Buffet world's richest man

NEW YORK, March 6 (UPI) -- Investor Warren Buffet, worth an estimated $62 billion, has overtaken Bill Gates as the richest man on Earth, Forbes magazine reported Wednesday.

Fearing the unknown

WASHINGTON, March 5 (UPI) -- The most dangerous feature of the subprime crisis is that nobody knows how big the losses could be.
MARTIN WALKER, UPI Editor Emeritus

U.S. markets hold their own Monday

NEW YORK, March 3 (UPI) -- U.S. markets declined slightly Monday on word from financier Warren Buffet that the insurance business would see declining profits in 2008.

Buffett: Wall Street believed own PR

SAN FRANCISCO, Dec. 12 (UPI) -- U.S. investor Warren Buffet criticized Wall Street for "believing its own PR" about the investment vehicles underlying the mortgage foreclosure crisis.

Teacher inspired by Buffet gives $128M

NEWTOWN, Pa., Sept. 19 (UPI) -- A retired schoolteacher inspired by billionaire Warren Buffet gave $128 million to a Quaker high school in one of the largest U.S. secondary school gifts ever.

Bill Gates now tackling bridge competition

NASHVILLE, July 22 (UPI) -- Having conquered the global computer industry, multi-billionaire Bill Gates has entered the North American Bridge Championships in Nashville, Tenn.

Mexico's Slim tops Buffet as No. 2 richest

MEXICO CITY, April 12 (UPI) -- Mexican telecom titan Carlos Slim Helu has quietly slipped ahead of Warren Buffet as the world's second-richest man, Forbes magazine said.

Warren Buffet looks for successor

OMAHA, March 2 (UPI) -- Warren Buffet is looking for a "younger" person to succeed him as Berkshire Hathaway Inc.'s chief investment officer, the 76-year-old U.S. investor says.

Warren Buffet No. 1 charitable donor

WASHINGTON, Feb. 16 (UPI) -- Billionaire investor Warren Buffett was 2006's top U.S. donor to charitable causes, giving $43.5 billion to nonprofit organizations, a survey said Friday.

Berkshire takes on Lloyds' asbestos claims

LONDON, Oct. 20 (UPI) -- Berkshire Hathaway Inc. said Friday it agreed to pay $7 billion for the asbestos claims of Lloyd's of London, the British insurance company.

Berkshire Hathaway buying Russel Corp.

ATLANTA, April 17 (UPI) -- Berkshire Hathaway is buying Atlanta's Russell Corp., which makes athletic gear, for about $594 million in cash.

Coca-Cola has novel way to pay directors

ATLANTA, April 6 (UPI) -- Atlanta-based Coca-Cola Co. plans to tie directors' pay to changes in share price.

Warren Buffet buys big electric utility

DES MOINES, Iowa, May 24 (UPI) -- A unit of Warren Buffet's Berkshire Hathaway said Tuesday it had agreed to a $9.4 billion deal for PacificCorp, a big Northwestern utility.

Jockstrip: The world as we know it

Trash cans could heighten bomb blasts ... Lakshmi Mittal richest in Britain ... Reward offered for Tasmanian tiger ... The world as we know it from UPI.
By United Press International

Lakshmi Mittal richest in Britain

LONDON, April 3 (UPI) -- U.K. steel magnate Lakshmi Mittal saw his wealth quadruple last year, making him the Britain's richest man, according to the Rich List of the Sunday Times.

Bill Gates again tops Forbes richest list

NEW YORK, March 11 (UPI) -- Microsoft founder Bill Gates enters his second decade as the world's richest man as Forbes Magazine releases its annual list of the top 400.

Restoring corporate trust

HOUSTON, Feb. 9 (UPI) -- Among the more embarrassing cartoon strips lampooning corporate CEOs over the last several years was cartoonist Rick McGee's sketch of two burglars breaking int
ARCHIE W. DUNHAM and LES T. CSORBA, Outside View Commentators

Whoever wins, Wall Street wants certainty

WASHINGTON, Nov. 1 (UPI) -- Few things rattle Wall Street more than uncertainties, so a decisive presidential election result by Wednesday morning, regardless of who wins, would make inves
SHIHOKO GOTO, UPI Senior Business Correspondent

Warren Buffet invests in Lloyds of London

LONDON, July 14 (UPI) -- Warren Buffett is backing a plan to consolidate the smaller insurers of Lloyd's of London, the Financial Times reported Wednesday.

Bottom Line: Short on global longs

WASHINGTON, April 9 (UPI) -- Two weeks ago, "Bottom Line" reviewed the internal crises of democracy around the world and found plentiful reason for short-term optimism on global stock marke

Berkshire Hathaway reports record profits

OMAHA, March 8 (UPI) -- Berkshire Hathaway Inc. reported its highest ever annual profit on Saturday, citing increased profits from higher insurance and reinsurance rates charged by com

Billionaire Oprah revives book club

CHICAGO, Feb. 28 (UPI) -- Oprah Winfrey has joined the elite billionaire's club.

Review: Levitt's 'Take on the Street'

WASHINGTON, Dec. 10 (UPI) -- In June of 2000, a meeting was held in midtown Manhattan between representatives of the U.S. Securities and Exchange Commission and the heads of three of the Big Five accounting firms. Heading up the SEC delegation was the then agency Chairman Arthur Lev

Analysis: The business of risk - I

SKOPJE, Macedonia, May 22 (UPI) -- Risk transfer is the crux of modern economies. Citizens pay taxes to ever expanding governments in return for a variety of "safety nets" and state-sponsored insurance schemes.
SAM VAKNIN, UPI Senior Business Correspondent
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