Hayman Capital Management LP has taken a stake in General Motors Co., said a person familiar with the matter, indicating further investor confidence in the auto industry’s recovery as the U.S. winds down its ownership role.
Andrew Liveris, the chairman and chief executive officer of Dow Chemical Co., said he’s not going to be hurried into paying too much to redeem $3 billion of convertible preferred shares held by Warren Buffett.
General Re-New England Asset Management, a unit of Warren Buffett’s Berkshire Hathaway Inc., said Federal Reserve policies that lifted stocks have also introduced systemic risks that could cause shares to tumble.
Warren Buffett’s Berkshire Hathaway Inc. reduced its holdings of Energy Future Holdings Corp. debt by a third after the Texas power provider made an interest payment and staved off a bankruptcy filing, according to a person with knowledge of the transaction.
Progressive Corp. Chairman Peter B. Lewis, the billionaire who turned a company founded by his father into one of the biggest U.S. auto insurers and later pushed to legalize marijuana, has died. He was 80.