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  Berkshire Hathaway
Last updated: 07:40:39 Thursday Aug 13, 2009


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  • Ex-AIG CEO, others to pay $115 million to settle lawsuit: source
    NEW YORK (Reuters) - Former AIG chief executive, Maurice "Hank" Greenberg, and five other defendants, have agreed to pay $115 million to settle a shareholder lawsuit, according to a person familiar with the matter.   Activities:2008 AIG Crisis   Source:(Reuters)   2009-08-13

    CIT Group sweetens debt buyback offer
    NEW YORK - Small-business lender CIT Group Inc. said Friday it has sweetened some terms of a buyback offer for $1 billion of debt and repeated that it may have to seek bankruptcy protection if enough noteholders don't agree to it.   People:Warren Buffett   Source:(AP)   2009-07-24

    Warren Buffett says second stimulus might be needed
    WASHINGTON (Reuters) - Legendary investor Warren Buffett said in an interview aired on Thursday unemployment could hit 11 percent and a second stimulus package might be needed as the economy struggles to recover from recession.   People:Barack Obama Warren Buffett   Activities:Obama Stimulus Package   Source:(Reuters)   2009-07-09

    Buffett's Berkshire has first loss since 2001
    NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc posted its first quarterly loss since 2001, hurt by losses on derivative contracts, a big investment in the oil company ConocoPhillips, and the weakening economy.   Nations:U.S.   People:Warren Buffett   2009-05-08

    Buffett dispenses gloom at Berkshire fest
    OMAHA, Nebraska (Reuters) - Warren Buffett told a record crowd at a somber annual meeting of his Berkshire Hathaway Inc that first-quarter operating profit fell and the company's book value declined 6 percent, as the recession hurt many of the company's businesses and investments.   Nations:Australia U.S.   People:Warren Buffett   Activities:Global Financial Crisis   Source:(Reuters)   2009-05-03

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