Warren Buffett's company reported less than half as much profit in the second quarter as it took a $3.76 billion writedown on the value of its stake in Kraft Heinz as that iconic food producer considers largely undoing the merger that Berkshire Hathaway helped bankroll.

Billionaire Warren Buffett plans to attend, but not take questions, at next year’s Berkshire Hathaway shareholder meeting — a big change following his recent surprise retirement announcement.

Billionaire Warren Buffett will remain chairman of Berkshire Hathaway after Greg Abel takes over as CEO at the start of the new year.

When Warren Buffett announced at his annual shareholder meeting that he is stepping down as CEO of Berkshire Hathaway at the end of the year, he elevated a 62-year-old Canadian executive named Greg Abel who has long been one of his top lieutenants.

Warren Buffett's company reported just over one-third of last year's profit Saturday a few hours before he announced plans to retire as Berkshire Hathaway's CEO at the end of the year.

Billionaire Warren Buffett is viewed as one of the world’s greatest investors, so his annual letters to Berkshire Hathaway shareholders are always read closely for lessons.

Warren Buffett is celebrating the successes of Berkshire Hathaway’s companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate.

This year’s Berkshire Hathaway meeting gave shareholders their best chance yet to hear from the man who will one day take over as CEO when Warren Buffett is gone.

Everyone knows Warren Buffett’s successor won’t be able to match the legendary investor.

Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he’s received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisers who urge them to trade often.

A longtime Berkshire Hathaway board member says investors shouldn't expect a change of leadership at the top of the conglomerate anytime soon.

Billionaire Warren Buffett has assured investors that Berkshire Hathaway will be fine when he's no longer around to lead the conglomerate.

Billionaire Warren Buffett’s successor bought nearly $70 million worth of stock in the conglomerate he is slated to one day lead.

Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted.

Billionaire Warren Buffett says his company has benefited from some “extraordinary luck” in finding acquisitions, but he hasn’t had much of that in recent years as Berkshire Hathaway’s cash pile has grown to nearly $147 billion.

Vice Chairman Greg Abel will succeed billionaire Warren Buffett as Berkshire Hathaway CEO, according to a report.