With $116 billion cash, Buffett says Berkshire needs 'huge' deals

NEW YORK (Reuters) - Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make "one or more huge acquisitions" of non-insurance businesses to bolster results at his conglomerate Berkshire Hathaway Inc.

Buffett says Berkshire can handle $400 billion mega-catastrophe

(Reuters) - A giant hurricane, earthquake or other conflagration inflicting unprecedented, catastrophic damage is likely at some point to strike the United States.

Buffett says 'terrible mistake' for long-term investors to be in bonds

NEW YORK (Reuters) - Billionaire Warren Buffett prodded ordinary investors on Saturday to stay invested in U.S. stocks, ignoring price swings, guidance from people with fancy credentials and the temptation to load up on bonds.

China's Geely makes $9 billion Daimler bet against tech 'invaders'

BEIJING/FRANKFURT (Reuters) - Chinese carmaker Geely [GEELY.UL] has built up an almost 10 percent stake in Daimler in a $9 billion bet by its chairman that he can access the Mercedes-Benz owner's technology in the growing battle for the future of automotives.

Berkshire boosts liability estimate on AIG reinsurance contract

(Reuters) - Berkshire Hathaway Inc , the conglomerate run by billionaire Warren Buffett, on Saturday disclosed a $1.8 billion increase in estimated claim liabilities under a big reinsurance contract with American International Group Inc .

ECB pulls the plug on Latvia's failing ABLV Bank

FRANKFURT/RIGA (Reuters) - Latvia's ABLV Bank is failing or likely to fail and will be wound up as saving it is not in the public interest, the European Union's Single Resolution Board and the European Central Bank (ECB) said separately on Saturday.

Trump tax cut fuels record profit for Buffett's Berkshire

(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Saturday reported a record quarterly and annual profit, fueled by a big cut in the U.S. corporate income tax rate championed by President Donald Trump.

Highlights: Buffett craves acquisitions, flags bond risks in Berkshire letter

NEW YORK (Reuters) - Below is a selection of comments from Warren Buffett's latest letter to Berkshire Hathaway Inc. shareholders, released on Saturday:

Chile president-elect plans to add more Codelco management: paper

SANTIAGO (Reuters) - Chile's President-elect Sebastian Pinera plans to create two new management units at the world's largest copper producer, state-run Codelco, to improve operations, his pick for mining minister told local paper La Tercera on Saturday.

Latvia calls emergency meeting after third-largest bank fails

RIGA (Reuters) - Latvian authorities will gather for an emergency meeting on Monday following the failure of the country's third-largest bank, the Prime minister said on Saturday, as the country kept watch for any fallout on other banks.

UPDATE 6-China's Geely makes $9 bln Daimler bet against tech "invaders"

* Geely plans to meet Daimler execs, German officials (Adds Geely plans to meet Daimler executives, hopes to meet senior German officials; bankers involved in deal)

Related Videos

Dropbox files for IPO of up to $500M

Wall Street is clearing its way back to its old highs, says Mercadien Asset Management's Ken Kamen

Read Reuters on the go

Download the free Reuters News app today for breaking news, analysis and market data from the world's most trusted news organization.

Get the app