Warren Buffett’s firm reports $12.8 billion loss as investments fall but its insurers performed well
1 year, 4 months ago

Warren Buffett’s firm reports $12.8 billion loss as investments fall but its insurers performed well

Associated Press  

— Warren Buffett’s company has reported a nearly $13 billion loss in the third quarter as the paper value of its investments fell, but the companies it owns — particularly the insurers — generally performed well. That’s why Buffett has long said investors are better served focusing on Berkshire’s operating earnings, which exclude the value of its investments that can vary widely quarter to quarter. CFRA Research analyst Cathy Seifert said the insurance results reflect Berkshire’s pricing power in commercial and reinsurance because it was able to raise rates on many of its policies, and the changes Geico made. The utility unit contributed only $498 million to Berkshire’s operating profit, down from $1.6 billion a year ago as its operating expenses soared 55% to $3.7 billion.

Loss Billion Quarter Berkshire Hathaway Haslam Buffett Operating Seifert Class A Share Its Investments Geico Berkshire Share  investments  performed  quarter  operating  berkshires  fall  buffetts  berkshire  share  insurers  nearly  warren  loss  billion  thats  reports  firm

History of this topic

Why Warren Buffet hasn’t spent the $334,000,000,000 sitting in Berkshire Hathaway’s reserves on new shares
1 month ago

Why Warren Buffet hasn’t spent the $334,000,000,000 sitting in Berkshire Hathaway’s reserves on new shares

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It’s not without reason either - his Berkshire Hathaway …

Warren Buffett’s cash pile hits $334 billion in 2024; ‘Berkshire Hathaway paid more taxes than tech titans in trillions’
1 month, 1 week ago

Warren Buffett’s cash pile hits $334 billion in 2024; ‘Berkshire Hathaway paid more taxes than tech titans in trillions’

Live Mint  

American multinational conglomerate Berkshire Hathaway's chief executive officer, Warren Buffett, disclosed in his annual report that the firm's cash pile for the year ended 2024 was at $334.2 billion, a rise in cash reserve for the 10th consecutive quarter. While our ownership in marketable equities moved downward last year from $354 billion to $272 billion, the value of our non-quoted …

Warren Buffett’s Berkshire Hathaway Q4 profit surges 71% to $14.53 billion on insurance income amid high interest rates
1 month, 1 week ago

Warren Buffett’s Berkshire Hathaway Q4 profit surges 71% to $14.53 billion on insurance income amid high interest rates

Live Mint  

Berkshire Hathaway Q4 Results: Warren Buffett's Berkshire Hathaway Inc announced its fourth quarter results on Saturday, February 22, reporting a surge of 71 per cent in its operating profit to $14.5 billion, mostly driven by the investment income and insurance business amid high interest rates. The Omaha, Nebraska-based empire's fourth-quarter operating profit hit a record $14.53 billion, or $1,010 per …

Berkshire Hathaway’s operating earnings surge 71% with record cash pile
1 month, 1 week ago

Berkshire Hathaway’s operating earnings surge 71% with record cash pile

CNN  

CNN — Warren Buffett’s Berkshire Hathaway on Saturday reported operating earnings for the fourth quarter rose 71% after taxes year-over-year to a record $14.5 billion. “We were aided by a predictable large gain in investment income as Treasury Bill yields improved and we substantially increased our holdings of these highly-liquid short-term securities,” Buffett said. For the fourth quarter, Berkshire’s cash …

Warren Buffett suddenly buys $563m of stock in three companies after hoarding cash all year
3 months ago

Warren Buffett suddenly buys $563m of stock in three companies after hoarding cash all year

Daily Mail  

Warren Buffett has bought stakes in three companies, after hoarding cash for most of 2024. But recently, Berkshire and Buffett scooped up $563 million of stock in Occidental Petroleum, Sirius XM and VeriSign, according to The Motley Fool. The company purchased roughly $405 million-worth of stock in domestic oil company Occidental Petroleum, around $113 million in broadcasting corporation Sirius XM, …

Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death
4 months ago

Warren Buffett gives away another $1.1B and plans for distributing his $147B fortune after his death

Associated Press  

— Investor Warren Buffett renewed his Thanksgiving tradition of giving by handing out more than $1.1 billion of Berkshire Hathaway stock to four of his family’s foundations Monday, and he offered new details about who will be handing out the rest of his fortune after his death. He acknowledged giving Howard, Peter and Susie millions over the years, but he …

Warren Buffett's Berkshire Hathaway hits record-breaking milestone - after investor dumps $1 billion in Bank of America shares
7 months ago

Warren Buffett's Berkshire Hathaway hits record-breaking milestone - after investor dumps $1 billion in Bank of America shares

Daily Mail  

Warren Buffett's Berkshire Hathaway has become the first non-tech company to reach a $1 trillion valuation. Warren Buffett's Berkshire Hathaway has reached a market capitalization of $1 trillion 'This is significant at a time when Berkshire represents one of the few remaining conglomerates in existence today.' Berkshire Hathaway is a sprawling business empire with a $285 billion stock portfolio that …

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake
7 months, 3 weeks ago

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake

LA Times  

Michelle King of San Francisco does yoga in the See’s Candies booth before the arrival of shareholders for the Berkshire Hathaway annual meeting on May 4, 2024, in Omaha. Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market — both because the investor is so revered and because …

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake in second quarter
7 months, 3 weeks ago

Warren Buffett surprises by slashing Berkshire Hathaway’s longtime Apple stake in second quarter

Associated Press  

— Billionaire Warren Buffett slashed Berkshire Hathaway’s massive Apple stake in a move that could prove unsettling for the broader stock market — both because the investor is so revered and because there had been little positive financial news lately. Just two years ago Buffett called the stock one of the four giants of his conglomerate’s business alongside Berkshire insurance, …

Warren Buffett just lost $4.5 billion because of this stock market decision
9 months, 2 weeks ago

Warren Buffett just lost $4.5 billion because of this stock market decision

Hindustan Times  

Warren Buffett- Berkshire Hathaway Chairman- has taken bets in the markets that have earned billions of dollars in the last eight decades giving him the name ‘Oracle of Omaha’. Since 2016, Warren Buffett’s investment firm Berkshire Hathaway has accumulated millions of Apple shares which reportedly account for nearly 50% of his overall stock portfolio. But this year, Warren Buffett sold …

Billionaire Warren Buffett finally reveals mystery stock he’s been buying up
10 months, 1 week ago

Billionaire Warren Buffett finally reveals mystery stock he’s been buying up

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Warren Buffett's secret stock …

Warren Buffett’s Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb
10 months, 2 weeks ago

Warren Buffett’s Berkshire Hathaway reveals new $7 billion stake in Swiss insurer Chubb

Associated Press  

— Warren Buffett’s Berkshire Hathaway on Wednesday revealed a new $7 billion stake in fellow insurer Chubb. Many investors follow Berkshire’s portfolio closely because of Buffett’s remarkably successful track record over the decades, and some will certainly speculate that Berkshire could one day buy all of Chubb. The quarterly filing doesn’t say clearly whether Buffett or one of Berkshire’s two …

Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple
10 months, 3 weeks ago

Berkshire’s profit plunges 64% on portfolio holdings as Buffett sells Apple

Associated Press  

— Berkshire Hathaway’s first quarter profits plummeted along with the paper value of its investments, but the company said Saturday that most of the businesses it owns outright performed well. On a per share basis, this year’s first quarter operating figure amounts to $7,796.47 per Class A share, beating three analysts’ estimates by FactSet Research, who predicted $6,701.87 per Class …

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple
10 months, 3 weeks ago

Berkshire's profit plunges 64% on portfolio holdings as Buffett it sells Apple

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Berkshire Hathaway's first quarter profits …

