Latest freight railroad layoffs and Wall Street pressure renew concerns about safety and service
The latest rail layoffs this week, combined with an investment fund's ongoing campaign for control of Norfolk Southern, are renewing concerns among unions and regulators about all the cuts hurting safety and service.
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Warren Buffett credited his longtime partner โ the late Charlie Munger โ with being the architect of the Berkshire Hathaway conglomerate heโs received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisers who urge them to trade often.
Clock ticking for Haslam family to sell stake in Pilot truck stops to Berkshire Hathaway this year
The clock is ticking for Cleveland Browns owner Jimmy Haslam and his family to decide whether to sell their remaining stake in the Pilot truck stop chain to fellow billionaire Warren Buffet's Berkshire Hathaway company.
Warren Buffett, James Simons and Phil Knight are among the top charity donors of 2023
Investment guru Warren Buffett topped The Chronicle of Philanthropy's annual list of the biggest charitable donations in 2023, with his $541.5 million gift to the Susan Thompson Buffett Foundation, named for his first wife, who died in 2004.
Berkshire can't use bribery allegations against Haslam in Pilot truck stop chain accounting dispute
A Delaware judge says Warren Buffettโs Berkshire Hathaway will not be allowed to use allegations that billionaire Jimmy Haslam tried to bribe employees at the Pilot truck stop chain as Berkshire defends itself in a trial over Pilotโs accounting practices.
Buffett's Berkshire Hathaway says Haslams offered bribes to inflate Pilot truck stops earnings
Warren Buffettโs Berkshire Hathaway says the billionaire Haslam family tried to bribe at least 15 executives at the Pilot truck stop chain with millions of dollars to get them to inflate the companyโs profits this year because that would force Berkshire to pay more for the Haslamsโ remaining 20% stake in the company.
Haslams say Warren Buffett's Berkshire wants to take money out of their pockets in truck stop deal
The billionaire Haslam family says in a lawsuit that Warren Buffett and Berkshire Hathaway are trying to artificially depress the price the company is obligated to pay for the familyโs remaining 20% stake in the Pilot Travel Centers truck stop company after paying nearly $11 billion since 2017 for the first 80% it bought.
Warren Buffett's firm invests in the biggest homebuilders while reducing GM stake in portfolio moves
Warren Buffettโs company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Hortonโs stock this spring along with smaller stakes in fellow builders Lennar Corp. and NVR Corp. Berkshire revealed those new investments Monday in a quarterly filing with the Securities and Exchange Commission that shows the conglomerateโs holdings as of the end of June.
Warren Buffett has given $50.7 billion toward historic pledges to the Gates Foundation and others
After 17 years of steady payments, Warren Buffett has to date given annual donations totaling $50.7 billion toward his historic multibillion-dollar pledges to the Bill & Melinda Gates Foundation and to four foundations connected to his family, according to a Chronicle tally.
Engineers frustrated with rails even as others get sick time
Tens of thousands of engineers remain frustrated with the lack of paid sick time and the demands railroads like BNSF are making in negotiations despite the progress that has been made this year with sick time deals for most of the other rail unions.
Bill Gates joins 26 newcomers on list of 50 biggest donors
As the ranks of Americaโs super wealthy grow, the roster of major philanthropists is expanding to include not-so-typical megadonors โ among them, a professional clarinetist, a Ph.D. in meat science, and a lawyer who regularly argues before the U.S. Supreme Court.
Profit plummets at Buffett's company on investment gains
Warren Buffettโs company reported a third-quarter profit that was roughly one-third the amount of last yearโs profit because of much smaller paper gains on the value of its investments, but most of its businesses were continuing to recover from the effects of the pandemic.
Police: 1 dead, 12 wounded in Tennessee Kroger shooting; shooter dead
A shooter attacked a grocery store in an upscale Tennessee suburb on Thursday afternoon, killing one person and wounding 12 others before the shooter was subsequently found dead of an apparent self-inflicted gunshot wound at the store, authorities said.
Leak of billionaires' tax data draws GOP outcry over privacy
Republicans in Congress are alarmed by the leak of confidential IRS data to ProPublica that has enabled the investigative news organization to reveal that famous billionaires including Warren Buffett, Bill Gates and Mark Zuckerberg paid little in U.S. income tax at times.