OMAHA, Neb. -- TD Ameritrade Holding on Thursday said its chief operating officer, Fred Tomczyk, will become chief executive in October, replacing Joe Moglia.

OMAHA, Neb. -- Billionaires Warren Buffett and Charlie Munger say the pain many financial institutions are feeling because of the credit crunch is well deserved.

OMAHA, Neb. -- Berkshire Hathaway Inc. said Friday its first-quarter profit fell 64 percent because it recorded an unrealized $1.6 billion pretax loss on its derivative contracts, and its insurance businesses generated lower profits.

OMAHA, Neb. -- The wisdom of billionaires Warren Buffett and Charlie Munger will be on display again next weekend when the two men field questions from a throng of Berkshire Hathaway Inc. shareholders.

OMAHA, Neb. -- The chief executive officer of General Re Corp. resigned Monday amid reports that federal prosecutors were pushing for his removal.

OMAHA, Neb. -- Billionaire Warren Buffett said Monday that the U.S. economy is essentially in a recession even if it hasn't met the technical definition of one yet.

OMAHA, Neb. -- Billionaire investor Warren Buffett said Tuesday that he has offered to help out troubled bond insurers by offering a second level of insurance on up to $800 billion in municipal bonds.

OMAHA, Neb. -- Online brokerage TD Ameritrade Holding Corp. said Thursday that its net income soared 65 percent in its fiscal first quarter as trading activity increased and asset-based revenue continued to grow.