Investment lessons from Buffett’s letter to shareholders
1 year ago

Investment lessons from Buffett’s letter to shareholders

New Indian Express  

Operating profit over net profit: According to Buffett, operating profit – profits earned purely from core operations of the company – is a better gauge of the company’s financial health. Buffett says while net profit is reported more as a mandatory accounting practice, and is even widely transmitted, Berkshire Hathaway is more comfortable with operating profit. “The primary difference between …

US government may sue PacifiCorp, a Warren Buffett utility, for nearly $1B in wildfire costs
1 year, 1 month ago

US government may sue PacifiCorp, a Warren Buffett utility, for nearly $1B in wildfire costs

Associated Press  

The U.S. government is threatening to sue PacifiCorp, a unit of Warren Buffett’s Berkshire Hathaway, to recover nearly $1 billion in costs related to the 2020 wildfires in southern Oregon and northern California, though the company is trying to negotiate a settlement. The potential lawsuits were disclosed in an annual report filed by PacifiCorp’s Iowa-based parent company, Berkshire Hathaway Energy, …

US government may sue PacifiCorp, a Warren Buffett utility, for nearly $1B in wildfire costs
1 year, 1 month ago

US government may sue PacifiCorp, a Warren Buffett utility, for nearly $1B in wildfire costs

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The U.S. government is threatening …

Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger
1 year, 1 month ago

Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes
1 year, 1 month ago

Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire’s successes

Associated Press  

— Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he has received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or financial advisers who urge them to trade often. That would be like finding gold and …

Warren Buffett’s company says a billionaire family offered bribes to inflate earnings at a truck stop chain
1 year, 4 months ago

Warren Buffett’s company says a billionaire family offered bribes to inflate earnings at a truck stop chain

Associated Press  

— Warren Buffett’s Berkshire Hathaway says the billionaire Haslam family tried to bribe at least 15 executives at the Pilot truck stop chain with millions of dollars to get them to inflate the company’s profits this year because that would force Berkshire to pay more for the Haslams’ remaining 20% stake in the company. The Berkshire claim in a counter …

Buffett’s firm sells off several smaller investments, including GM and UPS
1 year, 4 months ago

Buffett’s firm sells off several smaller investments, including GM and UPS

Associated Press  

— Warren Buffett’s company unloaded a number of the smaller investments from its portfolio in the third quarter including General Motors, Mondelez and Johnson & Johnson. Many investors like to follow the changes in Berkshire’s portfolio because they want to see Buffett’s latest investment decisions, although some of the smaller changes made each quarter are likely the work of one …

Warren Buffett’s company dumps another 5 million shares of printer maker HP
1 year, 5 months ago

Warren Buffett’s company dumps another 5 million shares of printer maker HP

Associated Press  

— Investors soon won’t be able to follow Warren Buffett’s every move in HP’s stock if the billionaire’s company keeps selling off shares of the printer and computer maker. Berkshire Hathaway’s ownership of HP Inc. is about to drop below 10% after it sold nearly 5 million shares, according to a regulatory filing by Buffett’s company late Monday. Even after …

Warren Buffett’s firm invests in the biggest homebuilders while reducing GM stake in portfolio moves
1 year, 7 months ago

Warren Buffett’s firm invests in the biggest homebuilders while reducing GM stake in portfolio moves

Associated Press  

— Warren Buffett’s company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Horton’s stock this spring along with smaller stakes in fellow builders Lennar Corp. and NVR Corp. Berkshire revealed those new investments Monday in a quarterly filing with the Securities and Exchange Commission that shows …

Berkshire Hathaway shares hit record as operating profit crosses $10 billion
1 year, 7 months ago

Berkshire Hathaway shares hit record as operating profit crosses $10 billion

Live Mint  

Billionaire investor Warren Buffett-led Berkshire Hathaway share price hit a record on Monday after the company’s quarterly operating profit rose above $10 billion for the first time. Berkshire Hathaway share price rallied 3.41% or $18,320 to $551,920, lifting the market value of the conglomerate to about $799 billion. In 2023 so far, Berkshire Hathaway shares have rallied 18%. Berkshire Hathaway …

