Technology stocks are in the midst of their worst selloff in years and the upheaval in the currencies market might make the rout even worse. Read More...
Reuters
Buffett’s designated successor Greg Abel boosts Berkshire stake
Greg Abel, who is next in line to succeed Warren Buffett as Berkshire Hathaway Inc’s chief executive, spent more than $68 million on the conglomerate’s shares last week, after selling his stake in the company’s Berkshire Hathaway Energy unit for $870 million. In four regulatory filings, Abel, 60, said that on Sept. 29 he purchased 168 Class A shares of Berkshire, each costing more than $405,000, on behalf of a family trust.
