Berkshire Hathaway

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Berkshire Hathaway Makes Its Biggest Buy in 3 Years

Drops $9.7B on Occidental's OxyChem unit

(Newser) - Berkshire Hathaway is making its biggest move in years, announcing a $9.7 billion cash purchase of OxyChem, the petrochemical arm of Occidental Petroleum. The acquisition is Berkshire's largest since it bought insurer Alleghany for $11.6 billion in 2022, and it comes as Warren Buffett's tenure...

Battle of the Batteries: Duracell Sues Energizer

Duracell challenges Energizer's ad claims in federal court

(Newser) - America's two leading battery makers are in court over battery life claims. Duracell has filed a federal lawsuit in Manhattan against Energizer, accusing its rival of misleading consumers with recent advertising, CNN reports. According to the complaint, Energizer's new ad campaign asserts that its MAX batteries last...

Warren Buffett: Here's Why I Decided to Step Down

Berkshire Hathaway CEO says he finally started feeling the effects of aging

(Newser) - Warren Buffett sat down with the Wall Street Journal to talk about his looming exit from Berkshire Hathaway , which he's led since buying the company—then a textile maker—at age 34. Now 94, Buffett gives a simple reason for his decision to step down as CEO: his age....

5 Things to Know About Warren Buffett's Retirement
5 Things to Know About
Warren Buffett's Stunner
the rundown
May 5, 2025 8:46 AM CDT

5 Things to Know About Warren Buffett's Stunner

One key point: While the 94-year-old legend is stepping down as CEO of Berkshire, he will remain chairman

(Newser) - Warren Buffett stunned the annual shareholders meeting of Berkshire Hathaway over the weekend by announcing that he would step down as CEO at the end of the year.
  • Not fully retiring: The 94-year-old softened the blow by saying he would stay on as chairman to offer guidance on future acquisitions
...

Buffett Criticizes Trade War, Then Says He's Stepping Down

Berkshire Hathaway CEO says he'll turn over reins at the end of the year

(Newser) - The first question posed to Warren Buffett during Berkshire Hathaway's shareholders meeting Saturday was about President Trump's tariffs. The investor was critical, Yahoo Finance reports. "We should be looking to trade with the rest of the world, and we should do what we do best, and they...

Buffett's Letter Includes a Word for 'Uncle Sam'

Berkshire Hathaway boss analyzes last quarter, 2024 for shareholders

(Newser) - Warren Buffett on Saturday celebrated the successes of Berkshire Hathaway's companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive conglomerate. His annual letter to shareholders also had suggestions for President Trump, the AP...

Berkshire Sells More of Apple, Pushing Pile of Cash to Record

Buffett struggles to find investments at the right price

(Newser) - Warren Buffett's Berkshire Hathaway added to its mountain of cash last quarter as it struggled to find stocks it wants to buy—including its own—while selling more of its stake in Apple. An earnings report released Saturday said its kitty reached a record $325.2 billion by the...

It's the First Non-Tech US Company Worth $1T

Berkshire Hathway passes milestone days ahead of Warren Buffett's 94th birthday

(Newser) - Berkshire Hathaway hit a major milestone on Wednesday, two days before CEO Warren Buffett's 94th birthday. The company passed $1 trillion in market capitalization, with the price of Class A shares rising to more than $696,000, far more than the cost of the average US home, Quartz reports....

Berkshire Hathaway Sells, Especially Apple Shares

Warren Buffett's conglomerate is now sitting on a record amount of cash

(Newser) - Warren Buffett's company sold almost half its shares in Apple last quarter, ballooning its cash stockpile to a record $276.94 billion. A financial report released Saturday shows that Berkshire Hathaway sold a net $75.5 billion in stocks in the three-month period ending June 30. The accumulation of...

A Warren Buffett 'Mystery' Has Been Solved

His Berkshire Hathaway has scooped up a major stake in Chubb insurance giant, worth about $6.7B

(Newser) - Both CNN and the Wall Street Journal call it a "mystery" that's now been solved: Warren Buffett's Berkshire Hathaway has revealed a major stake that's been kept hush-hush since last year. The outlets report that the investment is in global insurance giant Chubb, and that Buffett'...

Wall Street Adds to Last Week's Gains
Freshpet Jumps
More Than 10%
MARKETS
May 6, 2024 3:37 PM CDT

Freshpet Jumps More Than 10%

Spirit Airlines slides 9.7%

(Newser) - US stocks closed higher Monday on Wall Street, adding to last week's gains.
  • The S&P 500 rose 52.95 points, or 1%, to 5,180.74.
  • The Dow Jones Industrial Average rose 176.59 points, or 0.5%, to 38,852.27.
  • The Nasdaq composite rose 192.92
...