Profits at Warren Buffett’s firm reach $36B as stocks surge and its insurance holdings perform well
1 year, 7 months ago

Profits at Warren Buffett’s firm reach $36B as stocks surge and its insurance holdings perform well

Associated Press  

— Profits rebounded at Warren Buffett’s conglomerate along with the value of its $353 billion stock portfolio in the second quarter to hit $35.9 billion, and many of Berkshire Hathaway’s assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico. Berkshire’s revenue jumped to $92.5 billion from last year’s $76.2 billion thanks largely to …

Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer
1 year, 9 months ago

Warren Buffett’s firm buys more Occidental Petroleum and now owns more than 25% of the oil producer

Associated Press  

— Billionaire Warren Buffett’s company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25% of the oil producer. A new filing with the Securities and Exchange Commission shows that Berkshire bought another 2.1 million Occidental shares this week worth about $123 million. But last year, Buffett did get permission from federal regulators to buy up …

Warren Buffett’s company keeps selling carmaker BYD’s stock
1 year, 10 months ago

Warren Buffett’s company keeps selling carmaker BYD’s stock

Associated Press  

— Warren Buffett’s company continues selling off its stake in Chinese electric car manufacturer BYD and now holds less than 10% of the company’s stock. Berkshire Hathaway revealed the latest sale of 1.96 million BYD shares worth about $58.9 million Monday in a filing with the Hong Kong stock exchange. Since Berkshire first bought its BYD shares in 2008 for …

Buffett shares good news on profits, AI thoughts at meeting
1 year, 10 months ago

Buffett shares good news on profits, AI thoughts at meeting

Associated Press  

— Billionaire Warren Buffett said artificial intelligence may change the world but new technology won’t take away opportunities for investors and he’s confident America will continue to prosper despite its bitter political divisions. — Buffett said Apple — Berkshire’s biggest stock holding — is a wonderful business because of how devoted consumers are to their iPhones. “But I do understand …

Warren Buffett predicts earnings decline across Berkshire Hathaway units
1 year, 10 months ago

Warren Buffett predicts earnings decline across Berkshire Hathaway units

Live Mint  

Warren Buffett, who’s economic insights are craved for Berkshire Hathaway Inc.’s deep ties to the American economy, had a gloomy prediction for his own businesses: the good times may be over. “The majority of our businesses will report lower earnings this year than last year,” Buffett said, before crowds of thousands at the event on Saturday. Berkshire is often seen …

Berkshire Hathaway earnings: Check details of Warren Buffet-led firm’s Q1 report
1 year, 10 months ago

Berkshire Hathaway earnings: Check details of Warren Buffet-led firm’s Q1 report

Live Mint  

Billionaire and ace investor, Warren Buffett's Berkshire Hathaway sees over a 5-folds jump in net earnings for the first quarter of 2023, driven by gains from stocks such as Apple Inc. Also, higher income from investment boosted the operating profit. Net earnings attributable to Berkshire Hathway's shareholders skyrocketed by 536.27% to $35.5 billion in Q1 of 2023, as compared to …

Profits jump at Buffett's company ahead of annual meeting
1 year, 10 months ago

Profits jump at Buffett's company ahead of annual meeting

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Part of this year's investment gains included a $2.4 …

Warren Buffett’s Berkshire posts $35.5 billion profit, buys back more stock
1 year, 10 months ago

Warren Buffett’s Berkshire posts $35.5 billion profit, buys back more stock

Live Mint  

Warren Buffett's Berkshire Hathaway Inc on Saturday said its first-quarter profit totaled $35.5 billion, reflecting gains from common stocks such as Apple Inc, while higher income from investments bolstered operating profit. "Even though I've gone for 32 or 33 years, it's enjoyable, uplifting, and you're always learning something new," Paul Lountzis, who makes Berkshire his largest investment at Lountzis Asset …

