Sunday, 8th November 2009

 

3 July 2009 - Press Briefing

Buffett donates $1.5bn Berkshire shares to charities

Warren Buffett on Wednesday donated nearly $1.5bn (€1.1bn) of Berkshire Hathaway shares, in connection with his 2006 pledge of his holdings to charitable causes, a regulatory filing revealed, according to a Reuters report.

The billionaire investor gifted 428,688 Berkshire Class B shares to the Bill and Melinda Gates Foundation, and 87,884 shares to four family charities.

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Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Sotheby's 3Q loss widens

Sotheby's third-quarter loss widened as the art auction house posted a worst-than-expected decline in revenue and a tax expense.

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