Li Lu , the hedge-fund manager who helped Berkshire Hathaway Inc. find profits in China, may push Warren Buffett ’s investment company to make more deals outside the U.S. if he takes a role at the company.
Warren Buffett’s Berkshire Hathaway Inc. invested $23.9 billion in the third quarter, the most in at least 15 years, as he accelerated stock purchases and broadened the portfolio beyond consumer and financial-company holdings.
Seth Klarman almost doubled his hedge fund’s assets to $22 billion in the past two years as the industry shrank by sticking with the off-the-beaten-path investments he’s pursued since starting out in 1983.
Warren Buffett’s Berkshire Hathaway Inc. reinstated its $3.25 billion offer to buy Transatlantic Holdings Inc. for less than book value and gave the reinsurer until the close of business today to accept a bid it previously said was insufficient.
Philip Morris International Inc. , the world’s largest publicly traded tobacco company, reported a 1.3 percent increase in third-quarter profit, missing some analysts’ estimates, after raising cigarette prices.
Altria Group Inc. , Reynolds American Inc. and other cigarette sellers in the U.S. must place graphic images such as corpses and diseased lungs on the warning labels of packages and in advertisements to highlight smoking risks.