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Warren Buffett has made giving away Berkshire Hathaway stock a Thanksgiving tradition. He just donated $866 million worth of shares to his family's foundations, echoing last year's gift. Buffett discussed wealth and philanthropy, and revealed fresh details about his estate planning. The famed investor donated close to $900 million worth of his company's stock to four of his family's foundations on Tuesday, topping his nearly $800 million gift last November. He gave 1.5 million B shares to The Susan Thompson Buffett Foundation, named after his late wife, and 300,000 shares to each of his three children's organizations: The Sherwood Foundation, The Howard G. Buffett Foundation, and NoVo Foundation.
Persons: Warren Buffett, Buffett, , Warren Buffett's, Susan Thompson Buffett, Howard G, Melinda Gates, — Howard, Susan, Peter —, Greg Abel Organizations: Berkshire Hathaway, Service, Berkshire Hathaway's, Susan Thompson Buffett Foundation, The Sherwood Foundation, Buffett Foundation, NoVo Foundation, Melinda Gates Foundation, Berkshire Locations: Berkshire
Frank Howard, the Bunyanesque slugger who struck some of baseball’s more awesome home runs for the Los Angeles Dodgers and the Washington Senators while rolling up a prodigious strikeout total as well, unable to conquer his penchant for chasing bad balls, died on Monday in Aldie, Va. His death, at a hospital, was caused by complications of a stroke, his daughter Catherine Braun said. Listed at 6-foot-7 and 255 pounds — though well above that weight at times — Howard played for 16 seasons in the major leagues and hit 382 homers. Many of his home runs — and even some hits that didn’t clear the fence — were unforgettable. As a Dodger in 1960, he hit a ball over the left-field wall at Forbes Field in Pittsburgh that was found alongside a parked car some 560 feet from home plate.
Persons: Frank Howard, Catherine Braun, — Howard Organizations: Los Angeles Dodgers, Washington Senators, American League, Dodger, Forbes Field Locations: Aldie, Va, Pittsburgh
Citigroup — Citigroup rose more than 1% after its third-quarter revenue climbed more than analysts expected, helped by rising interest rates. However, its earnings fell 25% from the year-earlier period as it bulked up its credit loss provisions and investment banking slumped. Wells Fargo — The bank stock was up 3% after Wells Fargo reported quarterly earnings and revenue that topped analysts' expectations. US Bancorp - Shares of US Bancorp rose 3.7% after the bank's third-quarter earnings came in above Wall Street analyst expectations. First Republic Bank — The bank stock dropped more than 14% after First Republic posted its third-quarter results.
If you aren't yet a subscriber to Investing Insider, you can sign up here. Confusing times call for clarity, and the Investing team at Business Insider is here to unpack the ever-changing market landscape. -- JoeJoin Business Insider on July 8 at 12 p.m. Fund manager Aram Green specializes in finding promising companies that are about to start getting a lot more attention. Business Insider spoke with three experts who laid out where they think investors should be looking and putting their money ahead of likely market fluctuations.
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