Word: buffett
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Where does this Arabian Warren Buffett think of investing next? East, it seems. His investment in News Corp. is based on a hunch that Murdoch's empire can grow by leaps and bounds in Asia. Says the prince: "Liberalization of media and entertainment in China and India will have a tremendous boost on News Corp. shares." Motorola is already in China. Earlier this year, Alwaleed made a 15-nation scouting trip through Asia and placed his first direct investment, taking a piece of the Shanghai Trade Center, which will be the tallest skyscraper in the world when it is finished...
RIYADH, Saudi Arabia: He's the Bedouin Buffett. The Donald of the Desert. The Soros of the Sands. He's Prince al-Waleed bin Talal, and he's known for betting big ? and winning big ? on solid but out-of-favor companies like Apple and TWA. Tuesday, however, the Prince's office announced some more traditional plays as part of the Prince's effort to push into media and technology...
...touches on his first Broadway musical, The Capeman, based on the life of a New York City teen convicted of a gang murder in 1959. Elton John wrote most of the songs for The Lion King, a stage version of the hit movie, opening on Broadway next week. Jimmy Buffett has tried his hand at a musical--Don't Stop the Carnival, which had a successful run last spring in Miami--and so has Randy Newman, whose musical version of Faust is shopping for a new venue after stagings in La Jolla and Chicago. Even country star Garth Brooks...
...culture. Subsequently, Goizueta became one of the most highly regarded of all CEOs, having turned one of the world's most nonessential consumer products into a money spinner with annual sales of $18.5 billion. "No one loved the Coca-Cola company more than Roberto," said Berkshire HathawayCEO Warren Buffett, a Coke board member. "He was a great leader and a great gentleman...
...1980s. That swagger was staggered by a government bond-trading scandal in 1991 from which the firm never really recovered. Needing to broaden its portfolio beyond bonds to stay competitive, Salomon CEO Deryck Maughan approached Weill in August with a proposal. When Weill got the blessing of Warren Buffett, the billionaire investor who controls an 18.5% stake in Salomon that has yielded un-Buffett-like returns, the union...