Berkshire Hathaway

Billionaire Warren Buffett says his company has benefited from some "extraordinary luck" in finding acquisitions like BNSF railroad over the decades, but he has not had much of that in recent years as Berkshire Hathaway's cash pile has grown to nearly $147 billion.

Amazon is offering a new software that can mine medical records for information, the Wall Street Journal reports. The software can reportedly scan digitized patient records and pull out data, a service that healthcare professionals can use when considering treatments and hospitals can use to cut costs.

CNN) - Sweet. Elon Musk says he's starting a candy company.

The billionaire entrepreneur tweeted Saturday that he is "super, super serious" about starting his own confections enterprise.
"It's going to be amazing," Musk wrote.

It immediately set tongues wagging, with more than 100,000 likes by Saturday evening and Twitter users basically salivating at the prospect.

The richest people in the world have lost $ 114 billion due to the sharp drop in US stock markets on Monday, Bloomberg said.

Bloomberg refers to its real-time "list of billionaires" in connection with market quotes of assets.

Among 550 businessmen on the list, 18 people lost more than $ 1 billion on Monday night.

Preferred bidder Exin has asked for another deadline extension, until February 21, in order to consolidate the stakeholder lineup that will finance the acquisition of 75 percent of Ethniki Insurance.

Exin Financial Group has been given 10 days to submit to the Bank of Greece all the information required for the acquisition of Ethniki Insurance, while also having to answer the crucial question of the buyer's composition.

Exin Financial Group has pledged that by end-January it will have submitted the details of the funding needed to acquire Ethniki Insurance. So far the group is said to have informed the monitoring authorities and National Bank of Greece that Pimco and Berkshire Hathaway will participate in the deal's financing.

American billionaire Warren Buffett's Berkshire Hathaway group has officially become the top shareholder in Bank of America after exercising its right to buy 700 million shares at a discount.

Buffett had received the warrants in 2011 after investing $5 billion in the bank, which was suffering at the time from the fallout from the global financial crisis.

Investor Warren Buffett's holding company Berkshire Hathaway significantly slashed its Walmart stock last quarter, opting to invest billions in airlines and technology instead.

Warren Buffett's Berkshire Hathaway will buy Precision Castparts, a leading metal products supplier to the aerospace industry, for $37.2 billion, the companies said on Aug. 10 in a joint statement.