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Berkshire Hathaway

American multinational conglomerate holding company

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Berkshire Hathaway: American multinational conglomerate holding company
Berkshire Hathaway is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. The company wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Pampered Chef, Forest River and NetJets, and also owns 38.6% of Pilot Flying J; and significant minority holdings in U.S. public companies Kraft Heinz Company (26.7%), American Express (17.6%), Wells Fargo (9.9%), The Coca-Cola Company (9.32%), Bank of America (6.8%), and Apple (5.22%). Beginning in 2016, the company acquired large holdings in the major US airline carriers, namely United Airlines, Delta Air Lines, Southwest Airlines and American Airlines but sold all of its airline holdings early in 2020. Berkshire Hathaway has averaged an annual growth in book value of 19.0% to its shareholders since 1965, while employing large amounts of capital, and minimal debt.

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Warren Buffett Waiting To Deploy $137 Billion Cash Pile [Video]

Warren Buffett Waiting To Deploy $137 Billion Cash Pile

Rick Wilking/Reuters Warren Buffett's Berkshire Hathaway hasn't closed a major takeover since 2016, and the holding company's ammunition for such a deal is building up. Berkshire has $137 billion to..

Credit: Wochit News     Duration: 00:33Published
Warren Buffett Hosts His Annual 'Woodstock For Capitalists,' But Virtually [Video]

Warren Buffett Hosts His Annual 'Woodstock For Capitalists,' But Virtually

Billionaire investor Warren Buffett discussed a range of topics at Berkshire Hathaway's annual meeting on Saturday. The Berkshire Hathaway CEO hosted the virtual event and answers questioned posed by..

Credit: Wochit News     Duration: 00:34Published

Wall Street snaps two-day slump on lift from tech titans

U.S. stocks ended higher on Monday as increases in large tech and internet companies and oil price gains outweighed concerns about the latest U.S.-China tensions and downbeat sentiment from the annual..
Reuters - Published

Wall Street closes higher with help from tech, energy

U.S. stocks ended higher on Monday as gains in large tech and Internet companies and rising oil prices outweighed concerns sparked by fresh U.S.-China tensions and downbeat sentiment from the annual..
Reuters - Published

S&P 500, Dow drop as Buffett ditches airlines, China tensions flare

The S&P 500 and Dow Jones dropped for the third session on Monday following a U.S.-China dispute over the origins of the coronavirus outbreak and a move by billionaire Warren Buffett's Berkshire..
Reuters - Published

U.S. airline shares tumble as Buffett sell-off adds to worries

Shares of the top four U.S. airlines dropped on Monday after billionaire investor Warren Buffett said Berkshire Hathaway offloaded its entire stake in the carriers last month, adding to the sense of..
Reuters - Published

Futures hit by U.S.-China tension; airlines tumble as Berkshire pulls away

U.S. stock index futures retreated on Monday after a fresh spat between Washington and Beijing over the origin of the novel coronavirus, while airlines slumped as Berkshire Hathaway dumped its holdings..
Reuters - Published

Warren Buffett's company Berkshire Hathaway sells US airline shares

The billionaire investor says he doesn't see any remaining upside in the airline industry.
BBC News - Published

Warren Buffett says the coronavirus cannot stop America, or Berkshire Hathaway

Billionaire investor Warren Buffett on Saturday said the United States' capacity to withstand crises provides a silver lining as it combats the coronavirus, even as he acknowledged that the global..
Reuters - Published

Buffett's Berkshire posts nearly $50 billion loss as coronavirus causes pain

Warren Buffett's Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in..
Reuters - Published

Buffett's Berkshire posts record net loss on coronavirus, operating profit rises

Warren Buffett's Berkshire Hathaway Inc posted a higher operating profit on Saturday, but the coronavirus pandemic pummeled its common stock investments and led to a record net loss.
Reuters - Published