Warren Buffett touts benefits of buybacks in his shareholder letter; All you need to know
2 years, 1 month ago

Warren Buffett touts benefits of buybacks in his shareholder letter; All you need to know

Live Mint  

— Billionaire Warren Buffett said critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both, and all investors benefit from them as long as they are made at the right prices. Buffett used part of his annual letter to Berkshire Hathaway shareholders Saturday to tout the benefits of repurchases that fiery Wall Street critics like …

Buffett touts benefits of buybacks in his shareholder letter
2 years, 1 month ago

Buffett touts benefits of buybacks in his shareholder letter

Associated Press  

— Billionaire Warren Buffett said critics of stock buybacks are “either an economic illiterate or a silver-tongued demagogue” or both, and all investors benefit from them as long as they are made at the right prices. Buffett used his typical self-deprecating style to say Berkshire’s remarkable record of doubling the returns of the S&P 500 over the last 58 years …

Buffett touts benefits of buybacks in his shareholder letter
2 years, 1 month ago

Buffett touts benefits of buybacks in his shareholder letter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Buffett used part of his annual letter to Berkshire …

Buffett’s firm buys Apple, slashes chipmaker and bank stakes
2 years, 1 month ago

Buffett’s firm buys Apple, slashes chipmaker and bank stakes

Associated Press  

— Billionaire Warren Buffett’s company added to its already substantial Apple investment at the end of last year while slashing a new investment in computer chip maker Taiwan Semiconductor and two longtime bank holdings. Berkshire picked up nearly 21 million more shares in the iPhone maker during the final three months of last year to give it 915.6 million shares …

Buffett’s firm has now sold 95 million shares of China’s BYD
2 years, 1 month ago

Buffett’s firm has now sold 95 million shares of China’s BYD

Associated Press  

— Warren Buffett’s company has now sold nearly 95 million of its original 225 million shares of Chinese electric carmaker BYD’s stock, but it remains a significant shareholder. Berkshire Hathaway said in a filing with the Hong Kong stock market Thursday that it had sold another 4.235 million BYD shares since last month. After the most-recent sales, Berkshire still held …

Buffett’s firm keeps selling BYD shares despite past praise
2 years, 2 months ago

Buffett’s firm keeps selling BYD shares despite past praise

Associated Press  

— Warren Buffett’s company continues selling off its BYD shares despite the positive comments he has made about the Chinese electric car maker in the past, but Berkshire Hathaway remains a major shareholder. Berkshire said in a filing with the Hong Kong stock exchange Monday that it had sold another 1 million shares, leaving it with 13.97% of the Hong …

Warren Buffett’s firm reports $2.7B loss on investment drop
2 years, 4 months ago

Warren Buffett’s firm reports $2.7B loss on investment drop

Associated Press  

— Warren Buffett’s company again reported a loss — this time only $2.7 billion — because of a drop in the paper value of its investment portfolio in the third quarter, but most of its operating businesses performed well with the notable exception of Geico. Buffett has long said he believes Berkshire’s operating earnings are a better measure of the …

Buffett’s conglomerate closes $11.6B Alleghany insurance buy
2 years, 5 months ago

Buffett’s conglomerate closes $11.6B Alleghany insurance buy

Associated Press  

— Warren Buffett’s company completed its largest acquisition in years Wednesday with its $11.6 billion purchase of the Alleghany insurance conglomerate. The purchase announced in March will further expand Berkshire’s sizeable insurance operations and add a few more companies to its stable, including a steel fabricator and toy company owned by Alleghany. Buffett’s Omaha, Nebraska-based conglomerate owns Geico, General Re …

Buffett’s firm buys more Apple shares while betting on oil
2 years, 7 months ago

Buffett’s firm buys more Apple shares while betting on oil

Associated Press  

— Warren Buffett’s company bet more on high-tech darling Apple during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. But Monday’s filing revealed a number of smaller moves Berkshire made during the second quarter, including adding to its stakes in Apple, Chevron, Ally Financial, Activision Blizzard, Paramount Global and several other stocks. Berkshire’s …

