Berkshire Hathaway, the holding company headed by Warren Buffett, "the sage from Omaha," and second in wealth to Bill Gates among Americans, recently completed its purchase of Business Wire, the leading global distributor of corporate news, multimedia and regulatory filings. The purchase was noted at the NYSE earlier this week.
The Subotnick Center receives the Business Wire feed, among other news feeds. It is available full-text on Factiva and I frequently use it to help accounting students and faculty determine when companies have announced particular news or specific financial matters--such as restatements, etc. Announcing news on Business Wire meets public disclosure requirements of the SEC. A lot of people follow Buffett's investments.
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