Tag Archives: Berkshire Hathaway

Apple tops Fortune’s ‘most admired’ companies list

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CORRECTION: This post has been updated to remove an incorrect reference to TeamHealth of Knoxville appearing on Fortune’s 2014 ‘Most Admired’ companies list. The 2014 list did not include companies in TeamHealth’s industry sector

For the seventh consecutive year, Apple is No. 1 overall on Fortune’s list of the Top 50 World’s Most Admired Companies, followed by Internet retailer Amazon.com and Internet search engine Google.
Rounding out the top five are investment guru Warren Buffett’s firm, Berkshire-Hathaway, and coffee giant Starbucks.
Tennessee’s only representative among the Top 50 is FedEx Corp. The Memphis-based package delivery company is No. 8 overall and No. 2 in the delivery industry, behind Germany’s Deutsche Post.
The Top 50 list and industry sector rankings are based on a survey of executives, directors, and analysts who rate companies in their industry on a variety of criteria, including investment value and social responsibility.

Click here for Fortune’s complete list of World’s Most Admired Companies.

Buffett boosts bet on newspapers

The newspaper industry got a dose of good news today with word that billionaire Warren
1e5ec597e241f20c0e0f6a7067003053.jpgBuffett’s company Berkshire Hathaway is buying 63 papers from Media General Inc. for $142 million.

The deal includes the Richmond Times-Dispatch and would give Buffett 25 dailies across the coutnry.

Newspapers have had tough times in recent years, but Buffett apparently sees a brighter future as papers implement paywalls for their online products.

“We may buy more newspapers. I think the economics work out OK,” Buffett told shareholders at Berkshire’s annual meeting earlier this month.

More details:

Reuters: Warren Buffett to buy Media General newspapers

Poynter: Media General, Warren Buffett agree on paywalls

Washington Business Journal: Warren Buffett to buy Media General

 

 

Buffett bullish on economy

In case you missed it, the Oracle of Omaha says the economy is headed in the right direction.

Economy+Leaders.jpg“I am a huge bull on this country,” Warren Buffett,CEO of Berkshire Hathaway, said Monday in remarks to the Montana Economic Development Summit. “We will not have a double-dip recession at all. I see our businesses coming back almost across the board.”

Not everyone considers what Buffett says as gospel, but there’s a reason he is one of the world’s richest investors. Actually, there are a bunch of reasons.

Here’s what some others think about Buffett’s comments.

Bloomberg report: Buffett Rules Out Double-Dip Recession Amid Growth

TheStreet: Stop Listening to Warren Buffett: Today’s Outrage

AP report: Buffett, Balmer predict bright economic future

The Daily Reckoning: Buffett Commands

AP Photo: Warren Buffett