WARREN BUFFETT

Credit ratings agency S&P threw a monkey wrench in the works by downgrading its long-term credit rating for the U.S. from AAA to AA+, just days after President Obama signed a debt-limit compromise.

Shares in reinsurer Transatlantic Holdings rose more than 8 percent on Monday despite broad and deep market declines, after Warren Buffett's Berkshire Hathaway made an unsolicited offer over the weekend to buy the company.

A unit of Warren Buffett's Berkshire Hathaway Inc jumped into the bidding war over Transatlantic Holdings Inc, offering to buy the reinsurer for $3.24 billion.

S&P?s stunning and controversial downgrade Friday in part reflected the firm?s assumptions about the U.S. political system?s ability to solve its problems. Others hold a more optimistic view, as Winston Churchill did. Churchill said, ?In the end, you can count on America to do the right thing - after she?s exhausted all other possibilities.?

Warren Buffett's conglomerate Berkshire Hathaway Inc reported a larger second-quarter profit on Friday, as favorable investment results and strength in the rail and manufacturing businesses offset another underwriting loss in insurance.

Warren Buffett's conglomerate Berkshire Hathaway reported a larger second-quarter profit on Friday, as favorable investment results and strength in the rail and manufacturing businesses offset another underwriting loss in insurance.

Kraft Foods Inc Chief Executive Irene Rosenfeld is breaking up the food giant, just 18 months after driving through the controversial acquisition of UK chocolate maker Cadbury.

The U.S. economy grew at a slow-crawl pace in the first half of this year, slower than economists had expected. Unemployment remains high also. Until companies stop hoarding cash and start hiring again, the environment isn't likely to change soon.

For years now, America has been spending more money than we take in. The result is that we have too much debt on our nation's credit card - debt that will ultimately weaken our economy, lead to higher interest rates for all Americans, and leave us unable to invest in things like education, or protect vital programs like Medicare. Presdient Barack Obama said

POSCO <005490.KS>, the world's No.3 steelmaker, warned of weakening demand growth and persistently high input costs in the second half, after posting a 17 percent fall in quarterly operating profit.

POSCO <005490.KS>, the world's No.3 steelmaker, met market expectations with a 17 percent fall in quarterly operating profit on Friday, hurt by firm raw material costs and cheaper products from Japanese rivals after the March 11 earthquake.

The chorus of voices warning against a US debt ceiling induced default is growing.

A Chinese-government affiliate ratings agency, Moody's, Warren Buffett, and Federal Reserve Chairman Ben Bernanke all warned lawmakers and Obama on the looming US debt ceiling.

Rajat Gupta, the former Goldman Sachs Group Inc. director, can proceed with a suit claiming the U.S. Securities and Exchange Commission violated his rights when it filed an administrative action accusing him of passing illegal stock tips and thereby denying him a jury trial, reports say.

Time Inc.'s Fortune magazine released its annual Fortune Global 500 list, which is a ranking of the top 500 corporations worldwide as measured by revenue. Start slideshow to view a gallery of the top 10 biggest companies in the US.

Warren Buffett made a legendary mark as a financial leader in the 20th century, but is he past his prime in the 21st century?

Investor Warren Buffett has donated another $1.78 billion to several charities, with the bulk going to the Bill & Melinda Gates Foundation, as part of his plan begun in 2006 to donate 99 percent of his wealth.

Investor Warren Buffett has donated another $1.5 billion to the Bill & Melinda Gates Foundation, part of his plan that began in 2006 to donate 99 percent of his wealth.

Warren Buffett bets housing and unemployment will improve in America by late 2012 more than many economists expect.

Berkshire Hathaway Vice Chairman Charlie Munger on Friday stuck by Chinese auto maker BYD <1211.HK>, which has become one of Berkshire's most controversial investments amid poor performance and revelations about its business practices.

Perhaps the time has come to turn the page on Warren Buffett's leadership role