Bill Gates now goes nuclear: will build reactor with billionaire friend

U.S. 06/05/21, 18:46

Billionaire friends Bill Gates and Warren Buffett have chosen the U.S. state of Wyoming to build the first Natrium reactor project, its governor said on 2 June, Reuters reported. On Wednesday, Wyoming Governor Mark Gordon announced that the state has partnered with TerraPower, founded by Gates some 15 years ago, and ...

President Trump claws back $200 million from ‘obsolete’ Obama-era solar project

U.S. 08/02/20, 23:19

A cabinet-level department recovered hundreds of millions of dollars in federal funding from an outdated renewable energy development that the previous administration supported. The U.S. Department of Energy has successfully recouped about $200 million from a taxpayer-funded loan for Tonopah Solar Energy's $1 billion Crescent Dunes Solar Energy Project, 226 miles ...

MacKenzie Bezos pledges half her fortune to charity

Business 05/28/19, 11:15

MacKenzie Bezos, who finalized her divorce from Amazon founder and CEO Jeff Bezos earlier this year, is pledging to give away half her fortune to charity. The novelist said Tuesday that she signed The Giving Pledge, a campaign to get the ultra-wealthy to pledge at least half their fortune to charitable ...

Chevron bows out of fight for Anadarko Petroleum

Business 05/09/19, 08:04

Chevron won't increase its buyout offer for Anadarko, cutting short a potential bidding war with Occidental Petroleum.Occidental challenged Chevron's initial bid last month, offering $57 billion in cash and stock, including debt and book value of non-controlling interest. Chevron's offer was worth about $50 billion by the same metric.Occidental's bid ...

Berkshire Hathaway investors worry about life after Buffett

Business 05/04/19, 16:02

Tens of thousands of Berkshire Hathaway shareholders return to Omaha every year to learn from Warren Buffett and celebrate the company he built through acquisitions and investments. But with the 88-year-old Buffett and 95-year-old Charlie Munger leading the company, it's hard for shareholders not to wonder how much longer the revered ...

Investors gather to learn from Buffett and each other

Business 05/03/19, 15:03

In the days before Berkshire Hathaway's annual meeting, classrooms and hotel meeting rooms around Omaha fill up with investors eager to learn more about the philosophy Warren Buffett used to build his fortune.The outside conferences and gatherings are a big part of the draw for many who make the pilgrimage ...

Amazon.com shares boosted by Warren Buffett’s comments

Tech 05/03/19, 11:06

Billionaire investor Warren Buffett called himself an "idiot" for not buying stock in Amazon, but said someone at his investment firm, Berkshire Hathaway, is making up for his lack of foresight.Buffett told CNBC on Thursday that a money manager at Berkshire Hathaway has been buying shares in Amazon lately. On ...

Berkshire steps into fight for Anadarko on Occidental’s side

Business 04/30/19, 09:09

Warren Buffett's Berkshire Hathaway is financing a bid by Occidental Petroleum for Anadarko, potentially upending Chevron's $33 billion offer for the energy company.Anadarko and Chevron signed a merger agreement earlier this month, but Anadarko Petroleum said Monday that it is now considering an offer from Occidental worth about $57 billion ...

Delta, AmEx renew credit card deal; Delta boosts outlook

Business 04/02/19, 12:47

American Express and Delta Air Lines extended their credit card partnership through 2029, the companies jointly announced Tuesday, a significant extension of one of the larger financial partnerships between a major U.S. airline and a credit card company.Separately, Delta raised its forecast of first-quarter profit, citing higher demand from business ...

Update: Buffett says tariffs have hit Berkshire Hathaway

Business 02/25/19, 08:55

The Latest on investor Warren Buffett's comments on a variety of topics (all times local): 6:15 a.m. Investor Warren Buffett says Berkshire Hathaway's businesses have already seen some impact from the U.S. trade dispute with China. Buffett said during an interview on CNBC Monday that the tariffs have the effect of pushing up ...

Buffett praises potential successors, but no plans to retire

Business 02/25/19, 07:55

Warren Buffett says two potential successors earned roughly $18 million each last year managing Berkshire Hathaway's dozens of operating companies.Buffett appeared on CNBC Monday after releasing his annual letter to shareholders over the weekend.Buffett says Greg Abel and Ajit Jain have both done a great job since they joined Berkshire's ...

US stocks are higher as Berkshire climbs; Apple sinks again

Business 11/05/18, 11:11

U.S. stocks are mostly higher early Monday as Warren Buffett's Berkshire Hathaway leads gains in financial companies, while energy companies rise along with the prices of oil and natural gas.Technology companies continue to struggle as Apple drops again. Asian indexes fell following weak economic data in China and a lack ...

Buffett’s firm quadruples 3Q profit on investment gains

Business 11/03/18, 08:41

Warren Buffett's company more than quadrupled its third-quarter profits because of a huge paper gain in the value of its investments, although its insurance and railroad businesses also improved.Berkshire Hathaway Inc. said Saturday that it earned $18.54 billion, or $7.52 per Class B share. That's up from last year's $2.47 ...

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