After less than a month on the job, RSA Insurance Group Plc Chief Executive Officer Stephen Hester announced a stock sale and tapped Warren Buffett for reinsurance to help strengthen the insurer after its scandal in Ireland.
Warren Buffett’s Berkshire Hathaway Inc. is backing a $1 billion prize offered by Quicken Loans Inc. if a contestant predicts the winner of each game in the National Collegiate Athletic Association’s men’s basketball tournament.
Goldman Sachs Group Inc. director Claes Dahlback and Berkshire Hathaway Inc. reinsurance chief Ajit Jain may be called as potential defense witnesses at the insider-trading trial of ex-Goldman director Rajat Gupta, a prosecutor said.
Howard Buffett , who may help select his father’s successor at Berkshire Hathaway Inc., said Warren Buffett ’s circle of most trusted managers, like Tony Nicely and Ajit Jain , will expand to include railroad chief Matthew Rose .
Warren Buffett , the Berkshire Hathaway Inc. chief executive officer preparing the firm for his eventual departure, praised the company’s roster of CEO candidates as he criticized former manager David Sokol for his stock dealings.
Rajat Gupta, the former Goldman Sachs Group Inc. director, will probably testify next week at his insider-trading trial, his lawyer told the judge after the prosecution rested and the defense began presenting its case.
Lawyers for Rajat Gupta, the former Goldman Sachs Group Inc. and Procter & Gamble Co. director who has denied U.S. charges he leaked stock tips to Raj Rajaratnam, are investigating whether the hedge fund manager had a different inside source at the companies.
Berkshire Hathaway Inc.’s reputation as a lender of last resort will get stronger under its next chief executive officer because the company will have more capital to deploy in times of crisis, Warren Buffett said.
Rajat Gupta , the former Goldman Sachs Group Inc. director accused of passing tips to Galleon Group LLC co-founder Raj Rajaratnam, will remain silent as his insider-trading trial enters its final week, his lawyer told the judge.