Warren Buffet buys 26 local papers, calls free online news 'unsustainable'

Source: The Verge

Warren Buffet's Berkshire Hathaway, Inc has announced it is purchasing 26 local papers, all locals. In a letter to the publishers, Buffet said that the papers would need to focus as much as possible on local ...
Full article at: The Verge  More like this  5 hours ago

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Rajat Gupta's trial: Prosecutors play FBI wiretaps

Source: New Kerala

Gupta wasn't a participant on any of the calls played for the jury Thursday at his trial for insider-trading at Manhattan federal court. Instead, Sri Lankan American Rajaratnam is heard bragging to other ...
Full article at: New Kerala  More like this  8 hours ago

Did Rajat Gupta spill the beans about Project Moon?

Source: Webindia123

A prosecution witness revealed a jam company's secret plan code-named Project Moon as government sought to prove that as a director for Goldman Sachs and Procter ...
Full article at: Webindia123  More like this  11 hours ago

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Media General completes deal with Berkshire group

Source: Richmond Times-Dispatch

Richmond-based Media General Inc. has completed a financing deal with Berkshire Hathaway Inc. that provided the company with nearly $400 million to pay off bank debt due next year. The deal also will give Om ...
Full article at: Richmond Times-Dispatch  More like this  12 hours ago

BREAKINGVIEWS - Prosecutors gain early edge in Rajat Gupta trial

Source: Reuters Mobile

Rajat Gupta, a former Goldman Sachs Group Inc. and Procter ...
Full article at: Reuters Mobile  More like this  12 hours ago

Berkshire’s PacifiCorp Must Pay $131 Million to USA Power

Source: Bloomberg.com

PacifiCorp, a Portland, Oregon-based utility and part of Warren Buffett’s Berkshire Hathaway Inc. (BRK/A), said it must pay $131 million to USA Power LLC after a state court jury in Utah ruled it stole USA Power’s ...
Full article at: Bloomberg.com  More like this  17 hours ago, 6:20pm CDT

Ex-General Re, AIG execs may settle criminal case

Source: CNBC

(Reuters) - Four former executives at Berkshire Hathaway Inc's General Re Corp and one at American International Group Inc are in talks to settle a long-running criminal case accusing them of engineering a reinsurance ...
Full article at: CNBC  More like this  18 hours ago, 5:28pm CDT

What Troubles The Washington Post?

Source: Seeking Alpha

WPO) presented investors with a compelling opportunity for above average gains. Warren Buffett saw this potential as WPO is the 13th largest holding in the Berkshire Hathaway (BRK.A) (BRK.B) portfolio. The company name could almost be "Washington ...
Full article at: Seeking Alpha  More like this  18 hours ago, 5:02pm CDT

Ex-General Re, AIG execs may settle criminal case

Source: Reuters

* Ex-Gen Re CEO, others had won reversal of convictions * Transaction said to inflate AIG's loss reserves * Talks on "global resolution" are ongoing May 25 (Reuters) - Four former executives at Berkshire Hathaway Inc ...
Full article at: Reuters  More like this  19 hours ago, 4:35pm CDT