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.
Bio-Rad Laboratories Inc., a maker of medical screening and research equipment, rose the most in more than three years on speculation the family-run company may be open to a sale after the death of its founder.
Warren Buffett’s Berkshire Hathaway Inc. is poised to become one of Goldman Sachs Group Inc.’s largest shareholders without paying anything after the companies agreed on a plan to settle warrants granted at the height of the 2008 financial crisis.
Warren Buffett’s bet on Bank of America Corp. and a more-generous buyback plan helped his Berkshire Hathaway Inc. beat the Standard & Poor’s 500 Index in a year when he didn’t make a major acquisition.
Douglas Kass, the investment manager betting against Berkshire Hathaway Inc., accepted billionaire Warren Buffett’s challenge of asking bearish questions about the company at its annual meeting in May.