U.S. Morning Call: Buffett dealing with prostate cancer
Tuesday, April 17, 2012 - 02:24
April 18 - Berkshire Hathaway's Warren Buffett says he will be undergoing treatment for prostate cancer, raising questions about his succession.
▲ Hide Transcript
▶ View Transcript
Here's -- offer this Wednesday Warren -- dealing with prostate cancer. 81 year old oracle of Omaha saying he will undergo two months of daily radiation treatment starting in July. But it -- stage one cancer which medical experts say doesn't even require treatment. Some patience is just not accurate it is bringing up questions about the future leadership of Berkshire Hathaway. Analysts and investors have said for for many many years now that the biggest question they had a company is. Who would take over when Berkshire I need a new CEO. Both and always been fairly circumspect about that you don't always said I'm in good health and Italy and ninety's issue. But the pressure has mounted over the years. Class B shares down slightly in the premarket they are roughly flat over the past year. -- as close to selling infant nutrition business sources telling Reuters an -- working on closing a deal for ten million dollars. The purchase would boost its business in China and extend its lead in the world. A formula milk for babies either put it -- -- for sale last year following its purchase of quiet in 2009. I think shares up about 10% over the past year. And just good -- court doesn't need more negative publicity. The Wall Street Journal reporting that company is expecting this and half the voting rights of its not American shareholders. The move comes after it found out it broken US law that limits foreign ownership to 25%. The suspension will last until the company's compliance with the ownership limits according to the Paper. Investors -- a chance to weigh in on earnings from several technology companies today -- Intel. At chipmaker late Tuesday reporting profit that beat on sales that were in line. It also lowered its sales forecast for the next quarter though some analysts are optimistic about propping up. -- already having too -- asked them it's a highly rated analysts who believe. That Intel's earnings per share could be as high as 61 cents for the second quarter this is stronger than the consensus mean a 55 cents. IBM and Yahoo! also reporting results IBM seeing profit growth on a drop and hardware sales like it reported its first quarterly sales growth. In three years. Other stocks to watch it PNC financial the company posting a lower profit that topped forecasts helped I have fallen provision for credit losses. And Halliburton the oil field services company saying its profit rose and North American revenue reached a record high. That's when you call this Wednesday on Rogers if it's brighter -- insider.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code