Goldman Sachs is teaming up with billionaire Warren Buffet to aid 10,000 small businesses around the nation setting up a fund, which is worth $500 million dollars. It intends to support the small businesses to create jobs and provide economic advice to aid the U.S. economy. However, critics ask why now?
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Willim Buffett's Berkshire Hathaway (BRKA), which already has owns an over 23 percent stake in Burlington Northern Santa Fe (BNI), said on Tuesday it would acquire the remaining 77.4 percent of the company in a cash-and-stock offer worth $100 per share. The deal will also include the assumption of $10 billion in Burlington Northern debt.
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In businesses, the employees that work the hardest are usually the people who feel important to the business, and Warren Buffett's CEOs are the perfect example.
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For the second year in a row, Bill Gates tops the exclusive 2009 Forbes 400, the yearly list of the richest people in America. However, it's the first time in seven years that the rich got poorer. Not in the sense of the average guy getting by, but they didn't gain income as is usually the case. Bill Gates lost $7 billion since September 2008 and now has a net worth of $50 billion.
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U.S. Bancorp CEO Richard Davis says demand for loans is lower than the bank's appetite to lend, which turns the conventional wisdom on its head.
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Speaking at Fortune's Most Powerful Women Summit, Warren Buffett was asked who he would like to have play him in the movie of his life. His answer? George Clooney. He then thought about it and didn't get much beyond mentioning Clooney before went on to inform and enlighten a captured audience during his keynote conversation.
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When Warren Buffett speaks, people listen. Now everyone is trying to figure out what Buffett and his company, Berkshire Hathaway is exactly saying after their moves during the second quarter of 2009. A period in which Buffett and Berkshire sold more stocks and invested more in bonds than in a five year period. The question people are asking is what does it mean when Buffett sells stocks and buys bonds?
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The famous business magazine has released its annual Forbes Billionaires 2009 list, which is shrinking and naturally, reflecting the falling global economy.
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Berkshire Hathaway Reports 62% Drop in 2008 Profit: Warren Buffett detailed his worst year leading Berkshire Hathaway, but remains optimistic about the future.
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With Fiorina admitting she believes neither Palin nor McCain could run a business, the question immediately comes to mind: "Yeah, but could Obama?" Well, an authority no greater than the richest businessman in the world thinks Obama could.
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“The 19th century belonged to England, the 20th century belonged to the U.S., and the 21st century belongs to China. Invest accordingly.”
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