Warren Buffett News: Investment Plans, Suncor Energy Inc. (USA) (SU)’s Stock & Berkshire Hathaway Inc. (BRK.A)

Berkshire again cuts stakes in Kraft, Mondelez (LasVegasSun)
Warren Buffett’s Berkshire Hathaway again cut its stakes in Kraft Foods Group Inc (NASDAQ:KRFT) and Mondelez International Inc (NASDAQ:MDLZ), the packaged food companies that split up late last year. As of June 30, Berkshire had 192,666 shares in Kraft, according to a regulatory filing with the Securities and Exchange Commission. That’s down 88 percent from the stake reported as of March 31. Its stake in Mondelez was slashed by 92 percent to 578,000 shares.

Warren Buffett’s 10 favorite stocks (USAToday)
Warren Buffett is one of the wealthiest men in the world. The chief executive officer and largest shareholder of Berkshire Hathaway (BRKA) has successfully navigated decades of market turmoil, becoming a billionaire in the process. As a result, he is also one of the most closely followed investors. Courtesy of a new filing, individual investors have a peek at how Buffett is investing. Many institutional investment managers recently filed their mandatory 13-F with the Securities and Exchange Commission. The filing is a quarterly report of equity holdings required by managers that oversee more than $100 million in qualifying assets and must be filed within 45 days of the end of each quarter. The 13-F provides a glance at what hedge funds did in the previous quarter, but investors should keep in mind that hedging and trading strategies of each fund are still unknown.

Warren Buffett Will Buy You Dinner If You Make Him $5 Billion (NYMag)
Having lunch with fabled billionaire Warren Buffett is usually a pretty expensive proposition, on the order of a million dollars or so. But Bank of America Corp (NYSE:BAC) CEO Brian Moynihan was recently able to convince Buffett to open his wallet and buy him dinner. All he had to do was make the Berkshire Hathaway baron $5 billion richer in two years. …hares of Bank of America have risen more than 100 percent since Buffett took a similar stake in Bank of America in August 2011—leading Buffett to thank Moynihan for what is now a $5.27 billion paper profit for Berkshire Hathaway in just two years, these people said.

Buffett and Moynihan share a meal… and a deal? (CNBC)