brk

A hot topic on Wall Street last week was who would potentially replace the Oracle of Omaha at Berkshire Hathaway when he leaves. The latest candidate? Li Lu, a relatively unknown fund manager whose portfolio has averaged a 24% annual return.

Warren Buffett told the people who attended the Berkshire Hathaway (BRK.A) annual meeting that the company's earnings for the most recent quarter were down some. The company had first-quarter operating earnings of $1.7 billion, down from $1.9 billion in the same quarter a year ago. Tucked in...

Uber-investor Warren Buffett's Berkshire Hathaway (BRK.A) is in danger of losing its credit rating from Standard & Poor's, the credit rating firm said Tuesday, citing concerns that losses on equity investments are sapping the company's strength. Fitch Ratings, another big bond rater, already...