Berkshire resumes buying Phillips 66 stock: Reuters

By Reuters News — 1 week ago

Berkshire Hathaway Inc (BRKa.N), the conglomerate run by Warren Buffett, has resumed its purchases of Phillips 66 (PSX.N) stock, and spent roughly $832 million in January to boost its stake even as the oil refiner’s profit margins narrowed, Reuters News reported.


Surge In Deals For Banks? Probably Not

By Steve Bills — 4 years ago

Don’t expect a couple of recent big investments of private money into the banking industry to signal a resurgence of dealmaking in the sector, market watchers say. A pair of buyout funds, WL Ross & Co. LLC and The Yucaipa Companies, have made commitments to invest $50 million apiece in Amalgamated Bank, a $4.4 billion […]


Obama Pitches Changes to Carried Interest; PEGCC Rebuts “Buffett Rule”

By Luisa Beltran — 4 years ago

President Obama’s plans to change the carried interest tax is getting more attention today.

Obama on Monday pitched a plan, which uses tax increases and entitlement cuts, to slash the federal deficit by $3 trillion, according to the New York Times. In the PE world, it’s the President’s introduction of the so-called “Buffett Rule” — which aims to change carried interest — that is getting tons of play.

Obama called to overhaul the tax code, Bloomberg News reported Monday. His plan aims to eliminate the “special lower rates for the wealthy,” which were “meant to be temporary,” the story says.