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Buffett: Berkshire Currently Underpriced; If Pricing Was On The Dot, There Wouldn't Be Money in Trading
Monday, May 7, 2012 - 8:55am -
J.P. Morgan Comments On Berkshire Hathaway's Acquisition Of Lubrizol
Tuesday, March 15, 2011 - 7:27am | 197In a report published by J.P. Morgan, Lubrizol (NYSE: LZ) is to be acquired by Berkshire Hathaway and the price target is increase to $135 from $117. J.P. Morgan said that it believes that it is worthwhile to place the Berkshire proposal to acquire Lubrizol into longer- and shorter-term contexts...
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Warren Buffett On Steve Jobs, Wells Fargo Controversy, Picking Winners, And More (AAPL, WFC, BAC)
Wednesday, March 2, 2011 - 2:10pm | 1278What does Warren Buffett think of Wells Fargo (NYSE: WFC)? Why did he pull out of Bank of America (NYSE: BAC)? Is Apple (NASDAQ: AAPL) in trouble? Buffett answered these questions and much, much more during his three-hour interview with CNBC this morning. Addressing The Wells Fargo Controversy...
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Why Was Lou Simpson's Portfolio Liquidated? Warren Buffett Answers
Wednesday, March 2, 2011 - 11:10am | 80Why were the managers of Berkshire Hathaway Inc. (NYSE: BRK-A) allowed to liquidate Lou Simpson's portfolio when he retired? “I buy stocks with the idea I'd be happy with holding them forever,” Buffett told CNBC this morning. “But Lou Simpson was managing his own portfolio; he managed it for 21...
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Matthew K. Rose Joins AT&T Board of Directors (T)
Friday, September 24, 2010 - 1:21pm | 64AT&T Inc. (NYSE: T) today announced that Matthew K. Rose will join the company's board of directors. Mr. Rose is chairman, president and chief executive officer of Burlington Northern Santa Fe, LLC (BNSF), a subsidiary of Berkshire Hathaway Inc. Mr. Rose also serves on the board of AMR...
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Warren Buffett’s Portfolio Update (KMX, IRM, GCI, KFT, MCO, PG)
Monday, May 17, 2010 - 6:10pm | 185Berkshire Hathaway Inc. (NYSE: BRK.A) is out with its quarterly portfolio report this evening. A few of the key changes in holdings include a 9 million shares decrease in his Warren Buffett’s Proctor & Gamble (NYSE: PG) holdings, a heavy decrease in his Kraft (NYSE: KFT) holdings (nearly 32...
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Warren Buffett Is Buying Homes
Saturday, April 10, 2010 - 12:59pm | 138A lot can be learned from the moves of Warren Buffett. He is widely regarded as the best investor of all time. Buffett has been turning his attention to real estate lately. His company, Berkshire Hathaway (BRK-A) recently purchased Schiller Real Estate for an undisclosed amount. Schiller Real...
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Berkshire Hathaway (BRK-A) (BRK-B) Buys Alcohol Distributor
Monday, March 22, 2010 - 7:39pm | 87Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) announced that it's McLane Co. unit bought alcohol distributor Kahn Ventures Inc. McLane Co. is a food service distributor that services 60,000 stores through its 38 distribution centers. The deal will allow Kahn Ventures Inc. and...
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Why Do Berkshire Hathaway Bonds Have A Lower Yield Than Government Bonds? (BRK.A, BRK.B)
Monday, March 22, 2010 - 9:25am | 329The title might sound crazy but that is what Bloomberg News reported yesterday.A story on bloomberg.com states that bonds sold by Warren Buffett's Berkshire Hathaway(BRK.A, BRK.B) are trading at "3.5 basis points less than Treasuries of similar maturity". The story is very strange. Treasuries are...
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Buffett Reduces Oil Company (XOM) (COP) Holdings
Tuesday, February 16, 2010 - 6:45pm | 80According to a Securities and Exchange Commission filing, Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) has reduced its stake in Exxon Mobil Corporation (NYSE: XOM) to 421,800 shares, down 67%, and its stake in ConocoPhillips (NYSE: COP) was lower 34% to 37.7 million shares. The SEC filing...
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Fitch Rating Downgrades Berkshire Hathaway (BRK-A) (BRK-B)
Wednesday, February 10, 2010 - 2:15pm | 95Rating agency Fitch Ratings announced on Wednesday that it was downgrading Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) from AA+ TO AA- because of concerns about Berkshire Hathaway's takeover of Burlington Northern Santa Fe Corp. (NYSE: BNI. Fitch Ratings cut ratings on Berkshire's insurance...
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Berkshire To Be Added to S&P 500, Shares Surge
Tuesday, January 26, 2010 - 7:12pm | 88Standard & Poor's made an announcement late today that Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) will replace Burlington Northern Santa Fe Corp. (NYSE: BNI) in the S&P 500 index (Nasdaq: SPX). The change will occur when the conglomerate holding company, led by chairman and CEO...
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Private jet operator NetJets to lay off close to 500 pilots
Tuesday, November 10, 2009 - 6:50pm | 198Columbus, Ohio-based NetJets, a wholly-owned subsidiary of Berkshire Hathaway Inc., announced late last week that it plans to lay off 495 out of 3,000 pilots currently employed by the company. NetJets is the pioneer of fractional-ownership of small business jets which allows for partial ownership...