The Latest Breaking News from Berkshire

Greg Abel is expected to take the helm at Berkshire Hathaway as the Buffett era draws nigh.

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Berkshire Hathaway CEO Warren Buffett announced Saturday that he plans to step down by the end of the year.

Influential billionaire investor Warren Buffett said Saturday he would retire from leading his Berkshire Hathaway business group by the end of the year and that he would recommend his chosen successor Greg Abel take over.

Billionaire investor Warren Buffett says he wants to step down as chief executive of Berkshire Hathaway at the end of the year

‘Oracle of Omaha’ stuns shareholders, but says he will maintain investments in group and will still be ‘hanging around’.

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

Admired for his investing prowess and a taste for the simple things in life rather than luxury, billionaire Warren Buffett has won public affection even as he amassed a fortune for the ages -- riches that the "Oracle of Omaha" has pledged to give away.

Billionaire shocked audience of investors with disclosure and said his vice-chair, Greg Abel, should take over