Tag Archives: Berkshire

[unable to retrieve full-text content]Warren Buffett: ‘There will be no finish line’ at Berkshire Hathaway  Yahoo Finance Source link

Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) has continued trimming its large stake in Chinese automaker BYD (1211.HK), according to a filing listed today with the Hong Kong Stock Exchange. As reported by Reuters, the filing states that Berkshire Hathaway unloaded 3.297 million Hong Kong-listed shares of BYD, netting $71.35 million in proceeds. Following the sale, Berkshire’s stake in BYD dropped to 17.92% from 18.22%, still keeping Berkshire a large shareholder. However, today’s… Source link

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. won approval from US regulators to buy as much as 50% of Occidental Petroleum Corp. after spending months snapping up its shares. Occidental’s stock had its biggest gain in five months. Most Read from Bloomberg The Federal Energy Regulatory Commission said in a filing published Friday that Berkshire’s proposed stock purchases are “consistent with the public interest.” Berkshire applied for the authorization on July 11, FERC… Source link

By Jonathan Stempel (Reuters) -The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims. Rising interest rates and… Source link

By Jonathan Stempel (Reuters) – The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run by billionaire Warren Buffett on Saturday reported a $43.8 billion loss. Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims. Rising interest rates… Source link

Berkshire Hathaway (BRK-A, BRK-B) kicks off its first in-person shareholder since 2019, bringing droves of investors to downtown Omaha, and one longtime investor explained why shareholders are so dedicated to the company. Despite Warren Buffett and Charlie Munger’s prominence as spokespeople of the company, it isn’t just about them, Garner Russo Managing Member Tom Russo told Yahoo Finance Live (video above). “What sets Berkshire apart from other companies,” Russo said, “is that the culture is… Source link

All-cash transaction provides significant premium, delivering substantial and certain value for Alleghany stockholders Strong strategic fit between Berkshire Hathaway and Alleghany Alleghany and its subsidiaries will continue to operate as an independent entity with increased capital strength and support from Berkshire Hathaway OMAHA, Neb. & NEW YORK, March 21, 2022–(BUSINESS WIRE)–Berkshire Hathaway (NYSE:BRK.A; BRK.B) and Alleghany Corporation (NYSE:Y) today jointly announced they have… Source link

By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle climate risk and reduce greenhouse gases, and improve diversity. The company, run by Buffett since 1965, also said the 91-year-old received $373,204 in compensation for 2021, down from $380,328 a year earlier, comprising his usual $100,000 salary plus personal and home security. Though Buffett’s… Source link

Tesla CEO Elon Musk.Chris Saucedo/Getty Images for SXSW Billionaire investor Charlie Munger once told people at a lunch “all the ways Tesla would fail,” Elon Musk recounted. Musk said the Berkshire Hathaway vice chairman’s comment made him “quite sad.” Tesla is currently the world’s most valuable carmaker with a market capitalization of $954.3 billion. Elon Musk said billionaire investor Charlie Munger once told people at a lunch “all the ways Tesla would fail.” The Tesla CEO was responding to a… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, August 9, 2021 Berkshire Hathaway’s own shares were Berkshire’s big buy in the second quarter Berkshire Hathaway (BRK-A, BRK-B) released its quarterly results on Saturday morning.  Total revenue for the conglomerate hit $69.1 billion in the second quarter while earnings per share came in at $18,488 per Class A share.  But as has been the… Source link