Buffett Discusses Losses, Future at Somber Meeting

Berkshire's first gathering since Charlie Munger's death includes succession details

(Newser) - Warren Buffett discussed investments, as usual, in his remarks to Berkshire Hathaway's annual shareholder meeting in Omaha on Saturday. But he also referenced another type of loss, as well as his own mortality, in the first gathering of the company's investors since the death last fall at 99...

$1B Donation to Cover Med School Tuition for All

Ruth Gottesman wants graduates to begin careers free of debt

(Newser) - A former professor at a New York City medical school has given it $1 billion, saying the money should be used to cover tuition for all future students. Ruth Gottesman, 93, studied learning disabilities and operated literacy programs at the Albert Einstein College of Medicine in the Bronx, the New ...

This Year, Buffett Credits His Sister and Charlie Munger
This Year, Buffett
Honors Munger
Feb 24, 2024 12:10 PM CST

This Year, Buffett Honors Munger

Berkshire Hathaway chief tells investors not to expect difference-making acquisitions

(Newser) - Warren Buffett credited his longtime investing partner—the late Charlie Munger—with being the architect of the Berkshire Hathaway conglomerate he's received the credit for leading and warned shareholders in his annual letter Saturday not to listen to Wall Street pundits or financial advisors who urge them to trade...

Warren Buffett's Right-Hand Man Dies
Warren Buffett's
Longtime Sidekick Dies
OBITUARY
Nov 28, 2023 5:42 PM CST

Warren Buffett's Longtime Sidekick Dies

Charlie Munger was a month away from turning 100

(Newser) - Charlie Munger, who helped Warren Buffett build Berkshire Hathaway into an investment powerhouse, has died at a California hospital. He was 99. Berkshire Hathaway said in a statement that Munger's family told the company that he died Tuesday morning at the hospital just over a month before his 100th...

These Companies Just Made Fortune 500's Top 10

Walmart takes top spot in annual ranking of largest US firms

(Newser) - Fortune has released its annual Fortune 500 rankings, its 69th version of the list of the country's largest corporations, based on revenue for 2022's fiscal year. Per a release , a company had to bring in $7.2 billion to be included, a jump of 13% from last...

Buffett Rips Criticism of Buybacks
Buffett Rips
Criticism of
Buybacks
Feb 25, 2023 1:40 PM CST

Buffett Rips Criticism of Buybacks

Berkshire Hathaway posts quarterly drop in operating profit

(Newser) - Operating earnings are the best way to assess profitability, Warren Buffett says. On Saturday, Berkshire Hathaway released results showing operating profit for the fourth quarter of 2022 was $6.7 billion, almost 8% off third-quarter earnings of $7.8 billion, CNN reports. All told, earnings fell 125% for a loss...

Hurricane Ian Hurts Results for Buffett's Berkshire


Berkshire Posts
Quarterly Loss
Nov 5, 2022 2:10 PM CDT

Berkshire Posts Quarterly Loss

Operating profits climb though results were hurt by rising fuel costs, Hurricane Ian

(Newser) - Despite a strong performance by its businesses in several sectors, Berkshire Hathaway posted a third-quarter loss on Saturday. Warren Buffett's conglomerate announced a net loss of $2.69 billion, the Wall Street Journal reports, following a $10.34 billion profit in the same period last year. Operating earnings, on...

Fall in Stock Prices Hurts Buffett, Too


Berkshire
Hathaway
Posts
$43B Loss
Aug 6, 2022 5:45 PM CDT

Berkshire Hathaway Posts $43B Loss

Buffett's operation feels drop in stock prices

(Newser) - Berkshire Hathaway reported a $43.8 billion second-quarter loss on Saturday, largely driven by the drop in the stock prices of its biggest investments. In the same period last year, Warren Buffett's operation posted a profit of $28.1 billion, the Wall Street Journal reports. Still, Berkshire managed to...

Berkshire Invested $51B Last Quarter, Buffett Says


Berkshire
Shareholders
Receive Update
in Person
the rundown
Apr 30, 2022 4:30 PM CDT

Berkshire Shareholders Receive Update in Person

Buffett discusses new investments, inflation

(Newser) - Thousands of Berkshire Hathaway shareholders returned in person Saturday for their annual meeting heard Warren Buffett update them about investments and rail about the widespread harm inflation is doing. The pandemic had prevented the gathering in Omaha for the past two years. After earlier saying that inflation "swindles" equity...

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