A small sweepstakes company in Dallas says the Internet company owes it $4.4 million for backing out of a contest that would have paid $1 billion to anyone who correctly picked the entire NCAA men's basketball tournament. Sound familiar?
FORTUNE -- Warren Buffett may have gotten an assist in coming up with his billion-dollar basketball bet.
In mid-January, Quicken Loans, along with Warren Buffett, announced it would pay $1 billion to anyone who MOREStephen Gandel, senior editor - Feb 3, 2014 4:53 PM ET
Berkshire Hathaway ended up partnering with Quicken Loans on one of history's largest-ever prizes for a perfect NCAA basketball bracket.
By Anne VanderMey, reporter
FORTUNE -- Last month's much-hyped $636 million "Mega Millions" jackpot has nothing on Warren Buffett's latest giveaway plan: $1 billion for the perfect NCAA bracket.
The prize -- $50 million bigger than the largest-ever lotto payout -- will go to the entrant who correctly predicts every winner in MOREJan 22, 2014 5:00 AM ET
Berkshire is buying a division of Phillips 66 with shares of the company it already owns. Neat trick.
FORTUNE -- Warren Buffett is turning one of his biggest blunders into a deal for Berkshire Hathaway.
On Monday, Berkshire (BRKA) announced it was acquiring a specialty chemical division of oil refiner Phillips 66 (PSX). To pay for the deal, Berkshire is going to use Phillips 66 shares it holds, handing them back to MOREStephen Gandel, senior editor - Dec 30, 2013 6:44 PM ET
HeisenBuffett is back! He made his debut on Warren Buffett's Twitter feed when Breaking Bad ended. Now he's the star on Buffett's Christmas card.
Photo courtesy of Warren BuffettDec 23, 2013 10:03 AM ET
At Fortune's Most Powerful Women Summit, Warren Buffett continued to warn against a debt default but remained positive on the economy.
FORTUNE -- As Congress scrambles to lift the nation's borrowing limit and avoid the risks of defaulting on its debt, billionaire investor Warren Buffett joined critics of the debt ceiling, calling the 1930s law originally intended to give the government more flexibility to borrow funds "a weapon of mass destruction."
"It MORENin-Hai Tseng, Writer - Oct 16, 2013 10:57 AM ET
A letter to Katharine Graham offers an early window into how Warren Buffett thinks about investing.
FORTUNE -- One of the (many) things that surprised people about the recent $250 million sale of the Washington Post to Amazon (AMZN) founder Jeff Bezos was the health of the Washington Post's pension plan. At a time when most pension plans are struggling, the Post has $1 billion more than it needs. (As part of the MOREStephen Gandel, senior editor - Aug 15, 2013 7:00 AM ET
Despite his recent acquisitions, Warren Buffett may not be as optimistic about the future of print as some people think.
FORTUNE -- With the sale of the Washington Post, Warren Buffett is once again showing the limits of his love affair with newspapers.
Warren Buffett's Berkshire Hathaway (BRKA) is the largest outside investor in The Washington Post Co. (WPO) and has held the stock for four decades. Berkshire holds just over 1.7 MOREStephen Gandel, senior editor - Aug 6, 2013 5:00 AM ET
The company made more money from both its investments -- which have outperformed the market overall -- and in its operating businesses than it did a year ago.Stephen Gandel, senior editor - Aug 2, 2013 6:47 PM ET
Doris Buffett, 85, wants to teach young people how best to contribute to charity. Giving With Purpose, a six-week online course, is a family affair.
By Carol Loomis
FORTUNE -- The name Buffett is in the news, but the first name is Doris, not Warren. His older sister by three years -- that makes her 85, him 82 -- she is pursuing a decade-long interest by sponsoring a new, free, online MOREJun 25, 2013 5:00 AM ET
Berkshire Hathaway spent some time promoting its sneaker brand Brooks at its annual meeting.
FORTUNE -- I ran three miles in Warren Buffett's shoes.
For the first time, this past weekend, Berkshire Hathaway (BRKA) hosted a five-kilometer run on the Sunday of its annual meeting. I ran. Buffett did not.
But he was there to shoot the starting gun, give out awards and add, of course, some folksy charm. Berkshire has owned sneaker MOREStephen Gandel, senior editor - May 9, 2013 1:46 PM ET
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