BUFFETT

Shares in Canada`s Home Capital surge as Buffett rides to rescue

Shares in Canada`s Home Capital surge as Buffett rides to rescue

Published 23/06/2017

FILE PHOTO - The entry to the Home Capital Group's headquarters is seen at an office tower in the financial district of Toronto, Ontario, Canada on May 1, 2017. Picture taken using a wide angle lens. REUTERS/Chris Helgren/File Photo

Warren Buffett's Berkshire Hathaway Inc (BRKa.N) is providing a C$2 billion loan to Home Capital Group Inc (HCG.TO) and taking a 38 percent stake in the mortgage lender, a move which is pressuring short sellers who targeted the stock as Canada's housing market has turned riskier.

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`Bailout` Buffett burnishes `lender of last resort` image

`Bailout` Buffett burnishes `lender of last resort` image

Published 23/06/2017

FILE PHOTO - Investor Warren Buffet arrives for the premiere of the film ''Wall Street: Money Never Sleeps'' in New York, U.S. on September 20, 2010. REUTERS/Lucas Jackson/File Photo

It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C$360 million (US$272 million) paper profit by propping up a major Canadian lender on life support.

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Exclusive: Buffett likely voted shares to back Wells Fargo board

Exclusive: Buffett likely voted shares to back Wells Fargo board

Published 20/04/2017

Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks at the Fortune's Most Powerful Women's Summit in Washington October 13, 2015. REUTERS/Kevin Lamarque/File Photo

Wells Fargo & Co's (WFC.N) largest investor, Warren Buffett, has likely already voted his shares to support the bank's recommendations at its contentious annual shareholder meeting next week, a representative told Reuters on Wednesday, which include reinstating most of the board's directors.

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Warren Buffett adorns Cherry Coke cans in China

Warren Buffett adorns Cherry Coke cans in China

Published 03/04/2017

File photo: Berkshire Hathaway chairman Warren Buffett drinks a can of Cherry Coke at the Berkshire Hathaway annual meeting in Omaha May 1, 2010. REUTERS/Rick Wilking

Coca-Cola Co is putting the likeness of Warren Buffett on Cherry Coke cans in China, hoping to benefit from its biggest shareholder's popularity in the country.

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Winton CEO defends firm from Buffett criticism of fees, returns

Winton CEO defends firm from Buffett criticism of fees, returns

Published 03/03/2017

Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles before speaking with Bill Gates (not pictured), at Columbia University in New York, U.S., January 27, 2017. REUTERS/Shannon Stapleton

David Harding, founder of one of the world's biggest hedge funds, on Friday defended his firm against Warren Buffett's criticism of hedge fund fees last week.

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Berkshire Hathaway gains $1.6 billion from its huge bite of Apple

Berkshire Hathaway gains $1.6 billion from its huge bite of Apple

Published 25/02/2017

FILE PHOTO - An Apple iPhone 7 and the company logo are seen in this illustration picture taken in Bordeaux, France on February 1, 2017. REUTERS/Regis Duvignau/File Photo

Warren Buffett's Berkshire Hathaway Inc (BRKa.N) is sitting on more than $1.6 billion of gains in its investment in Apple Inc. (AAPL.O) after shares of the iPhone maker surged.

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Buffett scorns tricky Wall Street accounting, but defends buybacks

Buffett scorns tricky Wall Street accounting, but defends buybacks

Published 25/02/2017

FILE PHOTO - Investor Warren Buffet arrives for the premiere of the film 'Wall Street: Money Never Sleeps' in New York, U.S. on September 20, 2010. REUTERS/Lucas Jackson/File Photo

Billionaire investor Warren Buffett on Saturday attacked what he saw as tricks used by U.S. companies to boost earnings and stock prices, but he defended one oft-criticized practice: share buybacks.

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Warren Buffett rails against fee-hungry Wall Street managers

Warren Buffett rails against fee-hungry Wall Street managers

Published 25/02/2017

File Photo: Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in Omaha, Nebraska May 3, 2015. REUTERS/Rick Wilking/File Photo

Billionaire Warren Buffett, whose stock picks over several decades have enriched generations of Berkshire Hathaway Inc (BRKa.N) shareholders, delivered a black eye to the investment industry on Saturday, urging ordinary investors to buy plain-vanilla index funds.

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Buffett mulls change to canny Bank of America stake if dividend rises

Buffett mulls change to canny Bank of America stake if dividend rises

Published 25/02/2017

A Bank of America logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith

Warren Buffett said on Saturday he plans to stick with the shrewd bet that his Berkshire Hathaway Inc (BRKa.N) made on Bank of America Corp (BAC.N), but might eventually swap the preferred stock that Berkshire owns into common stock.

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Buffett expected to tout passive investing in Berkshire annual letter

Buffett expected to tout passive investing in Berkshire annual letter

Published 24/02/2017

File Photo: Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in Omaha, Nebraska May 3, 2015. REUTERS/Rick Wilking/File Photo

Warren Buffett, widely considered one of the world's best investors, is likely to tout the merits of passive investing this weekend to readers of his annual letter to Berkshire Hathaway Inc (BRKa.N) shareholders.

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