Defends How He Runs Berkshire Hathaway
- Tuesday, May 6, 2014
OMAHA, Neb. (AP) – Warren Buffett remains confident in the long-term future of his company, and on Monday he again defended the quiet way he handled his objections to Coca-Cola's compensation plan.
38. Buffett May Face Questions About Performance
- Friday, May 2, 2014
OMAHA, Neb. (AP) – Warren Buffett's failure to beat the stock market in four of the past five years has raised the issue of whether Berkshire Hathaway's 83-year-old CEO has lost his touch.
39. Buffett: Climate Change Not Causing More Disasters
- Tuesday, March 4, 2014
OMAHA, Neb. (AP) – Warren Buffett says the rate of disasters that Berkshire Hathaway's insurance companies see hasn't changed because of extreme weather.
Buffett said on CNBC Monday that he hasn't made any change in the way he calculates the likelihood of a catastrophe because of climate change.
40. Buffett Says Economy Continues to Grow Steadily
- Tuesday, March 4, 2014
OMAHA, Neb. (AP) – Investor Warren Buffett says the economy continues the steady improvement that began in fall of 2009 and he remains optimistic despite Russia's advance into Ukraine.
41. Warren Buffett Offers Lesson in Value Investing
- Tuesday, February 25, 2014
OMAHA, Neb. (AP) – Warren Buffett is offering a refresher course on his approach to investing in his annual letter to Berkshire Hathaway Inc. shareholders.
42. Warren Buffett's Shareholder Letter Due March 1
- Tuesday, February 18, 2014
OMAHA, Neb. (AP) — Billionaire Warren Buffett's annual letter to Berkshire Hathaway shareholders will be released on March 1.
Buffett will again be able to release his letter on a Saturday this year, as he prefers.
43. $1 Billion Offered for Perfect Tournament Bracket
- Wednesday, January 22, 2014
DETROIT (AP) – Correctly predicting the outcome of every game in the NCAA men's basketball tournament is no layup.
But there's now a $1 billion prize waiting for anyone able to pull off the feat this spring.
44. Consider Selling Momentum, Buying Contrarian
- Wednesday, January 15, 2014
The S&P 500 has been the world’s performance bell cow since the great recession on the relative strength of the U.S. economic recovery. The S&P 500 has outperformed the MSCI All World ex USA All Cap Index by 17 percent over the last year, 11 percent annualized over the last three years and 5 percent annualized over the last five years.
45. Warren Buffett Backs New Business Kits for Kids
- Wednesday, October 16, 2013
OMAHA, Neb. (AP) – Earlier this year, Warren Buffett congratulated a group of three Kentucky kids for developing kits to help their peers set up businesses.
Now Buffett is helping teach the young entrepreneurs how tough business can be by backing a competing product.
46. Combined Net Worth of America's Richest Rises
- Tuesday, September 17, 2013
NEW YORK (AP) – Life is good for America's super wealthy.
Forbes on Monday released its annual list of the top 400 richest Americans. While most of the top names and rankings didn't change from a year ago, the majority of the elite club's members saw their fortunes grow over the past year, helped by strong stock and real estate markets.
47. Buffett Makes Annual Stock Donations to Charities
- Tuesday, July 9, 2013
OMAHA, Neb. (AP) – Billionaire Warren Buffett is giving five charities more than $2.6 billion worth of Berkshire Hathaway Inc. stock as part of his overall plan to give away his fortune gradually.
48. Buffett Says Women Key to Nation’s Prosperity
- Friday, May 3, 2013
OMAHA, Neb. (AP) – Billionaire Warren Buffett is optimistic about America’s economic future because the nation has begun to unleash the potential of women.
Buffett’s views on the role of women appeared online Thursday in an editorial he wrote for Fortune magazine.
49. Lofty Company
- Thursday, April 4, 2013
For creating the overnight package-delivery business four decades ago, and for everything his company has done since, FedEx Corp. founder Fred Smith has been placed among an elite group of chief executives by the business magazine Barron’s.
50. Quiet Period Could Lead to Frisky Phase
- Wednesday, February 20, 2013
Buyer Intent Building By some analysis, the last two weeks have exhibited the lowest stock market volatility since 1986. While sideways markets are boring, they also reduce anxieties. On average, since 1980, the S&P 500 experienced intra-year declines of 15 percent.
