Tag: berkshire hathaway

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  • Kinder Morgan

    Warren Buffett is betting big on certain parts of oil

    Warren Buffett¬†is increasing his bets on big oil, taking a sizable stake in oil pipeline company Kinder Morgan at the end of 2015. The energy company’s stock shot up 10% Wednesday morning after Buffett’s buy was revealed in a routine regulatory filing. Buffett has famously proclaimed in the past, “be fearful when others are greedy […]

  • Goldman Sachs and Warren Buffett Sale

    Warren Buffett Has Cut His Holdings In Goldman Sachs

    Warren Buffett’s Berkshire Hathaway on Monday said it reduced its stake in Goldman Sachs Group by 13 percent during the third quarter. Berkshire Hathaway threw its support behind the investment banking giant during the height of the 2008 global financial crisis. In a U.S. Securities and Exchange Commission filing, Berkshire said it owned 10.96 million […]

  • Berkshire Hathaway Profits

    Berkshire Hathaway Profit Doubles On Strength Of Kraft Heinz

    Warren Buffett’s Berkshire Hathaway reported a quarterly profit that doubled to a record high, reflecting a large gain on its stake in Kraft Heinz Co. The company also said operating profit declined on weaker results from insurance underwriting. Third-quarter net income rose to $9.43 billion, or $5,737 per Class A share, up from $4.62 billion, […]

  • Phillips 66

    Berkshire Hathaway Takes $4.48 Billion Stake In Phillips 66

    Warren Buffett’s Berkshire Hathaway has revealed a $4.48 billion stake in oil refiner Phillips 66¬† The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S. Securities and Exchange Commission. Berkshire owned a much larger stake in the company but sold two-thirds of its investment in February 2014. […]

  • Berkshire Hathaway and Standard And Poors Watch

    Berkshire Hathaway Is On ‘CreditWatch Negative’ With Standard & Poor’s

    Standard & Poor’s has given Warren Buffett’s Berkshire Hathaway a “CreditWatch Negative” rating following the company’s $37.2 billion acquisition of Precision Castparts. Along with the acquisition, Mr. Buffett’s company acquired $5 billion in debt. S&P says the move “reflects uncertainty around the funding of the acquisition and how it may affect current cash resources and […]

  • 25 Ways to Run Your Business Like Warren Buffett

    Image: Paul Sapiano/Flickr Berkshire Hathaway’s annual “Woodstock of Capitalism,” its shareholder meeting, happens on April 30 this year. Warren Buffett’s baby is by far America’s most beloved conglomerate. What’s behind the fame? Buffett and his partner Charlie Munger are investing prodigies, but so are, say, Carlos Slim and Donald Trump, and you don’t see their […]

  • Berkshire Hathaway Buys Burlington Northern Santa Fe for $44 billion

    Image: Harold Davis/Flickr Berkshire Hathaway announced today that it is buying railroad company Burlington Northern Santa Fe (BNI) for $44 billion, or $100/share. It is Berkshire Hathaway’s biggest-ever takeover. Bloomberg has more on Warren Buffett, railroad tycoon: Berkshire has been building a stake in the Fort Worth, Texas-based railroad for more than two years as […]

  • Even Berkshire Hathaway Isn’t Immune to Bad Economy

    2008 was Berkshire Hathaway’s worst year ever, according to its annual letter to shareholders. Has the Buff lost his touch? Probably not–Berkshire Hathaway was just doing what it always does, but in a horrible economy. The Wall Street Journal reports: Warren Buffett’s Berkshire Hathaway Inc. reported Saturday morning that 2008 was the legendary investor’s worst […]

  • Berkshire Hathaway Posts its Worst First Half in 18 Years

    (Image credit: 4mercury.com) This holiday week, bad news is piling up like (__insert fecal reference__). Starbucks is firing people. Congress is taking a week-long vacation while everyone else scampers for overtime. And Warren Buffett is posting his worst first half since 1990. According to Bloomberg: Berkshire declined $250 to $119,850 at 9:58 a.m. in New […]