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Buffett upbeat on American business; Berkshire operating profit down

(Reuters) - Warren Buffett on Saturday mounted a forceful and upbeat defense of the prospects for American business, as his Berkshire Hathaway Inc reported a higher quarterly profit though operating income fell. Read More


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  • Warren Buffett rails against fee-hungry Wall Street managers

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

  • Buffett scorns tricky Wall Street accounting, but defends buybacks

    NEW YORK (Reuters) - 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.

  • Once struggling loans return on red-hot demand

    NEW YORK (Reuters) - Web conferencing provider Premiere Global Services (PGi) is considering a return to the loan market to reprice its debt and even add a little more to pay a dividend after struggling to sell the same buyout-related debt last year, illustrating growing demand for´┐ŻUS leveraged loans.

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