51. Report: SEC Investigating Trading in Heinz Deal
- Monday, February 18, 2013
NEW YORK (AP) – Federal regulators have opened an insider trading inquiry on the $23 billion acquisition of H.J. Heinz, according to a publish report.
Citing an unnamed source who was briefed on the matter, The New York Times reported Friday that the Securities and Exchange Commission is looking at "unusual trading" surrounding the deal for Heinz to be purchased by Warren Buffett's Berkshire Hathaway and 3G Capital, an investment firm that also recently bought Burger King. The report said regulators first noticed a suspicious spike in trading on Wednesday.
52. Buffett Says US Economy Still Inching Ahead
- Thursday, October 25, 2012
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett said Wednesday that the global economy is definitely slowing because of continued problems in Europe and the decline in Asia.
But he said that the U.S. economy is still improving modestly and business will improve regardless of who wins the presidential election.
53. Gates, Buffett Again Top Forbes' Billionaires List
- Thursday, September 20, 2012
NEW YORK (AP) – Microsoft Corp. co-founder Bill Gates remains the nation's richest man by far, as the tech and philanthropy giant took the top spot on the Forbes 400 list for the 19th year running, with a net worth of $66 billion.
54. Buffett Says General Economy Slowing This Summer
- Friday, July 13, 2012
OMAHA, Neb. (AP) — Billionaire investor Warren Buffett said Thursday that U.S. economic growth has slowed in the last two months as fears about Europe's debt woes mounted.
Buffett's comments during an interview Thursday on the cable TV network CNBC contrast with what he has been saying for a couple years. Buffett has said the economy was gradually improving since the fall of 2009 in every area except businesses related to housing.
55. Buffett's Berkshire to Buy Media General Papers
- Friday, May 18, 2012
NEW YORK (AP) – Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million.
56. Buffett Says Investors Shouldn’t Act on Headlines
- Tuesday, May 8, 2012
OMAHA, Neb. (AP) — Billionaire Warren Buffett said Monday that Europe will have a hard time resolving its fiscal problems because of the structure of the European Union and this weekend’s election results in Greece and France.
57. Warren Buffett Says Plan to Replace Him Unchanged
- Tuesday, February 28, 2012
OMAHA, Neb. (AP) – Billionaire investor Warren Buffett says Berkshire Hathaway's plan to replace him eventually hasn't really changed.
Buffett said on CNBC Monday that the new language he used to describe the succession plan in his annual letter to Berkshire shareholders wasn't a sign of change. The 81-year-old says he was trying to clarify the plan.
58. Buffett Says Newspapers Need to Charge Online
- Tuesday, February 28, 2012
OMAHA, Neb. (AP) – Warren Buffett says newspapers need to stop giving away their product for free online, but they will have a decent future if they continue delivering information that can't be found elsewhere.
59. Warren Buffett Reiterates Call for Tax Reforms
- Tuesday, February 28, 2012
OMAHA, Neb. (AP) – Billionaire Warren Buffett continues to call for tax reforms and a higher tax rate for wealthy investors like himself.
The chairman and CEO of Berkshire Hathaway talked about the nation's tax policy during an appearance Monday on CNBC. He released his annual letter to shareholders over the weekend.
60. Buffett Says Stocks, Homes Cheaper Now
- Tuesday, February 28, 2012
OMAHA, Neb. (AP) – Billionaire Warren Buffett said Monday, Feb. 27, that stocks remain relatively cheap compared to other investments as the economy continues to improve. He also said that the company he heads is prepared to replace him whenever the need arises.
61. Waddell Turns Page on ‘Funky’ Year
- Monday, February 27, 2012
The parting remark David Waddell left with the audience at his company’s yearly “State of the Union” presentation this time last year was that he wanted them all to be optimistic in 2011.
62. Judge: Goldman Sachs Chairman Can be Deposed in NY
- Thursday, December 1, 2011
NEW YORK (AP) – Goldman Sachs chairman Lloyd Blankfein can be deposed in a civil case even before the April criminal trial of a former Goldman Sachs board member accused of insider trading, a judge has ruled.
