Burger King tax row hits Warren Buffett after Tim Hortons takeover announcement August 26, 2014 Burger King and US tycoon Warren Buffett were forced to defend a £7bn (£4.25bn) takeover of Canadian chain Tim Hortons yesterday amid mounting political tension in America over tax inversions. The Miami-based giant said it would buy the coffee and doughnut chain for $11.4bn and relocate to Ontario, Canada – seemingly to benefit from [...]
Warren Buffett’s Berkshire Hathaway firm agrees to pay $896,000 fine August 20, 2014 Berkshire Hathaway yesterday agreed to pay an $896,000 (£540,000) fine to settle a US government allegations that it violated anti-trust rules by failing to report a transaction that boosted its stake in building products company USG Corp. The civil penalty, which requires court approval, settles charges made by the US Department of Justice and Federal [...]
Warren Buffett’s Berkshire Hathaway share price reaches $200,000 August 14, 2014 Savers with a spare $200,000 could splash out on a new Bentley Continental GT – or they could buy one share in Warren Buffett’s conglomerate Berkshire Hathaway. The company’s stock roared past the $200,000 milestone last night, reaching as high as $201,114 – or £120,000 – per share. Billionaire Buffett, considered by many to be [...]
Warren Buffett was spending $15bn on renewable energy. He’s now upped that to $30bn June 10, 2014 Yesterday, it momentarily slipped Warren Buffett’s mind how much money Berkshire Hathaway is shelling out on wind and solar power in the US – $15bn (£8.9bn). Speaking at the Edison Electric Institute’s annual convention in Las Vegas, the guru investor turned to deputy Greg Abel for a reminder of the figure, before coming back with, [...]
Warren Buffett: Markets are like sex February 26, 2014 INVESTMENT guru Warren Buffett has offered up his latest advice to would-be investors by comparing the stock market to sex. Buffett, who delivers his closely watched letter to shareholders every year, said investors should be wary of the current market rally. “A bull market is like sex. It feels best just before it ends,” he [...]