Berkshire Hathaway: Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger

Berkshire Hathaway: Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger

OMAHA: Warren Buffett credited his longtime partner – the late Charlie Munger – with being the architect of the Berkshire Hathaway conglomerate he’s received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often. Buffett also recounted how … Read more

Occidental Petroleum: Occidental lands $12 billion takeover of shale producer CrownRock

Occidental Petroleum: Occidental lands  billion takeover of shale producer CrownRock

HOUSTON: Occidental Petroleum on Monday agreed to buy closely-held US shale oil producer CrownRock in a cash-and-stock deal valued at $12 billion including debt, expanding its presence in the largest US shale oilfield. The deal comes amid a new wave of shale consolidation underpinned by Exxon Mobil’s $60-billion proposed deal for Pioneer Natural Resources and … Read more