63. Buffett's Firm Buys About $10.7B in IBM Shares
- Tuesday, November 15, 2011
OMAHA, Neb. (AP) – Investor Warren Buffett says his company bought about $10.7 billion of IBM stock this year, giving it a stake of more than 5 percent in the technology company.
Buffett revealed the investment during an interview on CNBC on Monday. Buffett's company, Berkshire Hathaway Inc., planned to file a full quarterly update on its U.S. stock portfolio Monday afternoon.
64. Buffett: European Concerns, US Housing Woes Linger
- Tuesday, November 15, 2011
OMAHA, Neb. (AP) – Billionaire investor Warren Buffett says Europe’s debt concerns and the anemic U.S. home construction business will continue to hurt the economy even though many businesses are performing well.
65. Berkshire Hathaway to Buy Back Shares
- Tuesday, September 27, 2011
OMAHA, Neb. (AP) – Warren Buffett is sending a clear signal that he believes Berkshire Hathaway's stock is undervalued by announcing a plan to repurchase stock for the first time since taking over the firm in 1965.
66. Bill Gates Tops Forbes List of Richest Americans
- Thursday, September 22, 2011
LOS ANGELES (AP) – America's economic woes don't appear to be hurting philanthropist Bill Gates, who tops Forbes' list of the 400 richest Americans for the 18th year in a row.
67. Bank of America Sells Half of its China Bank Stake
- Tuesday, August 30, 2011
NEW YORK (AP) – Bank of America Corp. is selling half of its stake in China Construction Bank Corp. to raise cash and shore up its capital base.
68. Buffett Gives $5 Bln Vote of Confidence to BofA
- Friday, August 26, 2011
NEW YORK (AP) – Warren Buffett is coming to the rescue of another fallen giant.
Buffett's Berkshire Hathaway Inc. announced Thursday that it would invest $5 billion in Bank of America Corp., giving a much-needed vote of confidence to the beleaguered bank. The news sent the bank's stock soaring 9 percent.
69. Berkshire Units Spent More Than $2M on Q2 Lobbying
- Tuesday, August 23, 2011
OMAHA, Neb. (AP) – Some of Berkshire Hathaway's biggest subsidiaries continue to spend substantial amounts of money to influence the federal government, even though their parent company run by Warren Buffett doesn't report any lobbying.
70. Buffett Predicts Job Growth When Housing Rebounds
- Monday, July 11, 2011
OMAHA, Neb. (AP) – Billionaire investor Warren Buffett said Friday the nation's employment picture will improve significantly once residential housing construction rebounds.
Buffett spoke to Bloomberg Television Friday morning as the Labor Department released a weaker-than-expected monthly jobs report. He said the report shows the economy is still a long way off from where it should be, but Buffett remains optimistic about the recovery and sees no danger of a second recession.
71. Buffett Sees Risks in Failing to Hike Debt Ceiling
- Friday, July 8, 2011
OMAHA, Neb. (AP) – Billionaire investor Warren Buffett said Thursday Congress is playing a dangerous game by considering not raising the U.S. debt ceiling.
The CEO and chairman of the conglomerate Berkshire Hathaway Inc. said on the cable TV network CNBC that there is no way to tell what might happen if the debt limit is not increased, but it's a dangerous idea.
72. Wal-Mart Remains Atop Fortune 500 List
- Friday, May 6, 2011
NEW YORK (AP) – Wal-Mart Stores Inc. remains atop the Fortune 500 list even as it struggled to keep its U.S. customers coming in the door.
73. Warren Buffett Says Economy Keeps Improving Slowly
- Thursday, March 3, 2011
OMAHA, Neb. (AP) – Billionaire Warren Buffett said Wednesday the U.S. economy continues to improve and doesn't need as much government help as it is currently getting.
Buffett appeared Wednesday on CNBC four days after releasing his annual letter to Berkshire Hathaway Inc. shareholders and discussing his insatiable appetite for big acquisitions like last year's purchase of the Burlington Northern Santa Fe railroad.
74. Buffett Thanks Uncle Sam for Helping Economy
- Thursday, November 18, 2010
OMAHA, Neb. (AP) – Billionaire Warren Buffett wants people to know he thinks the U.S. government performed well during the economic meltdown of 2008.
So the chairman and CEO of Berkshire Hathaway Inc. wrote a thank-you note to "Uncle Sam" that the New York Times published Wednesday on its op-ed page.
