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| Sebelius tapped as health secretary
February 28, 2009 at 7:05 pm
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| Read full story for latest details. |
| Buffett's worst year
February 28, 2009 at 9:16 am
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|  Berkshire Hathaway reported today that its net worth fell in 2008 by $11.5 billion, a decline reducing its per-share book value by 9.6%. That was Berkshire's worst result in the 44 years that Chairman Warren Buffett has run the company and, in fact, only the second decline in that period. The other drop was 6.2% in 2001, a year hurt by 9/11 and other problems in Berkshire's insurance operations. |
| Buffett's happy monoline snub
February 28, 2009 at 8:55 am
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|  Sometimes the best deals are the ones you don't get. |
| Buffett's bailout headache
February 28, 2009 at 8:53 am
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|  Warren Buffett is no critic of federal aid to the financial system. But the Berkshire Hathaway chief says the government's decision to provide low-cost credit to troubled firms is taking a hefty toll on his Clayton Homes housing finance business. |
| Buffett's paper losses pile up
February 28, 2009 at 8:52 am
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|  Derivatives, the investments Warren Buffett famously scorned as "financial weapons of mass destruction," are proliferating at Berkshire Hathaway. But so far, there are no signs Berkshire risks a blowup. |
| The Buffett-doubter discount
February 28, 2009 at 8:49 am
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|  Warren Buffett on Saturday deemed Berkshire Hathaway's 2008 earnings and investment performances "unsatisfactory." Judging by some unusual recent action in Berkshire shares, he isn't alone in that assessment. | | |
Warren Buffett is no critic of federal aid to the financial system. But the Berkshire Hathaway chief says the government's decision to provide low-cost credit to troubled firms is taking a hefty toll on his Clayton Homes housing finance business.
Warren Buffett on Saturday deemed Berkshire Hathaway's 2008 earnings and investment performances "unsatisfactory." Judging by some unusual recent action in Berkshire shares, he isn't alone in that assessment.
Berkshire Hathaway reported today that its net worth fell in 2008 by $11.5 billion, a decline reducing its per-share book value by 9.6%. That was Berkshire's worst result in the 44 years that Chairman Warren Buffett has run the company and, in fact, only the second decline in that period. The other drop was 6.2% in 2001, a year hurt by 9/11 and other problems in Berkshire's insurance operations.
Fasten your seat belts. The week ahead could be critical as the stock market sits on the precipice of nearly 12-year lows.
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