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Baby Matters on board with Nap Nanny recall
NEW YORK, Feb. 25 (UPI) -- Warren Buffett, the head of U.S. investment giant Berkshire Hathaway, said the firm had chosen his successor, but he has not said who it is.
Buffett said in a 22-page letter to shareholders he is in "excellent health" and has no plans of "going anywhere."
The Wall Street Journal reported Saturday Buffett's letter points out there were two backup candidates for the job in case the heir-apparent, for some reason, does not accept the job.
The letter said the board at Berkshire Hathaway has had a great deal of "exposure" to the nominal successor, which suggests he or she is someone who already works at the firm.
Berkshire Hathaway is an investment firm that has made Buffett one of the richest men in the country, frequently appearing as No. 1 or No. 2 on the Forbes list of wealthiest individuals.
But he is 81 years old and the company's chairman, chief executive officer and chief investment officer. That makes his successor the heir to possibly many roles, although Buffett has said his work would be divvied up among several individuals when he quits working.
His letter says the transition to a new CEO will be "seamless."
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BOURGET, France, June 17 (UPI) --
The first of four French E-3F Airborne Warning and Control aircraft is being upgraded by Air France Industries, a sub-contractor to Boeing of the United States.
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WASHINGTON, June 17 (UPI) --
Senior U.S. military officials are looking into ways to counter the potential risk of enemy forces including terrorists acquiring unmanned aircraft to attack U.S. targets.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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