75. Buffett: Recession Continues, By his Definition
- Friday, September 24, 2010
OMAHA, Neb. (AP) – Billionaire Warren Buffett says the economy remains in a recession, by his definition, because most people and businesses still aren't doing as well as they were before the financial crisis.
76. Congress to Examine Trickle Down of Rail Rates
- Thursday, September 16, 2010
NEW YORK (AP) – Congress is taking a closer look at the growing profits of the nation's railroads and the price hikes for their customers that may trickle down to consumers.
In a report released Wednesday, the Senate Commerce Committee says higher rates for rail transportation are putting undue pressure on customers who don't have an alternative way to ship their goods. Those customers, called captive shippers, are mostly electric utilities, chemical and agricultural companies. Higher transportation rates for them can mean higher energy and grocery bills for consumers.
77. Buffett, Ballmer Predict Bright Economic Future
- Tuesday, September 14, 2010
BUTTE, Mont. (AP) – Two of the biggest names in business say they see a bright future for the economy.
Famed investor Warren Buffett says there will be no double-dip recession as some fear. He says banks are lending money again, businesses are hiring employees and he expects the country to come back stronger than ever.
78. Obama Overtures to Business Fall Flat
- Tuesday, August 10, 2010
WASHINGTON (AP) – Labeled antibusiness by Republicans and some corporate chiefs, President Barack Obama mounted a campaign to show he wasn't. But his charm offensive has hit a rocky patch.
Business leaders gripe about burdensome new financial and health care regulations, what they see as unfriendly tax policies and vast government spending. They were put off by Obama's harsh depiction of "fat cat bankers" and "reckless practices," a label he applied both to Wall Street and to oil-spill giant BP.
79. Pension Bomb
- Monday, July 12, 2010
For years, government pension liabilities – the lifetime retirement benefits paid to everyone from local cops to garbage collectors – have been the equivalent of ticking time bombs.
They were assembled when governments like Memphis and Shelby County, among many others, mixed together some explosive materials.
80. Democrats Keep Focus on Wall Street
- Wednesday, April 28, 2010
WASHINGTON (AP) — Aiming their criticism at Goldman Sachs, Democrats on Tuesday used the giant investment firm's legal troubles to draw attention to their financial regulatory legislation and Republican efforts to delay the start of debate.
81. Carlisle Corp. Files Building Permit For Downtown Corporate Headquarters
- Tuesday, April 27, 2010
263 Wagner Place
Memphis, TN 38103
Permit Amount: $1.5 Million
Project Cost: $2.7 million
Permit Date: Applied April 2010
Owner: Carlisle Corp.
Tenant: Carlisle Corp.
82. Oakhaven Office Building Sells for $341K in Auction
- Friday, April 23, 2010
The office building at 3645 Lamar Ave. in Oakhaven sold for $341,000 in a March absolute auction.
The sale closed April 15 in a special warranty deed. A partnership called 3645 Lamar LLP bought the property from Commerce Center Memphis LLC.
83. Burlington Shareholders Approve Sale to Berkshire
- Friday, February 12, 2010
NEW YORK (AP) - Burlington Northern Santa Fe Corp. shareholders have approved the railroad's sale to Warren Buffett's Berkshire Hathaway, paving the way for the Oracle of Omaha to complete his biggest acquisition yet.
84. Berkshire Hathaway Names Comcast's Burke to Board
- Wednesday, December 23, 2009
OMAHA, Neb. (AP) - Billionaire Warren Buffett's Berkshire Hathaway Inc. on Tuesday named Stephen Burke, the chief operating officer of Comcast Corp., to its board of directors.
85. Buffett’s Berkshire Secures $8B Loan for BNSF Deal
- Monday, November 23, 2009
Warren Buffett’s company has lined up an $8 billion loan to help pay for its $26.3 billion acquisition of Burlington Northern Santa Fe Corp.
86. Fitch Reviews Whether to Cut Berkshire Rating
- Friday, November 6, 2009
CHICAGO (AP) - Fitch Ratings warned Thursday that Berkshire Hathaway Inc.'s deal for Burlington Northern Santa Fe Corp. could overexpose Warren Buffett's company to weaknesses in the economy at the expense of its more durable investments.
