Tag Archives: Hathaway

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

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) -Warren Buffett’s Berkshire Hathaway Inc on Saturday said many of its businesses are enjoying strong recoveries from the early depths of the coronavirus pandemic, fueling rebounds in profits and revenue. The company Buffett has run since 1965 also signaled the billionaire’s confidence in its future by repurchasing $6 billion of its own shares in the second quarter, even as its stock price regularly set new highs. Omaha, Nebraska-based Berkshire’s manufacturing,… Source link

Bloomberg European Companies Seen Splurging $180 Billion on Buybacks (Bloomberg) — Fear and caution in European boardrooms may be fading, as a pick-up in buybacks shows rising confidence that more cash can be returned to shareholders instead of shoring up balance sheets.Just as blue chips including LVMH, L’Oreal SA and BP Plc announce large buybacks, Societe Generale SA strategists estimate that European companies will spend 150 billion euros ($180 billion) to purchase their own shares next… Source link

NEW YORK – Today, Yahoo Finance, the leading business and financial news brand, announced Moomoo Inc., a financial brokerage and wealth management platform, as the Title Sponsor of the 2021 Berkshire Hathaway Shareholders Meeting live stream event. Yahoo Finance will return, for the sixth consecutive year, as the exclusive live stream host of the meeting on Saturday, May 1st beginning at 12:30pm ET. Watch the live stream here: https://finance.yahoo.com/brklivestream. Berkshire Hathaway’s… Source link

Berkshire Hathaway’s Annual Shareholders Meeting, known as the “Woodstock for Capitalists”, is one of the most well–attended shareholder meetings in the world.  In the new normal, the event will be broadcasted remotely. Yahoo Finance will connect moomoo’s 13 million users to the only destination for investors and professionals to hear directly from billionaire investor Warren Buffett. Millions of people around the world are expected to tune in to hear Chairman and CEO Warren Buffett, Vice… Source link

Warren Buffett has a storied history with airline stocks, once quipping, “I am Warren and I am an aeroholic.” But the spectacular returns for the industry over the last year are casting a dark cloud on Berkshire Hathaway’s decision to dump all of its airline holdings in May 2020 as prices were bottoming. Berkshire loaded up on stock of the four major U.S. carriers in 2016. At the 2020 Berkshire annual shareholders meeting, Buffett said he’d spent $7 billion to $8 billion amassing stakes in… Source link