The development marks a rare defeat for investment mogul Warren Buffet. As per a source familiar with the matter at hand, Energy Future Holdings, a bankrupt Texas utility is likely to abandon a deal to sell Oncor, a power transmission… Read More ›
Berkshire Hathaway
Elliott Management starts a bidding war with Berkshire for the Oncor Electric Delivery
Elliott Management, Oncor’s largest creditor, has unveiled its bid of $18.5 billion topping Berkshire’s bid of $18.1 billion. The hedge fund has let it be known that it would support Berkshire’s or any third party’s bid, if they were to… Read More ›
Warren Buffet’s Berkshire Hathaway set to be Bank of America’s biggest shareholder
With this development, Buffet has nearly tripled the return of investments he made 6 years ago. In a significant development, Warren Buffett’s Berkshire Hathaway Inc, is on the verge of becoming the largest shareholder of Bank of America Corp. On… Read More ›
Investors flock to Berkshire Hathaway’s AGM for their annual pilgrimage
Here’s what Warren Buffet said at the Annual General Meeting. Warren Buffett, the chairman of Berkshire Hathaway Inc, has come down hard to Wells Fargo & Co for wantonly allowing employees to sign up customers for bogus accounts. Although Wells… Read More ›
Warren Buffet’s Berkshire Hathaway bets heavily on Apple
If you are looking to invest in the U.S. stock market, here are a few pointers from billionaire investor Warren Buffet. On Monday, the Chairman and CEO of Berkshire Hathaway Inc told CNBC that his conglomerate had purchased 120 million… Read More ›
Softbank looking potentially to consolidate the operations of T-Mobile & Sprint
If Softbank has its way, a merger between the two U.S. wireless telecom operators are in the cards. With Reuters reporting that Japanese SoftBank Group Corp is preparing to cede control of Sprint Corp to T-Mobile US Inc in order… Read More ›
manageria.biz 