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NEW YORK (Reuters) - Warren Buffett, the world's richest person, said on Monday the U.S. economy is in a recession that will be more severe than most people expect.Buffett made his comments on CNBC television after

Becky Quick: Warren, thanks for joining us this morning. Appreciate it.Warren Buffett: My pleasure.Becky: People are always trying to figure out what you're doing with your cash. Why would you look at Wrigley right now? Why this deal right now?Buffett: Well, I've been conducting a 70-year taste test, Becky, since I was about seven years old, on the products. I've done the same thing with Mars products. And they met the 70-year taste test (laughs.) But to tell you the truth, the Mars people asked me about participating in this, and we are financing

Warren Buffett called into CNBC's Squawk Box this morning (Monday) to discuss Berkshire Hathaway's financing role in a $23 billion dollar deal that has candy-maker Mars buying gum-maker Wm. Wrigley Jr. Co.That's $80 a share for Wrigley

I must have been asleep over the last 3 weeks since this wee ditty was announced.Now I'm not a big Ian Wishart fan but I'm guessing that this is going to have a decent sort of impact when it comes out and as Wishart has said in his statement below he might be lucky not to have an injunction served on it by the great leader herself.

April 28 (Bloomberg) -- Mars Inc. and Warren Buffett's Berkshire Hathaway Inc. may be close to buying Wm. Wrigley Jr. Co. for more than $22 billion in a deal that would combine two of the biggest U.S. candy makers, the Wall Street Journal reported.The purchase of the maker of Doublemint gum, which had a market value last week of $17.1 billion, may be announced as early as today, the Wall Street Journal and New York Times reported, citing unidentified people familiar with the matter. Wrigley rose as much as 28 percent in Frankfurt trading.

The dilemma I would be facing now if I was a minister in the New Zealand Government is, if I gave to go ahead for the Hong Kong based, Cheung Kong Infrastructure Holdings (CKI) to buy 100% of Vector (NZ Herald story) energy's[VCT] lines infrastructure, in the Wellington region, then I would be going against a decision I made just a few weeks ago to refuse the sale of a non-controlling interest in Auckland International Airport

SAN FRANCISCO (MarketWatch) -- Mars Inc. and Warren Buffett's Berkshire Hathaway Inc. are close to a deal to buy Wm. Wrigley Jr. Co. for more than $22 billion, according to a media report Sunday.Such a deal would unite two icons of the U.S. candy business with global reach: Wrigley(WWY) the chewing-gum maker, and Mars, the closely held company behind Snickers chocolate bars and M

Mars Inc. and Warren Buffett's Berkshire Hathaway Inc. were close to a pact to acquire Wm. Wrigley Jr. Co. for more than $22 billion, according to people familiar with the matter, in a deal that would remake the global confectionary landscape.