Warren Buffett Made a Big Bet On an ‘In-Your-Face’ CEO

Warren Buffett Made a Big Bet On an ‘In-Your-Face’ CEO

85-year-old billionaire Warren Buffett has been reliant on his managers to run Berkshire’s far-flung operations for many years. Buying the Portland, Oregon-based company Precision Castparts Corp. for $37 billion in January, was one of his biggest deals ever – and has become even more lucrative under the management of Buffett’s newest CEO Mark Donegan. While Buffett allows his “all-star” group…

The Best—and Worst—States to Avoid Income Taxes

The Best—and Worst—States to Avoid Income Taxes

Tax Day—it’s April 18 this year, for you procrastinators—is a bracing annual reminder of how deeply the government reaches into our pockets. One way to reduce your income tax burden? Switch states. Federal tax rates are the same no matter where you live, but state income taxes are all over the place. Did you know…

How Intel Makes a Chip

How Intel Makes a Chip

Bloomberg reveals how and why the development of a microprocessor is one of the riskiest, costliest, and most technically complex feats in business. While Intel rarely talks about how it creates a new chip, Bloomberg Businessweek managed to visit the Hillsboro factory in May when they were given the most extensive tour since President Obama visited in 2011….

Sixty Million Car Bombs: Inside Takata’s Air Bag Crisis

Sixty Million Car Bombs: Inside Takata’s Air Bag Crisis

This is the story of how Takata’s failures led to lethal products and the biggest auto recall in history. When Carlos Solis was driving a familiar route in his 2002 Honda Accord, little did he expect that the built in airbags meant to protect him in case of an accident, would be the cause of his death….

Congratulations, Your Genius Patent Is Now a Military Secret

Congratulations, Your Genius Patent Is Now a Military Secret

Imagine if you get a great idea and before you know it, it’s declared a government secret. Well, this is exactly what happened to a guy called Jim Geer, who patented a novel technique for tracking stealth aircraft without any intentions of attracting attention on a national level. In fact, it seemed unlikely that something practical would ever…