Jan 11 2018
Ajit Jain, head of Berkshire Hathaway Reinsurance Group, on April 30, 2016 at the annual meeting of Berkshire Hathaway in Omaha, Neb.
Berkshire's board will grow to 14 members from 12 with the addition of Abel and Jain.
Buffett said he had no idea about how or when things would go bad for Bitcoin and other cryptocurrencies, however: "When it happens or how or anything else, I don't know".
He said his company, Berkshire Hathaway, does not own any Bitcoin futures, nor is it taking a short position for Bitcoin or other cryptocurrencies.
Abel, now chairman and CEO of Berkshire Hathaway Energy, will assume the role as vice chairman of non-insurance business operations.
He declined to say how long he expected to remain at the helm but said: "Ten years would be a long time".
SpaceX claims malfunctioning rocket worked just as it was supposed to
Reuters/Scott AudetteThe unmanned Falcon 9 rocket launched by SpaceX lifts off from the Cape Canaveral Air Force Station. A standard Falcon 9 rocket launch costs about $62 million , and this was SpaceX's third national-security launch.
Justin Timberlake Drops "Filthy" Video, Channels Steve Jobs
Justin Timberlake released the lead single to his fourth studio album earlier this morning titled " Filthy ". Justin Timberlake applied a special condition on his new song "Filthy": that it be played "very loud".
Teenager murders family members on New Year's Eve
The prosecutor said the teenager's grandfather and brother were not targeted and left the home unharmed, according to The A.P. He's expected to make a court appearance on January 2.
"I love what I do at Berkshire", he said.
Buffett, 87, who was treated for prostate cancer some years ago, described himself in "remarkably good health" in the CNBC interview.
Abel, who grew up in Alberta, Canada, joined Berkshire Hathaway Energy in 1992.
In late-morning trading, Berkshire Class A shares rose $2,010 to $306,530 and its B shares rose $1.61 to $204.63. His Iowa-based unit now runs several power companies in the United States, Canada and Britain, as well as natural gas pipelines and solar and wind farms. He now serves as executive vice president of National Indemnity Co. "Why in the world should I take a long or short position in something I don't know anything about?"
Mr Buffett told CNBC that the changes should be nearly imperceptible from the outside. But Greg Abel and Ajit Jain will also become vice chairmen and take on more duties. Over the last decade, Berkshire's Buffett brought in two hedge fund managers, Ted Weschler and Todd Combs, for investing in publicly traded stocks. He now serves as executive vice president of National Indemnity Co.
Jan 10 2018
Oil Prices Hit Three-Year Highs on Growth, Geopolitics
The agreement, which was implemented at the start of 2017, was meant to rein in the global supply glut and raise prices. West Texas Intermediate (WTI) crude futures had risen to US$61.67 a barrel by 9:22 a.m.
Jan 10 2018
Paul Ryan says bipartisan talks are ongoing to address DACA
But then a few minutes later, Trump said DACA could come first and reform could come down the road, or immediately after.
Jan 09 2018
Billionaire Democrat, Tom Steyer to oust Trump, Republicans
The book portrays Trump as a Republican candidate who did not actually expect to win the presidency and questions his mental fitness for office.
Jan 09 2018
GoPro Cuts Hundreds of Jobs, Stock Falls 25 Percent
GoPro's stock saw a spike in downside bets amid the negative news, with traders initiating almost 1.5 million of new short sales. Dusaniwsky said that since then, short interest in GoPro is down by more than one-third at $234 million.
Jan 09 2018
Google faces racial discrimination lawsuit from fired engineer
The lawsuit was filed in Santa Clara Superior Court by attorneys Harmeet Dhillon, Radveep Grewal and Gregory Michael from Dhillon Law Group .
Jan 07 2018
John Young, US astronaut and pioneer, dies aged 87
Young began his career at NASA in 1962, when he was selected from hundreds of young pilots to join NASA's second astronaut class. NASA later rebuked Young for the antics, which generated criticism from lawmakers and the media, but his career did not suffer.
Jan 07 2018
President Trump Signs Order Disbanding Voter Fraud Commission
Jon Husted has said voter fraud does exist in OH , but it's rare. The email's subject line was "Dissolution of the Commission". Undoubtedly, this is the case in most other states.
Jan 07 2018
Injured Dale Steyn may miss rest of Test series
South Africa's star pacer Dale Steyn is unlikely to bowl further in the ongoing first Test against India at Newlands, Cape Town. Bhuvneshwar, who finished with 4/87, too agreed that De Villiers took the game away from India.
Jan 06 2018
My Next Guest Needs No Introduction With David Letterman | Trailer [HD] | Netflix
Episodes will each feature one person who Letterman finds fascinating, with interviews both inside and outside a studio setting. Subsequent episodes will be released once a month from February through June, adding up to a total of six 60-minute episodes.
Jan 05 2018
Chelsea 'on brink of signing Ross Barkley from Everton'
Barkley's exit will bring an end to his association with Everton , the club he joined as an 11-year-old and represented more than 150 times.
Jan 10 2018MI couple wanted in death of 4-year-old arrested in Georgia
Jan 10 2018Vivo Showcases the World's First Smartphone with an In-Display Fingerprint Sensor
Jan 10 2018Ibuprofen May Affect Men's Sexual Health, Study Finds
Jan 09 2018Princess Charlotte Looks So Big In New Nursery School Photos
Jan 08 2018Trump postpones his 'fake news' awards
Jan 07 2018KMart closing in Rutland in early April
Jan 07 2018Jammu and Kashmir: Four policemen killed in IED blast at Sopore
Jan 07 2018Coutinho to join Barcelona from Liverpool in deal worth $192 million
Jan 06 2018'Jeopardy!' On Hiatus As Alex Trebek Recovers From Brain Surgery
Jan 02 2018Six days of Iran protests: 20 dead, 450 arrested
Jan 11 2018Ohio Department of Health reports state's first pediatric flu death of season
Jan 10 2018Teacher handcuffed after speaking about pay
Jan 09 2018Senior Egyptian Intelligence Officer Asks TV Hosts to Accept US Jerusalem Announcement
Jan 09 2018Pink will sing national anthem at Super Bowl
Jan 09 2018American Red Cross makes urgent request for blood and platelet donations
Jan 09 2018Ally Sheedy calls out Golden Globes for James Franco win
Jan 09 2018Firefighters respond to blaze at Trump Tower
Jan 08 2018Unhappy Farmers Dump Potatoes Outside CM Adityanath's Residence, Police To Take Action
Jan 08 2018Transport workers in TN reject Madras HC direction to call off strike
Jan 06 2018LG Introduces Compact 4K Projector That Can Create 150-inch Screen
Jan 05 2018Apple: Mac And iOS Vulnerable To Meltdown And Spectre Flaws
Jan 02 2018Assam's first draft of NRC identifies 1.9 crore as Indian citizens