Laughing gas abuse caused student’s death – Berkshire coroner
At the time of Ms Mercer’s death possession was not illegal but that changed last November. Source link
berkshire
Buffett’s Berkshire posts record profit, quarterly results also rise
Warren Buffett‘s Berkshire Hathaway Inc on Saturday posted its second straight record annual profit, bolstered by gains from its common stock investments and as rising interest rates helped its insurance businesses generate more income. Fourth-quarter operating profit rose 28% to $8.48 billion, or about $5,884 per Class A share, from $6.63 billion a year earlier. … Read more
After Charlie Munger’s death, Berkshire Hathaway’s succession comes into focus
The death of Berkshire Hathaway‘s Charlie Munger heralds the end of an era, leaving Warren Buffett as the conglomerate’s lone investing legend and shining the spotlight on managers who have largely operated in their shadow. Few companies have been so closely associated with their leaders as Berkshire has with Buffett and Munger, who knew each … Read more
Buffett’s Berkshire posts $35.5 bn profit, buys back more stock
Warren Buffett’s Berkshire Hathaway Inc posted a $35.5 billion first-quarter profit on Saturday, reflecting gains from stocks such as Apple Inc, while higher investment income and a rebound at car insurer Geico bolstered operating results. Berkshire also sped up repurchases of its own stock, buying back $4.4 billion, while paring its investments in other stocks … Read more
Berkshire woman raises awareness of acute myeloid leukaemia
Mary Forester says in retrospect there were some red flags but they were all easily explained away. Source link
Berkshire Hathaway buys 9.9 million more Occidental shares, has 17.4% stake
Warren Buffett’s Berkshire Hathaway Inc said it has bought another 9.9 million shares of Occidental Petroleum Corp, giving it a 17.4% stake in the oil company. Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission. Buffett’s … Read more
Buffett says Greg Abel is his likely successor at Berkshire
By Katherine Chiglinsky Warren Buffett said Greg Abel, Berkshire Hathaway Inc.’s vice chairman of non-insurance businesses, would be his likely successor if the billionaire were to step down. The board agrees that Abel, 58, would take over if anything were to happen to the 90-year-old chief executive officer, Buffett told CNBC. Abel had been seen … Read more
Warren Buffett sees a ‘red hot’ economy with creeping inflation
By Katherine Chiglinsky Warren Buffett delivered a clear verdict Saturday on the state of the U.S. economy as it emerges from the pandemic: red hot. “It’s almost a buying frenzy,” the Berkshire Hathaway Inc. chief executive officer said during the conglomerate’s annual meeting, which was held virtually from Los Angeles. “People have money in their … Read more
Warren Buffett says better economic recovery clouded airlines decision
By Katherine Chiglinsky Warren Buffett conceded that a better-than-expected economic recovery from the pandemic made the timing of some Berkshire Hathaway Inc. moves last year — including its decision to drop some airline stocks — more fraught. Berkshire ended up dumping the stocks of four major U.S. airlines as the pandemic bore down on the … Read more
Buffett, Munger scoff at ESG vigilantes; say Berkshire is okay owning oil stocks
MUMBAI: Billionaire investors Warren Buffett and Charlie Munger took a swipe at the ongoing trend of investors demanding companies to disclose more information on ESG (environment, social and governance) metrics. The veteran investors, who were speaking at the annual general meeting of Berkshire Hathaway held virtually from Los Angeles, took a dig at the green … Read more