Buffett is chairman and chief executive officer of Berkshire Hathaway. The publicly traded holding company operates a broad collection of businesses, including insurance (Geico), manufacturing (Clayton Homes), energy (MidAmerican Energy, Lubrizol) and service (NetJets). It also owns stakes in Coca-Cola, American Express, Procter & Gamble and Wells Fargo.
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.
Art Basel Miami Beach, the largest U.S. art fair, will offer more than $3 billion of mostly postwar and contemporary works when it opens to a select group of collectors today, a 20 percent increase from two years ago.
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.