Factbox: Warren Buffett, Berkshire Hathaway at a glance

Warren Buffett's Berkshire Hathaway Inc's annual meeting on May 2 will break with tradition and be held virtually, as the coronavirus pandemic halts large gatherings.
Reuters - Published

Buffett likely to finally address pandemic at Berkshire Hathaway meeting

Berkshire Hathaway Inc's annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the..
Reuters - Published

Berkshire taps former AmEx CEO Kenneth Chenault for board, as Bill Gates steps aside

Warren Buffett's Berkshire Hathaway Inc said on Friday that former American Express Co Chief Executive Officer Kenneth Chenault has been nominated to the conglomerate's board of directors, replacing..
Reuters - Published

Coronavirus forces Warren Buffett to cancel 'Woodstock for Capitalists'

Warren Buffett on Friday said the coronavirus pandemic forced him to cancel Berkshire Hathaway Inc's annual shareholder weekend, the largest gathering in corporate America, because the safety of..
Reuters - Published

Warren Buffett says 'I'm a Democrat,' and would have 'no trouble' voting for Bloomberg

Warren Buffett, the chairman of Berkshire Hathaway Inc and one of the world's most admired investors, said on Monday he is a Democrat, and would have "no trouble" voting for fellow billionaire Michael..
Reuters - Published

Warren Buffett calls coronavirus outbreak 'scary stuff,' but says he won't be selling stocks

Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc , on Monday called the coronavirus outbreak "scary stuff" but said that it was no time to sell stocks despite the threat of a..
Reuters - Published

Buffett defends Berkshire stock push, reassures on future as profit smashes record

Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major..
Reuters - Published

Rising stocks fuel record profit for Buffett's Berkshire; operating profit disappoints

Warren Buffett's Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its..
Reuters - Published

Buffett defends stock investments, which fueled record Berkshire profit

Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major..
Reuters - Published

Buffett's Berkshire buys Kroger and Biogen, reduces Wells Fargo and Goldman stakes

Warren Buffett's Berkshire Hathaway Inc on Friday said it has taken a $549.1 million stake in Kroger Co, investing in the largest U.S. supermarket chain as smaller rivals struggle.
Reuters - Published

Warren Buffett gives up on newspapers; Berkshire sells unit to Lee Enterprises

Warren Buffett's Berkshire Hathaway Inc agreed to sell its newspaper business to Lee Enterprises Inc for $140 million in cash, abandoning an industry the billionaire investor had long defended even as..
Reuters - Published

Buffett's Berkshire sells newspaper business, including hometown paper, to Lee Enterprises

Warren Buffett's Berkshire Hathaway Inc said on Wednesday it is selling its newspaper operations to Lee Enterprises Inc , abandoning an industry the billionaire investor had long supported and defended..
Reuters - Published

Owners of solar company that caused loss for Buffett plead guilty over Ponzi scheme

The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett's Berkshire Hathaway Inc to take a $377 million charge last year, pleaded guilty on Friday to involvement..
Reuters - Published

Buffett protege Todd Combs to become Geico CEO

The auto insurer Geico on Monday named Todd Combs, one of Warren Buffett's portfolio managers at Berkshire Hathaway Inc , as its chief executive.
Reuters - Published

Buffett's Berkshire tops profit forecasts despite trade drag, record cash

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..
Reuters - Published

Buffett's Berkshire boosts operating profit as economy improves

Berkshire Hathaway Inc , the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit rose 14%, as it improved results in multiple business lines and generated..
Reuters - Published

Buffett's Berkshire reports higher quarterly operating profit

Berkshire Hathaway Inc , the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit rose as the company posted higher profit in multiple business lines and..
Reuters - Published

Insurance, economy, tariffs weigh on Berkshire Hathaway

Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the..
Reuters - Published

Berkshire Hathaway profit falls as insurance underwriting declines

Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell, as the conglomerate run by billionaire Warren Buffett reported less income from insurance underwriting.
Reuters - Published