Berkshire Hathaway Inc.
News and overview for Berkshire Hathaway Inc.
J.P. Morgan cuts Burlington, favors other rails - MarketWatch
MarketWatch | 19 days 2 hours ago
Terra rejects latest offer from CF
Buffett's Berkshire acquires ExxonMobil stake, cuts holdings in ConocoPhillips
Sun (Baltimore), The | 6 days 14 hours 6 minutes ago
Billionaire Warren Buffett's company bought a nearly $60 million stake in Exxon Mobil Corp., and cut its holdings in oil rival ConocoPhillips during the third quarter.
Government Extension of Existing Tax Credits, Creation of New Benefits, Positive Step for Residential Real Estate Market, says HomeServices of America, Inc.TM [Press Release]
Business Wire | 13 days 20 hours 43 minutes ago
The extension and expansion of the existing homebuyer tax credit programs are positive steps for the nation’s residential real estate market, says Ron Peltier, Chairman and CEO of HomeServices of America, Inc., a Berkshire Hathaway affiliate, and the nation’s second-largest independent residential real estate brokerage (www.homeservices.com).
Buffett's Berkshire buys Burlington Northern rail
Yahoo! | 19 days 22 hours 48 minutes ago
NEW YORK – Making a $34 billion bet on the future of the U.S. economy, Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp.
Strength in Dow transports gives support to bulls MarketWatch First Take - MarketWatch
MarketWatch | 19 days 19 hours 41 minutes ago
It also helps to keep a Dow Theory sell signal at bay.
Buffett's Berskire buying Burlington Northern RR
Boston Globe, The | 19 days 21 hours 55 minutes ago
NEW YORKWarren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future of the U.S. economy.
Transports stocks jump on Buffett's thumbs up - MarketWatch
MarketWatch | 19 days 20 hours 13 minutes ago
The News Hub panel discusses Berkshire Hathaway's acquisition of Burlington Northern, and why a Yankees win is good for the economy.
A.M. Best Places Ratings of Berkshire Hathaway Inc. s Subsidiaries Under Review with Negative Implications [Press Release]
Business Wire | 16 days 23 hours 26 minutes ago
A.M. Best Co. has placed the financial strength ratings (FSR) and issuer credit ratings (ICR) of the domestic and international property/casualty and life/health subsidiaries of Berkshire Hathaway Inc. (BRK) (Omaha, NE) [NYSE: BRK.A and BRK.B] under review with negative implications. Concurrently, A.M. Best has placed the FSRs of A++ (Superior) and ICRs of “aaa” of National Indemnity Group (National Indemnity) (Omaha, NE) and Government Employers Group (GEICO) (Chevy Chase, MD) and their memb...
CORRECT: Buffett's deal bolsters railway shares - MarketWatch
MarketWatch | 20 days 46 minutes ago
Marathon Oil Q3 adjusted EPS 61 cents vs $2.76
Wolf Haldenstein Investigates Burlington Northern Santa Fe Corp. Proposed Acquisition [Press Release]
Business Wire | 19 days 20 hours 39 minutes ago
Attorney Advertising. The law firm of Wolf Haldenstein Adler Freeman & Herz LLP is investigating possible breaches of fiduciary duty by the Board of Directors of Burlington Northern Santa Fe Corp. (“Burlington” or the “Company”) (NYSE:BNI) arising out of the proposed acquisition of Burlington by Berkshire Hathaway, Inc. (“Berkshire”).
Buffett's Berkshire asked by SEC to explain stock losses
Canada.com | 20 days 1 hour 22 minutes ago
Andrew Frye and Jamie McGee Warren Buffetts Berkshire Hathaway Inc. provided more details on writedowns of equity securities after U.S. regulators asked the company in April to clarify the facts and circumstances involved in valuing stocks.
Warren Buffett bets on coal and the economy
Sun (Baltimore), The | 19 days 7 hours 12 minutes ago
NEW YORK Berkshire Hathaway Inc.'s $44 billion deal to buy Burlington Northern Santa Fe Corp. is basically a huge bet on coal, a fuel that powers Warren Buffett's power plants at his MidAmerican Energy utility and plays a major role in the railroad business.
Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Burlington Northern Santa Fe Corp. - BNI [Press Release]
Business Wire | 19 days 1 minute ago
Levi & Korsinsky is investigating the Board of Directors of Burlington Northern Santa Fe Corp. (“Burlington” or the “Company”) (NYSE: BNI) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to Berkshire Hathaway, Inc. (NYSE: BRK). Under the terms of the transaction, Berkshire will acquire the remaining 77.4% of Burlington shares it does not already own in a cash and stock valued at approximately $44 billion. The Compa...
Solid leaders, proven product make railroad a typical Buffett pick
Chicago Tribune | 18 days 14 hours 53 minutes ago
FORT WORTH, Texas In buying Burlington Northern Santa Fe Corp., Warren Buffett described the railroad acquisition by his Berkshire Hathaway Inc. as an "all-in-wager on the economic future of the United States." But that's nothing new. That's precisely the wager that Buffett, the second-richest man in the world, has been making for decades.
U.S. stock market gets upbeat signal from Buffett - MarketWatch
MarketWatch | 19 days 21 hours 27 minutes ago
"Rails in particular but transportation in general tend to lead the market," said Owen Fitzpatrick, head of the U.S. equity group at Deutsche Bank.
Company Overview
| Company: | Berkshire Hathaway Inc. |
|---|---|
| Industry: | Investment Firms |
| Website: | http://www.berkshirehathaway.com |
Berkshire Hathaway is where Warren Buffett, the world's second-richest man (behind his good buddy Bill Gates), spreads his risk by investing in a variety of industries, from insurance and utilities to apparel and food, and building materials to jewelry and furniture retailers. Its core insurance subsidiaries include National Indemnity, GEICO Corporation, and reinsurance giant General Re. The company also owns Dairy Queen, Fruit of the Loom, Johns Manville, Clayton Homes, Helzberg Diamonds, McLane Company, and MidAmerican Energy Holdings. Known as the Oracle of Omaha, Buffett holds more than a quarter of Berkshire Hathaway, which owns more than 70 firms and has stakes in more than a dozen others.
Key Numbers
| Sales in U.S. Dollars (mil.) | 107,786 (2008) |
|---|---|
| One-year % Growth in Sales | -8.8 (2008) |
| Net Income in U.S. Dollars (mil.) | 4,994 (2008) |
| One-year % Growth in Net Income | -62.2 (2008) |
| Number of Employees | 246,000 (2008) |
| One-year % Growth in Number of Employees | 5.6 (2008) |
| Fiscal Year-End | December |