News Warren Buffett spent most of 2013 amassing fortunes of over £23million a day through investments into food manufacturing giants like Heinz, which he bought earlier this year

Warren Buffett spent most of 2013 amassing fortunes of over £23million a day through investments into food manufacturing giants like Heinz

Hedge fund billionaire 'violated Goldman ethics'

Jurors in the trial of Raj Rajaratnam, the hedge fund executive accused of insider dealing, came face to face yesterday with one of Wall Street's most powerful bankers, as the Goldman Sachs chief executive, Lloyd Blankfein, took the witness stand.

Business Diary: SNP delegates eye public transport

An email arrives from theScottish National Party with the following proud title: "Big turnout for SNP conference event". The event in question turns out to be a fringe meeting where Stewart Stevenson, the former SNP transport minister, was talking about "the importance of developing skills in the passenger transport sector". No doubt Mr Stevenson is a fascinating speaker, but what does it say about the SNP's confidence in the electorate that so many of its conference delegates want to hear more about being bus or train drivers?

Business Diary: Why Buffett isn't buying Apple

More wise advice from the sage of Omaha on the secret of investing successfully: stick to buying what you understand, even if that means missing out on bandwagons everyone else appears to be jumping upon. So, says Warren Buffett, while he remains a long-term fan of Coca-Cola, he won't be sticking any money into Apple. "Even though Apple may have the most wonderful future in the world, I'm not capable of bringing any drink to that particular party and evaluating that future," he confesses.

Buffett bags Lubrizol chemicals firm for $9bn

Just two weeks after telling his shareholders he had "reloaded" his "elephant gun" and was on the hunt for acquisitions, Warren Buffett's Berkshire Hathaway bagged one of the biggest takeovers in its history – a $9bn (£6bn) purchase of the industrial lubricants giant Lubrizol.

Galleon insider-dealing trial opens in New York

The Wall Street hedge fund giant Raj Rajaratnam "knew tomorrow's business news today", thanks to a network of high-level insider tipsters, a jury was told, as the largest insider trading trial in a generation got under way in Manhattan.

David Prosser: Enemies queuing to take a bite out of Apple

The treadmill on which Apple is running is travelling ever faster and the number of people who would like to shove it off isgrowing by the day

Buffett anoints successor to manage his billions

Warren Buffett, who heads the beloved American conglomerate Berkshire Hathaway, has named an obscure 39-year-old hedge fund manager to oversee much of the company's money, making him the favourite to succeed the billionaire investment guru. For the past five years, Todd Combs has run a Connecticut hedge fund called Castle Point Capital, which withstood the financial crisis, despite investing almost solely in financial companies.

Business Diary: The Beeb's sly dig at Osborne

Revenge for the miserly licence fee settlement awarded to it by the Government? BBC News 24's live coverage of George Osborne's spending review statement in the Commons yesterday was interrupted by an inadvertent switch ofpictures back to the studio. The feed from Parliament was restored in time for Mr Osborne to formally announce the details of the BBC settlement, but it was hardly a respectful response.

Business Diary: Not just an ordinary bear

Does the punishment fit the crime? When US hedge fundmanager Paul Greenwood pleaded guilty last month to defrauding clients, he no doubt expected the American courts to be tough with him. But even before the sentence is handed down, the pain has begun for Greenwood: he's been forced to auction his collection of 1,350 teddy bears, which until now have been displayed inpresentation cases at his home. Amazingly, the bears are thought to be worth £2m.

Richest dynasties back in the money after crunch

The top of the list of US billionaires is still dominated by dynastic wealth, according to the latest annual survey by Forbes magazine, while 272 of the 400 richest Americans are self-made.

Business Diary: O'Leary doesn't take the biscuit

A taste of his own medicine for Ryanair boss Michael O'Leary. Financial News reports that Mr O'Leary got short shrift from the folk at hedge fund business Gradient Capital Partners, where he recently popped in for a visit. "No, you have to bring your own," was reportedly the response when Ryanair's cost-cutter extraordinaire asked whether he might be getting a biscuit with his cup of tea. Let's hope Gradient charged him to use its toilets too.

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US betrayal of old ally brings limited reward

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VIPs gather for opening of second Suez Canal - but is it really needed?
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Man Booker Prize 2015: Anna Smaill - How can I possibly be on the list with these writers I have idolised?

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The haunting of Shirley Jackson: Was the gothic author's life really as bleak as her fiction?

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Was the gothic author's life really as bleak as her fiction?
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These dishes are so easy to make, our chef is almost embarrassed to call them recipes
Ashes 2015: Tourists are limp, leaderless and distinctly UnAustralian

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A woefully out-of-form Michael Clarke embodies his team's fragile Ashes campaign, says Michael Calvin
Blairites be warned, this could be the moment Labour turns into Syriza

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Survivors of the Nagasaki atomic bomb attack: Japan must not abandon its post-war pacifism

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Jon Stewart: The voice of Democrats who felt Obama had failed to deliver on his 'Yes We Can' slogan, and the voter he tried hardest to keep onside

The voter Obama tried hardest to keep onside

Outgoing The Daily Show host, Jon Stewart, became the voice of Democrats who felt the President had failed to deliver on his ‘Yes We Can’ slogan. Tim Walker charts the ups and downs of their 10-year relationship on screen