Posts tagged 'Warren Buffet'

The GS Bank IC Buy Open List Options GS & Co c/o Zurich Office account mystery

Paul Murphy is the founding editor of FT Alphaville.

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| Feb 16 11:58 | Comment |

There’s been a fierce and fascinating response from the SEC to evidence of clairvoyant dealings in Heinz ahead of news of the Buffett/3G Capital takeover offer. The statement is here and the full SEC complaint is here.

Following reports of unusual activity in Heinz call options on Nasdaq on Wednesday – the day before the Heinz news broke — the SEC has obtained an emergency order freezing assets in a Zurich, Switzerland-based trading account which it reckons benefited to the tune of $1.7m from the Buffett/3G bid. Read more

Snap news

| Sep 26 2011 07:55 | Comment |

Breaking pre-market news on Monday,

- Aberdeen Asset Management says it has seen some slowing of gross inflows — statement. Read more

Sokol speaks…

| Mar 31 2011 15:08 | Comment |

… and when he looks back at Thursday’s interview with CNBC it might be with some regret.

When you are in a hole, stop digging etc… Read more

Buffett warns on derivatives legislation

Tracy Alloway used to be deputy editor of FT Alphaville. Here she learned the details of derivatives, the absurdities of accounting and the various structures of ... erm ... structured finance. She now covers big US banks for the FT paper, including Goldman Sachs and Morgan Stanley. She pops up on FT Alphaville every once in a while.

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| May 03 2010 02:32 | Comment |

Warren Buffett has stepped up his warnings over the impact of any move by the US Congress to bring in retroactive rules on the use of derivatives contracts, reports the FT. The Berkshire Hathaway chief executive reassured a crowd of 37,000 at the investment vehicle’s annual meeting at the weekend that the plans would not cost the company “a dime”. But he said that counterparties to Berkshire’s portfolio of derivatives deals would face increased costs. Read more

America’s Next Top Capitalist: Magic Johnson vs Goldman vs Wal-Mart

| Nov 17 2009 20:30 | Comment |

On Tuesday, Bloomberg scooped its rivals with a story that Goldman “cuddly squid” Sachs would be teaming up with Warren Buffett to provide assistance — ranging from counseling to help in obtaining funding — to 10,000 small US businesses.

But they’re not the only ones getting in on the helping middle (market) America game, as the La Times reported: Read more

Buffett to sell other rail stakes

| Nov 10 2009 04:39 | Comment |

The chief executive of Burlington Northern Santa Fe Corp said Warren Buffett’s Berkshire Hathaway is liquidating its stakes in rival railroad companies Norfolk Southern Corp and Union Pacific Corp, as Berkshire prepares to close its purchase of BNSF, reports the WSJ. According to a regulatory filing, BNSF CEO Matthew Rose told staff on Nov 3 that Berkshire “will be disposing of both those holdings between now and the transaction date”. Read more