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www.imdb.comIn an eight-page letter published Monday, Warren Buffett said he'll donate 2.7 million of his shares to four family foundations. Berkshire Hathaway's earnings can swing wildly from quarter to quarter because it has to record the current value of its massive investment portfolio. Union Pacific is seeking to buy Norfolk Southern in a $85 billion deal that would create the first transcontinental railroad in the U.S. … Warren Buffett announced Saturday he would step down as CEO of Berkshire...
www.cbsnews.com#### Warren Buffett has announced he will step down as CEO of Berkshire Hathaway at the end of the year. The 94-year-old spoke at Berkshire's annual shareholders meeting in Omaha, Nebraska, on Saturday. Greg Abel is expected to take over, pending board approval. The announcement came as Buffett warned that the United States shouldn't use “trade as a weapon.”
www.cbsnews.comBerkshire Hathaway is controlled by Warren Buffett, who is chairman and chief executive of the company which owns a range of companies, including GEICO and NetJets, a substantial stake in Heinz, and has stakes in American Express, Procter & Gamble and IBM. The company is noted for outperforming the stock market under the leadership of Buffett, a value investor.
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