Berkshire raises stake in Korean steelmaker Posco

Filed Under (Business News) by Fred Chan on 01-03-2009

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Warren Buffett’s Berkshire Hathaway Inc on Saturday said it has increased its stake in Posco , the South Korea steelmaker, to 5.2 percent as of the end of 2008 from 4.5 percent a year earlier.- Reuters

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Berkshire has worst year, Buffett still optimistic

Filed Under (Business News) by Fred Chan on 01-03-2009

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Billionaire Warren Buffett is optimistic about the prospects for his company and the United States even though both remain mired in an economic mess he expects to continue for at least another year.

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