Warren Buffett to hand over reins to Greg Abel: Top 10 things to know about ‘Oracle of Omaha’s’ successor at Berkshire Hathaway – Times of India

Warren Buffett to hand over reins to Greg Abel: Top 10 things to know about ‘Oracle of Omaha’s’ successor at Berkshire Hathaway – Times of India

“I think the time has arrived where Greg should become the Chief Executive office of the company at year end,” Buffett said. Warren Buffett, the world’s most famous investor, has revealed his decision to step down as Berkshire Hathaway‘s CEO by year-end, appointing Greg Abel, a 62-year-old low-key Canadian executive and one of his trusted…

Read More
Warren Buffett readies for big bets, How Berkshire Hathaway plans to utilize 1 Billion cash reserve – The Times of India

Warren Buffett readies for big bets, How Berkshire Hathaway plans to utilize $321 Billion cash reserve – The Times of India

Warren Buffett (File Photo- AP) Billionaire investor Warren Buffett has reassured shareholders regarding Berkshire Hathaway’s substantial cash reserves, signaling that the funds will be strategically deployed to fuel future growth. Addressing concerns about the company’s massive $321.4 billion cash pile, Buffett, in his annual letter to shareholders, dismissed speculations that it signals an impending economic…

Read More
C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages

C.F.P.B Sues Unit of Warren Buffett’s Berkshire Hathaway Over Risky Mortgages

A federal regulator sued a mortgage finance firm owned by Warren Buffett’s Berkshire Hathaway conglomerate on Monday, claiming it made loans to buyers of manufactured homes that it knew they could not afford. The civil suit, filed in federal court in the Eastern District of Tennessee by the Consumer Financial Protection Bureau, said Vanderbilt Mortgage…

Read More