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Warren Buffett

ENTERTAINMENT
November 26, 2012 | Ed Stockly
Click here to download TV listings for the week Nov. 25 - Dec. 1 in PDF format This week's TV Movies   CBS This Morning Baseball player R.A. Dickey; Larry Fink, BlackRock. (N) 7 a.m. KCBS Today Warren Buffett; Scarlett Johansson; Phillip Phillips performs. (N) 7 a.m. KNBC Good Morning America Dolly Parton performs; Donald Driver; performance by the Muppets. (N) 7 a.m. KABC Live With Kelly and Michael Helen Hunt; Bryan Adams performs.
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BUSINESS
November 26, 2012 | By Jim Puzzanghera
WASHINGTON -- Billionaire Warren Buffett said raising taxes on the wealthy won't stop them from investing and called on policymakers to boost rates for income over about $500,000. Buffett has been a staunch ally of President Obama on boosting taxes on high-income earners. But the Oracle of Omaha did not back Obama's push to raise taxes on income above $250,000, saying he preferred a "somewhat" higher cut-off point. Still, Buffett derided suggestions that increasing tax rates, includint those on capital gains, would keep people from pursuing potentially lucrative investment opportunities and "stuffing their ample funds under their mattresses.
BUSINESS
November 3, 2012 | By Tiffany Hsu, Los Angeles Times
Warren Buffett: party boy? It's no secret that the octogenarian Oracle of Omaha knows how to get down. He plays pingpong at shareholder meetings for his investment firm Berkshire Hathaway Inc. He plays the ukulele on television. He has sung songs while dressed as a paperboy, a rapper and rocker Axl Rose of Guns N' Roses. Now, the multibillionaire financier can have even more good times, with his purchase Friday of discount party goods retailer Oriental Trading Co. The mail-order merchant sells a cornucopia of more than 40,000 party supplies, crafts, school supplies, toys and novelties directly to consumers.
BUSINESS
November 2, 2012 | Bloomberg News
Warren Buffett's Berkshire Hathaway Inc. said profit climbed 72% in the third quarter as a stock market rally helped improve results in the derivatives book and earnings at the railroad climbed. Net income rose to $3.9 billion, or $2,373 a share, from $2.28 billion, or $1,380, a year earlier, the Omaha company said Friday. Operating earnings, which exclude some investment results, were $2,057 a share, missing the $2,063 average estimate of analysts surveyed by Bloomberg. Buffett, 82, made the equity derivatives bets in the last decade to wager on long-term gains in stock market indexes in the U.S., Europe and Japan.
NEWS
November 2, 2012 | By Paul Whitefield
What does the Oracle of Omaha know that you and I don't? OK, sure, given that Warren Buffett is America's second-wealthiest man (behind only Bill Gates) with an estimated net worth of $46 billion, the smart money is on the obvious answer: “A lot.” Which explains why I'm so interested in his latest acquisition : Oriental Trading Co., the mail-order merchant that sells supplies, crafts, school supplies, toys and novelties.  Is this just a matter of buying local?  After all, Buffett's Berkshire Hathaway Inc. is based in Omaha, and so is Oriental Trading Co. Or is the 82-year-old Buffett a major party animal ?
BUSINESS
November 2, 2012 | By Tiffany Hsu
Billionaire financier Warren Buffett already has his hands in newspapers, jewelry, insurance and other holdings. Now, with the acquisition of Oriental Trading Co., the 82-year-old can add party planning. Buffett said Friday that his Berkshire Hathaway Inc. firm will buy Omaha-based Oriental Trading, the largest direct retailer of more than 40,000 discount party goods, for an undisclosed sum. Berkshire Hathaway is also headquartered in Omaha. The mail-order merchant, which sells supplies, crafts, school supplies, toys and novelties, filed for Chapter 11 bankruptcy in 2010, burdened with a huge debt load, and suffering from low consumer spending and higher costs.
BUSINESS
September 19, 2012 | Bloomberg News
Warren Buffett and Bill and Melinda Gates' initiative to get billionaires to pledge at least half their wealth to charity signed on 11 new families with a variety of causes and interests. They causes they support include medical research, science museums, "Canadianism" and the legalization of marijuana. The list of billionaires joining the Giving Pledge initiative includes Intel Corp. co-founder Gordon Moore and his wife, Betty; Progressive Corp. Chairman Peter B. Lewis; and Netflix Inc. Chief Executive Reed Hastings and his wife, Patty Quillin; according to a statement Tuesday from the campaign.
BUSINESS
September 16, 2012 | By Ricardo Lopez
Warren Buffett, the 82-year-old billionaire investor, said he has completed cancer treatment, according to a report in the Omaha Herald "It's a great day for me," he told executives from newspapers he owns -- including the Herald -- on Friday. "Today I had my 44th and last day of radiation. "   Buffett, CEO of Omaha, Neb.-based Berkshire Hathaway, had announced this spring that he was diagnosed with stage 1 prostate cancer and began radiation treatment in July. News of his health had stirred speculation about who would succeed the octogenarian whose investment enterprise owns firms in sectors such as manufacturing, utilities, insurance and newspapers.  But in a statement to reassure investors his health was good enough to stay on as chief executive, he said: "I've been told by my doctors that my condition is not remotely life-threatening or even debilitating in any meaningful way. " With radiation complete, Buffett said he will be feeling the side effects of the treatment in the next few weeks, but that he is glad to be finished.
BUSINESS
July 13, 2012 | By David Lazarus
Never one to mince words, investment poobah Warren Buffett described the U.S. healthcare system as a tapeworm in the digestive tract of the economy. This apt but disgusting metaphor does a good job of illustrating how our maddeningly dysfunctional healthcare system puts American businesses as a disadvantage compared with their overseas cousins. "The healthcare problem is the No. 1 problem of America and of American business," Buffett said in an interview with Bloomberg Television . "It's the tapeworm, essentially, of the American economy, and we have not dealt with that yet. Obamacare is a step in the right direction in many ways.
BUSINESS
July 13, 2012 | By Tiffany Hsu
Billionaire investor Warren Buffett had opinions to spare Friday, when he dished on JPMorgan's Jamie Dimon, Wells Fargo's home lending prowess, the future of the euro and newspapers, Facebook and more. “I've had enough mistakes of my own that I'm very forgiving when something like that happens,” said the Berkshire Hathaway chairman of JPMorgan Chase & Co.'s huge trading losses. Banks, Buffett said, are by their nature risk-takers - it's how they earn returns for their clients.
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