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Young entrepreneurs pitch ideas to investor Warren Buffett, win prizes for their businesses

OMAHA, Neb. - Meeting Warren Buffett is exciting, but 10-year-old Matthew Meyer says winning $5,000 and 10 shares of stock in Buffett's company made Monday the best day of his life. Matthew says winning the grand prize in a contest tied to "The Secret Millionaire's Club" cartoon makes him "rich-ish." The Cincinnati boy won the individual competition with a writing aid he designed. The cartoon, featuring an animated Buffett teaching financial lessons, airs on the Hub cable network and online at www.smckids.com .

Philanthropic campaign by Gates and Buffett gets more pledges

MIAMI (Reuters) - Nine more wealthy families and individuals have pledged to give at least half of their fortunes to charity as part of a philanthropic campaign by two of the world's richest men, Warren Buffett and Bill Gates. The Giving Pledge, which was launched by Gates, the co-founder of Microsoft, and investor Buffett in 2010, said on Tuesday that billionaires joining the campaign included New York-based real estate magnate Stephen Ross.

Warren Buffett joins Twitter, gains 1,000 followers a minute

(Reuters) - Warren Buffett accumulates Twitter followers even faster than he makes money. The 82-year-old "Oracle of Omaha" joined the service and sent his first tweet on Thursday, picking up more than 45,000 followers in just under 45 minutes. "Warren is in the house," Buffett said under the handle "@WarrenBuffett."

Billionaire Warren Buffett finds new online venue to share career advice he offers students

OMAHA, Neb. - Billionaire investor Warren Buffett encouraged young workers to find jobs they are passionate about as he offered career advice online Tuesday on a variety of topics. Buffett regularly takes time out of schedule to meet with groups of students from about 40 colleges every year and answer their questions on life and business. Buffett likes to compare what he does as chairman and chief executive of Berkshire Hathaway to painting a masterpiece on canvas, and because he loves what he does, it doesn't feel like work.

Warren Buffett says son Howard qualified to be nonexecutive chairman

OMAHA, Nebraska (Reuters) - Warren Buffett's son, Howard, will take over as Berkshire Hathaway Inc's nonexecutive chairman someday in order to ensure that Berkshire has the right chief executive in place, the elder Buffett said on Saturday. Warren Buffett has said in the past that Howard would assume that role when his father was no longer running Berkshire. The "Oracle of Omaha" said Saturday that Howard would take that role primarily "in case a mistake is made" in picking a CEO.

Buffett says he, Berkshire board in agreement on next CEO

By Jonathan Stempel and Jennifer Ablan OMAHA, Nebraska (Reuters) - Warren Buffett and the board of his conglomerate Berkshire Hathaway Inc are "solidly in agreement" on who should be the company's next chief executive, he said at Berkshire's annual shareholder meeting on Saturday. But Buffett, as with past practice, did not actually name his successor as CEO. Speculation usually focuses on a small group of top Berkshire executives, among them insurance boss Ajit Jain and railroad leader Matt Rose.

Buffett says Berkshire will own Heinz stake forever, doesn't see problem in partnering with 3G

OMAHA, Neb. - Investor Warren Buffett says he expects Berkshire Hathaway to own a stake in ketchup-maker H.J. Heinz Co. forever, and he doesn't see a problem in taking a partner — the Brazilian investment firm 3G Capital — in the $23.3 billion deal.

Asian stocks climb on US jobs report

Asian markets rose Monday after a strong US jobs report revived optimism over the US economic recovery and drove Wall Street to record highs. Hong Kong shares rose 0.99 percent, or 225.13 points, to close at 22,915.09 while Shanghai advanced 1.16 percent, or 25.67 points, to 2,231.17. Sydney added 0.52 percent, or 26.7 points, to 5,156.2. Tokyo and Bangkok were closed for holidays.

Buffett says stock market prices still reasonable but bonds are a terrible investment now

OMAHA, Neb. - Investor Warren Buffett said even though the stock market is soaring, prices appear reasonable, and stocks would be a better investment than bonds for most people. Buffett conducted interviews Monday on CNBC and the Fox Business Network cable channels after a weekend full of events in Omaha for Berkshire Hathaway shareholders. "Bonds are a terrible investment right now," Buffett said.

Asian stocks climb on US jobs report

Asian markets rose Monday after a strong US jobs report revived optimism over the US economic recovery and drove Wall Street to record highs. Hong Kong shares rose 0.99 percent, or 225.13 points, to close at 22,915.09 while Shanghai advanced 1.16 percent, or 25.67 points, to 2,231.17. Sydney added 0.52 percent, or 26.7 points, to 5,156.2. Tokyo and Bangkok were closed for holidays.
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