Warren Buffett’s Berkshire Hathaway buys more Apple, Amazon while betting on oil
2 years, 7 months ago

Warren Buffett’s Berkshire Hathaway buys more Apple, Amazon while betting on oil

Live Mint  

: Warren Buffett's company bet more on high-tech darling Apple and e-commerce giant Amazon during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron. But Monday’s filing revealed a number of smaller moves Berkshire made during the second quarter, including adding to its stakes in Apple, Amazon, Chevron, Ally Financial, Activision Blizzard, Paramount Global …

Warren Buffett now owns over 20% in this oil and natural gas company
2 years, 7 months ago

Warren Buffett now owns over 20% in this oil and natural gas company

Live Mint  

More shares of Occidental Petroleum Corp were purchased by Warren Buffett's Berkshire Hathaway Inc, surpassing the 20 percent ownership required to record a portion of the oil company's earnings alongside its own and potentially generating billions of dollars in profit. With the acquisitions, Berkshire now owns 188.4 million Occidental shares, or 20.2% of the reported shares outstanding, for a total …

Warren Buffett’s Berkshire Hathaway reports $44B loss but its businesses thrive
2 years, 7 months ago

Warren Buffett’s Berkshire Hathaway reports $44B loss but its businesses thrive

Live Mint  

: Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted, but Berkshire Hathaway’s many operating companies generally performed well suggesting the overall economy is weathering the pressure from inflation and rising interest rates. Berkshire said Saturday that a largely unrealized $53 billion decline in the value of its investments …

Warren Buffett tells shareholders about spending $51 billion
2 years, 10 months ago

Warren Buffett tells shareholders about spending $51 billion

Associated Press  

— Warren Buffett gave Berkshire Hathaway investors a few details Saturday about how he spent more than $50 billion earlier this year and again reassured them that the company he built will endure long after the 91-year-old billionaire is gone. Buffett said Berkshire was able to take advantage of the fact that Wall Street is largely run like a “gambling …

Buffett invests big chunk of Berkshire Hathaway's cash
2 years, 10 months ago

Buffett invests big chunk of Berkshire Hathaway's cash

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Berkshire Hathaway's first-quarter earnings fell …

Warren Buffett buying spree goes on, HP soars on 11.5% stake
2 years, 11 months ago

Warren Buffett buying spree goes on, HP soars on 11.5% stake

Associated Press  

— Shares of HP Inc. jumped nearly 15% Thursday after Warren Buffett’s company snapped up more than 11% of the printer and computer maker over the past week in another uncharacteristic tech investment from the billionaire. Berkshire’s investments now lean heavily on financial services companies and “value tech investments,” said CFRA Research analyst Cathy Seifert. Besides the high-tech investments in …

Berkshire’s $11.6B Alleghany deal expands insurance business
3 years ago

Berkshire’s $11.6B Alleghany deal expands insurance business

Associated Press  

Warren Buffett, who started the year bemoaning the lack of potential acquisitions for his conglomerate, Berkshire Hathaway, announced Monday that it would acquire the insurance company Alleghany for $11.6 billion. “I’m really pleased to see Berkshire putting capital to work in the market.” Berkshire will pay $848.02 in cash for each outstanding share of Alleghany Corp., the company said Monday. …

Buffett still wants deals but can’t find any attractive ones
3 years, 1 month ago

Buffett still wants deals but can’t find any attractive ones

Associated Press  

— Billionaire Warren Buffett says his company has benefited from some “extraordinary luck” in finding acquisitions like BNSF railroad over the decades, but he hasn’t had much of that in recent years as Berkshire Hathaway’s cash pile has grown to nearly $147 billion. By that measure, Berkshire’s operating earnings jumped from $5.02 billion, or $3,224.74 per Class A share, to …

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