87. Buffett’s Berkshire Buying Burlington Northern
- Wednesday, November 4, 2009
NEW YORK (AP) – Warren Buffett’s Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future of the U.S. economy.
88. CIT Group Sweetens Debt Buyback Offer
- Monday, July 27, 2009
NEW YORK (AP) - Small-business lender CIT Group Inc. said Friday it has sweetened some terms of a buyback offer for $1 billion of debt and repeated that it may have to seek bankruptcy protection if enough noteholders don't agree to it.
89. Dodd's Wife Serves on Health Care Company Boards
- Monday, June 15, 2009
WASHINGTON (AP) - The wife of a senator playing a lead role on a national health care overhaul sits on the boards of four health care companies, one of several examples of lawmakers with ties to the medical industry.
90. Defendant in Reinsurance Fraud Faces Sentencing
- Friday, May 1, 2009
HARTFORD, Conn. (AP) - A former executive of Connecticut-based General Re Corp. will serve a year and a day in prison for his role in an accounting scandal that authorities say cost shareholders of American International Group Inc. more than $500 million.
91. Jobless Claims Set New Record
- Friday, March 27, 2009
WASHINGTON (AP) – For a 10th straight week, the number of people who are continuing to claim jobless benefits increased, fresh evidence that the labor market remains weak despite other hopeful signs that the recession may have bottomed out.
92. Warren Buffett Says Economy Fell Off a Cliff
- Tuesday, March 10, 2009
OMAHA, Neb. (AP) - Billionaire Warren Buffett remains confident that America's best days are ahead, but he says the nation likely will face higher unemployment and eventually inflation because of the current economic crisis.
93. Berkshire Buys 2.3M Shares of BNSF
- Wednesday, February 4, 2009
Billionaire investor Warren Buffett’s company has bought an additional 2.3 million shares of Burlington Northern Santa Fe Corp. stock, increasing its stake to more than 76 million shares.
94. Buffett's Company Buys More BNSF Shares
- Wednesday, December 17, 2008
OMAHA, Neb. (AP) - Billionaire investor Warren Buffett's company has bought another 2.2 million shares of Burlington Northern Santa Fe Corp. stock, increasing its stake to more than 70 million shares.
95. Berkshire Buys 3.26 Million More BNSF Shares
- Friday, December 12, 2008
OMAHA, Neb. (AP) - Billionaire investor Warren Buffett's company bought another 3.26 million shares of Burlington Northern Santa Fe Corp. stock, increasing its stake to 67.9 million shares.
96. Hottel Appointed Dean At UT College of Dentistry
- Wednesday, October 22, 2008
Dr. Timothy L. Hottel has been appointed dean for the University of Tennessee College of Dentistry.
Hottel currently serves as executive associate dean and chief financial officer, associate dean for academic and financial affairs, division chief for primary care, professor in the Department of Prosthodontics, and interim chair of the Department of Cariology and Restorative Dentistry at Nova Southeastern University in Ford Lauderdale, Fla.
97. Goldman Raises $5 Billion in Public Stock Offer
- Thursday, September 25, 2008
NEW YORK (AP) - Goldman Sachs Group Inc., seeking to improve not only its balance sheet but its standing with investors, has undertaken a huge capital-raising program that includes an investment of at least $5 billion from Warren Buffett and a common stock offering for another $5 billion.
98. SEC Bans Short-Selling of Financial Stocks
- Monday, September 22, 2008
WASHINGTON (AP) – The federal government, trying to boost investor confidence in the face of a market crisis, took the dramatic step Friday of temporarily banning a practice of betting against financial stocks.
99. Nation's Service Economy Unexpectedly Expanded in April
- Tuesday, May 6, 2008
NEW YORK (AP) - Data showing an unexpected expansion in the service sector in April raised hopes that the U.S. economy will be spared a sharp downturn even though many observers feel it is already in a mild recession.
100. Buffett Says US Economy Essentially in a Recession, Expects Rough Ride for Insurers in 2008
- Tuesday, March 4, 2008
OMAHA, Neb. (AP) - Billionaire Warren Buffett said Monday that the U.S. economy is essentially in a recession even if it hasn't met the technical definition of one yet.
Buffett said in an interview with cable network CNBC the reports he gets from the retail businesses his holding company owns show a significant slowdown in purchases.