Nov 2- Berkshire Hathaway Inc on Saturday said its quarterly operating profit rose more than analysts expected, as growth in several business lines offset the drag from trade tensions and tariffs and billionaire Warren Buffett's inability to deploy the conglomerate's cash. "There is a growing frustration among investors that the cash hoard is not being...
The Omaha, Nebraska- based conglomerate operates more than 90 businesses including the Geico auto insurer, BNSF railroad, Dairy Queen ice cream, Fruit of the Loom underwear, and its namesake energy company and real estate brokerage. Berkshire said third-quarter operating income rose to $7.86 billion, or roughly $4,816 per Class A share, from $6.88 billion, or...
CALGARY, Alberta Oct 15- BHE Canada, a unit of billionaire Warren Buffet's Berkshire Hathaway Energy, will start construction on a $200 million wind farm in southeast Alberta next year, the company said on Tuesday. Alberta is the heartland of Canada's oil and gas industry but the wind and solar energy sector has been growing in recent years, helped by the previous...
Sept 24- Six U.S. life insurers have agreed to pay a total of $1.83 million for improperly causing customers to switch their existing annuities to a different type that generated less income, New York State's financial regulator said on Tuesday. The insurers will collectively return a total of $1.15 million to New York customers and pay $673,000 in penalties,...
WASHINGTON, Sept 19- A Chinese delegation will visit American farm regions with U.S. officials next week in an effort to build goodwill amid ongoing trade negotiations, U.S. CNBC reported earlier on Thursday that the delegation, led by Vice Minister for Agriculture Qu Dongyu, would meet with agricultural producers and was planning visits to Bozeman, Montana and...
The 2nd U.S. Circuit Court of Appeals in Manhattan said Rich's parents, Joel and Mary Rich, could sue Fox News for causing emotional distress by publishing a May 16, 2017, article claiming their son had leaked DNC emails to WikiLeaks, implying that the leaks were related to his death. Fox News, a unit of Fox Corp, retracted the article a week later, saying it fell short of...
The 2nd U.S. Circuit Court of Appeals in Manhattan said Rich's parents, Joel and Mary Rich, could sue Fox News for causing emotional distress by publishing a May 16, 2017, article claiming their son had leaked DNC emails to WikiLeaks, implying that the leaks were related to his death. Fox News, a unit of Fox Corp, retracted the article a week later, saying it fell short of...
Federal Reserve Board unveiled a proposal on Friday that would establish requirements for insurance companies it oversees to set aside capital. The proposed framework would apply to eight U.S. depository institution holding companies that are also "significantly engaged in insurance activities," the Fed said in a statement. The eight insurers include USAA,...
BOSTON, Aug 14- Billionaire investor William Ackman's hedge fund Pershing Square Capital Management has made a new bet on Warren Buffett's Berkshire Hathaway Inc, according to a regulatory filing made on Wednesday. This marks the first time that Ackman's $8 billion fund has announced a new position since late last year when it bought a stake in Starbucks Corp..
July 18- Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised rates to overcome disruptions from record floods in the Midwest and ongoing U.S.- China trade tensions. Union Pacific's better-than-expected results landed amid worries that cooling global growth and...
July 18- Union Pacific Corp on Thursday reported a quarterly profit that beat Wall Street estimates, as the U.S. railroad operator cut costs and raised prices to overcome the effects of severe flooding in the Midwest and ongoing U.S.- China trade tensions. Shares in the Omaha, Nebraska- based company rose 4.6% to $172.14 in early trading. Net income at Union...
The S&P 500, which crossed the 3,000 mark for the first time this week, has seesawed between record highs and selloffs in recent months on increasing U.S.- China trade acrimony and concerns about a U.S. economic slowdown. Omaha, Nebraska- based Union Pacific operates a 32,000- route-mile rail network that includes the Los Angeles/ Long Beach complex, a port...
NEW YORK/ LOS ANGELES, June 19- Union Pacific Corp's chief executive said another round of tariffs on Chinese goods could badly hurt his railroad and the U.S. economy, but he feels U.S. CEO Lance Fritz listed trade as one of the reasons the company has taken a more negative tone in its growth outlook. The Omaha, Nebraska- based company's rail network covers 32,000 route...
June 1- An anonymous bidder has agreed to pay a record $4,567,888 at an annual charity auction to have a private lunch with Warren Buffett, the billionaire chairman of Berkshire. nearly one-third higher than the previous record $3,456,789 bids in both the 2012 and 2016 auctions. Proceeds benefit the Glide Foundation, a charity in San Francisco's Tenderloin...
homestretch@ May 30- The cost of a private lunch with Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, sat at a record $3,500,100 on Thursday afternoon, with a day to go in an annual charity auction. Proceeds will benefit the Glide Foundation, a San Francisco charity that serves people who are poor, homeless or battling substance abuse.
Trump predicts swift end to trade war with China. President Donald Trump predicted a swift end to the ongoing trade war with China. "The markets seem to be struggling to hold on to gains right now because people don't want to be too long heading into the holiday weekend," said Marc Pfeffer, chief investment strategist at CLS Investments in Omaha, Nebraska.
CNBC's Leslie Picker reports on what the stock picks of the world's biggest investors.
"This country has done an incredible job in terms of the deployment of resources and human ingenuity," says the Berkshire Hathaway chief.
Lawrence Cunningham, professor at George Washington University Law School, and Doug Cohen, Berkshire shareholder and portfolio manager at Athena Capital Advisors, join "Squawk on the Street" after CNBC's interview with Warren Buffett to discuss what makes his company so compelling.
Legendary investors Warren Buffett and Charlie Munger sit down with CNBC's Becky Quick to give their thoughts on Wells Fargo and how its management changed.
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