In a significant development, CalPERS, the biggest U.S. public pension fund, said it will vote for a shareholder proposal to replace Warren Buffett as Berkshire Hathaway Inc’s chairman; he will however continue to remain as its CEO. In a regulatory… Read More ›
Shares of Occidental Petroleum Corp rose after Berkshire Hathaway Inc disclosed it had spent around $1 billion to buy additional shares in the oil company, raising its stake to 14.6%. In a regulatory filing, Berkshire disclosed that it owns 136.4 million… Read More ›
According to two sources familiar with the matter at hand, Brazil’s Nubank is seeking a valuation above %55.4 billion in its planned U.S. initial public offering. In Nubank’s recent funding round, led by Berkshire Hathaway Inc, Nubank was valued at… Read More ›
In a statement the U.S. Treasury Department said, Berkshire Hathaway Inc had agreed to pay a sum of $4.14 million to settle civil allegations that its Turkish subsidiary had made “egregious” violations and was non-compliant with U.S. sanctions against Iran…. Read More ›
In a statement, BNSF Railway, one of the biggest railroad operators in Northern America, said it has appointed Kathryn Farmer as its CEO. She will be replacing Carl Ice, who has been at the company’s helm since 2013. Incidentally, BNSF… Read More ›
On Saturday, in a statement Warren Buffett, the Chairman of Berkshire Hathaway Inc said, Berkshire Hathaway had sold 100% stake in the four largest U.S. airlines in April, at the company’s annual general meeting wherein he said, “the world has… Read More ›
In a statement, Warren Buffett’s Berkshire Hathaway Inc stated, it has sold around 18% of its stake in Delta Air Lines Inc as well as a 4% stake in Southwest Airlines Co earlier this week. The Wuhan Coronavirus pandemic is… Read More ›
Microsoft Corp’s co-founder Bill Gates, who made the software giant one of the world’s most valuable technology companies, has stepped down from the board on Friday. He will now focus on philanthropic works related to climate change, global health and… Read More ›
California Department of Insurance has won a court order appointing it conservator of California Insurance Co, a subsidiary of Applied Underwriters Inc. Regulators in California have taken control of an insurer, which they say was recently sold by Warren Buffett’s… Read More ›
Berkshire Hathaway Inc position in Amazon.com was made in a regulatory filing. Many investors monitor Berkshire’s quarterly filings for signs of which companies Buffett, Weschler and Combs see value. In a regulatory filing, Warren Buffett’s Berkshire Hathaway Inc disclosed that… Read More ›
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