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Warren Buffett's Berkshire Hathaway Ramps Up Stake In Occidental Petroleum Again, Weeks After Denying A Buyout
Friday, May 19, 2023 - 7:36am | 305Occidental Petroleum Corp (NYSE: OXY) stock is trading up Friday following a ramp-up of stake by Berkshire Hathaway (NYSE: BRK-B). The Warren Buffett-backed conglomerate boosted its stake in the oil company to 24.4% in exchange for $201 million for 3.46 million...
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Warren Buffett 'Has Not Been Buying The Banks,' Despite Million-Dollar Bet, Market Analyst Says
Wednesday, April 12, 2023 - 2:30pm | 547The Oracle of Omaha, Warren Buffett on Wednesday shared his thoughts on the banking sector after the recent collapse of several regional banks, sparking discussion among the hosts of Benzinga's PreMarketPrep. Buffett acknowledged that banks have made some mistakes, but he was quick to point out...
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Warren Buffett May Be Behind Hottest Fad Of Valentine's Day
Tuesday, February 14, 2023 - 12:39pm | 441One of this year's trending searches for Valentine’s Day, according to Alphabet Inc / Google’s (NASDAQ: GOOG) real-time trends, is a special-edition Squishmallow. These plush toys, made by Kelly Toys, have become very popular among young people throughout the last few years. In fact...
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Warren Buffett's Berkshire Hathaway Buys 9.9 Million Additional Shares Of Occidental Petroleum
Sunday, July 3, 2022 - 1:01pm | 199Warren Buffett-owned Berkshire Hathaway Inc. (NYSE: BRK-A) has picked up 9.9 million additional shares of Occidental Petroleum Corporation (NYSE: OXY). According to the U.S. Securities and Exchange Commission filing, Berkshire paid close to $582 million for the shares. Berkshire...
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Berkshire Hathaway Reports Q3 Earnings, Record $9.3B Stock Buyback
Saturday, November 7, 2020 - 12:37pm | 346Warren Buffett-led Berkshire Hathaway Inc. (NYSE: BRK-A) has released its Q3 earnings report. What Happened: Third-quarter operating profits fell at Berkshire Hathaway from a year ago, amid record repurchases of stock. Berkshire posted a 32% fall from $8.07 billion to $5.48...
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BNSF's Q2 Net Earnings Fall, But Operating Ratio Improves
Monday, August 10, 2020 - 4:31pm | 775Like its other Class I counterparts, the COVID-19 pandemic hit Berkshire Hathaway Inc.'s (NYSE: BRK) bottom line in the second quarter, with revenue falling 22% amid an 18% drop in rail volumes. "BNSF is an important part of the national and global supply chain and, as an essential business, has...
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Mackenzie Bezos Gets Rid Of About $370M Of Her Amazon Shares
Monday, January 27, 2020 - 10:58pm | 355Mackenzie Bezos, the former wife of Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos, has unloaded a little over 200,000 of her shares in the company. What Happened An end of the year filing with the United States Securities and Exchange Commission by Jeff Bezos showed that he now...
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Buffett Says Driverless Vehicles Are Good For The World, But Bad For His Bottom Line
Monday, May 8, 2017 - 3:41pm | 501Warren Buffett had to laugh when he was asked whether driverless vehicles would hurt or help his GEICO insurance company and his Burlington Northern Santa Fe, LLC railroad holdings. “I would say driverless trucks are a lot more of a threat than an opportunity to the Burlington Northern,...
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6 Of The Most Talked About M&A Deals This Year
Wednesday, December 16, 2015 - 11:14am | 1647Mergers and acquisitions were a hot topic this year, as some of the world's largest brands joined forces in an effort to snap up market share, diversify products and avoid taxes. Cheap borrowing costs and the addsed weight of sluggish economic growth helped 2015 become a record-breaking year for U....
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#PreMarket Primer: Friday, May 16: Wall Street Giants Take Up Positions In Telecom Sector
Friday, May 16, 2014 - 6:58am | 1153Big investment firms are taking large positions in the telecommunications space as several deals take shape throughout the sector. Warren Buffett, Daniel Loeb and John Paulson all bought a sizable number of Verizon Communications shares and several dumped all or part of their stake in General...
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Warren Buffett Reveals His Latest Gems In 13F
Thursday, May 15, 2014 - 7:34pm | 444Whale watchers across Wall Street tuned into the SEC's EDGAR website Thursday afternoon, and -- as always -- Warren Buffett is the highlight. Traders are adjusting their positions in Verizon, GM and Philips 66 based on the Oracle of Omaha's most recent 13F filing. The biggest position Buffett...
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The 20 Stocks with the Highest Share Price
Wednesday, May 15, 2013 - 12:48pm | 142It's official. With its shares eclipsing the $900 mark, Google (NASDAQ: GOOG) is trading in the nosebleeds. Out of curiosity, Benzinga decided to look where other publicly traded companies in the S&P 500 (NYSE: SPY) were trading at. This only includes the S&P 500 -- otherwise companies...
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The Top 10 Fortune 500 Companies for 2013
Friday, May 10, 2013 - 2:21pm | 73This year's list of Fortune 500 companies was released yesterday to much fanfare. Among the highlights was Wal-Mart (NYSE: WMT) regaining the top spot and Apple (NASDAQ: AAPL) making the top ten for the first time. Benzinga has you covered with a list of the top ten, including each company's 2012...
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With Cleveland Plain Dealer Delivery Cuts, Are Newspapers a Dying Breed?
Monday, April 8, 2013 - 10:12am | 635The Cleveland Plain Dealer said Thursday that it plans to trim home delivery to three days a week, starting this summer. As part of the move the paper announced it would cut more than a third of its staff of over 160 people. Unlike other papers in the privately owned Advance Publications group...
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New Year's Resolutions From Famed Investor Warren Buffett
Monday, December 31, 2012 - 5:11pm | 556As the ball drops, lovers kiss, and champagne corks fly -- tis the season for New Year's resolutions. Investors around the world are reflecting on their performance over the past year, and setting goals to do even better in 2013. Seeking inspiration for a New Year's resolution?...