Warren Buffett's Berkshire Hathaway Friday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
Fitch Ratings said Thursday it may cut its ratings on Warren Buffett's Berkshire Hathaway on concerns about the effect its planned acquisition of Burlington Northern Santa Fe will have on its asset profile and capitalization.
Warren Buffett's Berkshire Hathaway has joined Goldman Sachs Group in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter.
Warren Buffett's Berkshire Hathaway has joined Goldman Sachs Group in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter.
Tuesday, 3 Nov 2009 | Posted By:
Paul Toscano | Source: CNBC.com
As CEO and primary shareholder of Berkshire Hathaway (BRK), Warren Buffett, the world's most famous investor, has developed a well-known reputation of buying big stakes in companies he believes in. When Buffett buys shares of a company for BRK, the markets translate his moves as a vote of confidence for a firm's continued success. Although Berkshire Hathaway's holdings change, the company's most recent SEC filings* reveal where the Oracle of Omaha is most heavily invested. Here are the 15 publicly traded stocks, by value, that are the biggest holdings of Berkshire Hathaway.
On Tuesday, Warren Buffett's Berkshire Hathaway announced that it will allow its Class B shareholders to vote on a 50-for-1 stock split that has already been approved by the board.
Tuesday, 3 Nov 2009 | Source: CNBC staff and wire reports
In its largest acquisition to date, Berkshire Hathaway said Tuesday it will acquire the 77 percent stake in Burlington Northern Santa Fe that it doesn't already own for $100 a share in cash and stock.
Stocks rallied for a third day Wednesday, jumping more than 1 percent, as industrial production rose for a second straight month and weakness in the dollar boosted commodity and industrial stocks.
Stocks continued to rise Wednesday, after major indexes hit new highs for the year Tuesday, as oil prices topped $71 a barrel and industrial production rose for a second straight month.
Wall Street looked set for a higher open Wednesday, after major indexes hit new highs for the year Tuesday, encouraged by Federal Reserve chairman Ben Bernanke's remarks that the US recession was probably over.
Stocks got a weak start after the selloff in China but rebounded by midday after a report showed a surprise drop in crude inventories, which sent oil prices — and energy stocks — soaring.
Burlington Northern Santa Fe CEO Matt Rose says the railroad's proposed acquisition by Berkshire Hathaway is being "very warmly received" by Washington policy makers.... Read More
Warren Buffett's NetJets is putting 495 of its 3200 pilots on furlough effective January 15, as the Berkshire Hathaway subsidiary continues to cut back in the face of a slowdown in private corporate air travel.... Read More