News
BRK-B
420.52
+0.86%
3.59
FACTBOX-Companies react to Baltimore bridge collapse
Major bridge collapsed in the U.S. Port of Baltimore after being struck by a container ship. Carmakers and other companies which use the port have said they expect minimal impact on their operations. ASR GROUP says it has six to eight weeks of raw sugar stocks at its Baltimore sugar refinery. BMW BMW says it does not expect any immediate impact from the bridge collapse.
Reuters · 1d ago
FACTBOX-Companies react to Baltimore bridge collapse
Major bridge collapsed in the U.S. Port of Baltimore on Monday. Carmakers and other companies which use the port say they expect no immediate impact on their operations. ASR, Consol Energy, Home Depot, LME, Ford and others say they are unaffected by the collapse.
Reuters · 2d ago
FACTBOX-Baltimore port: What impact will bridge collapse have on shipping?
Baltimore port is the busiest U.S. Port for car shipments. It is the deepest harbor in Maryland's Chesapeake Bay, closer to the Midwest than other East Coast ports. The port is one of the smallest container ports on the Northeastern seaboard. Traffic is suspended at the port after a bridge collapsed in the port of Baltimore.
Reuters · 2d ago
Weekly Report: what happened at BRK B last week (0318-0322)?
Weekly Report · 4d ago
BREAKINGVIEWS-Japanese investors becoming the life of the party
Breakingviews: It has taken 35 years to restore faith in the earning power and decision-making of Japanese companies. Three U.S. Investors are helping to change attitudes in Japan. The Nikkei 225 index is surpassing the same record high as during the peak of the country's power in 1989. Japanese investors are becoming the life of the party, says Jeffrey Goldfarb.
Reuters · 03/21 00:00
Home sellers say HomeServices owes $4.7 bln in real estate commissions case
Home sellers say HomeServices owes $4.7 bln in real estate commissions case. Missouri-area home sellers won a $1.7 billion verdict last October over claims they paid inflated commissions. HomeServices is the sole defendant left in the case. Lawyers for HomeServices have asked a judge to scrap the verdict.
Reuters · 03/18 22:39
Berkshire Hathaway speeds up stock buybacks
Berkshire Hathaway repurchased the equivalent of 3,808 Class A shares this year through March 6. Nearly three-quarters of the repurchases took place after Feb. 12. Chairman Warren Buffett considers shares undervalued and a good place to spend excess cash.
Reuters · 03/18 18:47
Weekly Report: what happened at BRK B last week (0311-0315)?
Weekly Report · 03/18 09:27
UPDATE 1-Buffett's Berkshire boosts CEO-designate Abel's pay to $20 million
Buffett's Berkshire boosts CEO-designate Abel's pay to $20 million last year. Berkshire Hathaway posts a record operating profit of $37.4 billion. Company urges rejection of six shareholder proposals. Berkshire says Greg Abel's salary grew from $19 million to $16 million.
Reuters · 03/15 21:40
Berkshire raises pay for Buffett's successor Greg Abel to $20 million
Berkshire Hathaway raises pay for Buffett's successor Greg Abel to $20 million. Abel is expected to succeed Warren Buffett as chief executive in 2023. The conglomerate posted a record operating profit in 2014. Abel and Vice Chairman Ajit Jain were each awarded $19 million in salary.
Reuters · 03/15 20:22
UPDATE 1-Cost to buy homes could fall as big US real estate group settles litigation
National Association of Realtors agrees to $418 million settlement in antitrust case. The settlement could lower commissions for buyers and sellers of homes by thousands of dollars. The NAR and brokerages accused of inflating sales commissions. The changes could spur more home sales and lower costs for buyers.
Reuters · 03/15 16:12
Big US real estate group settles litigation over inflated commissions
Big US real estate group settles litigation over inflated commissions. National Association of Realtors would pay $418 million over about four years. Home buyers had sued the realtor group and brokerages. Critics say commissions should be lower. In October a jury ordered the group to pay $1.78 billion in an antitrust case.
Reuters · 03/15 14:46
Geico won't face class-action claims it overcharged drivers during pandemic
Geico won't face class-action claims it overcharged drivers during pandemic. The car insurer is owned by Warren Buffett's Berkshire Hathaway BRKa.N. Lawsuit alleges Geico overcharged policyholders early in the COVID-19 pandemic in Illinois. Less driving during the pandemic contributed to Geico's losses.
Reuters · 03/12 16:49
Weekly Report: what happened at BRK B last week (0304-0308)?
Weekly Report · 03/11 09:26
INSIGHT-US natural gas pipeline accidents pose big, unreported climate threat
U.S. Gas pipeline accidents pose big, unreported climate threat. Pipeline mishaps unintentionally released 9.7 billion cubic feet of gas into the atmosphere between 2019 and 2023. That is the climate equivalent of running four average-sized coal-fired power plants for a year. Accidental pipeline leaks are not counted in the official tally of greenhouse gas emissions.
Reuters · 03/08 11:00
FACTBOX-US utilities under fire over role in deadly blazes
US utilities under fire over role in deadly blazes. Texas wildfire is largest on record for the state. U.S. Utility firms have been sued in the recent past for their alleged role in wildfires. Xcel Energy, Hawaiian Electric and PG&E are among those facing lawsuits.
Reuters · 03/06 12:29
UPDATE 1-Berkshire's PacifiCorp ordered to pay at least $29 million to Oregon wildfire victims
Berkshire's PacifiCorp ordered to pay at least $29 million to Oregon wildfire victims. Plaintiffs claim utility failed to shut off its power lines during high winds in 2020 wildfires. A jury ordered the utility to pay $29.2 million to homeowners and a summer camp damaged by the fires. The company could face billions of dollars in liability for the wildfires.
Reuters · 03/05 22:42
BREAKINGVIEWS-Japan faces a reckoning with its zombie companies
Breakingviews: Japanese stocks are partying like it's 1989. Nikkei 225 Index topped 40,000 for the first time this week. Big Japanese companies are well equipped for the end of the country's low interest rates. But the shift in monetary policy will unearth the dark side of Japan Inc. Small businesses face a reckoning with its zombie companies.
Reuters · 03/05 00:39
Berkshire unit added to lawsuit over inflated real estate commissions
Berkshire Hathaway Energy added to lawsuit over inflated real estate commissions. National Association of Realtors and several brokerages accused of conspiring to keep commissions artificially high. Lawsuit is among several challenging industry practice of high commissions. Berkshire Hathaway owns 92% of HomeServices of America.
Reuters · 03/04 22:43
Weekly Report: what happened at BRK B last week (0226-0301)?
Weekly Report · 03/04 09:27
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About BRK-B
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities. Its various business activities include insurance businesses conducted on both a primary basis and a reinsurance basis. Its segments include Insurance; Railroad (BNSF); Berkshire Hathaway Energy (BHE); Pilot Travel Centers (PTC); Manufacturing; McLane Company (McLane), and Service and retailing. The Insurance segment includes GEICO, Berkshire Hathaway Primary Group and Berkshire Hathaway Reinsurance Group. The BNSF segment includes operation of railroad systems in North America through Burlington Northern Santa Fe, LLC. The BHE segment offers regulated electric and gas utilities. The Manufacturing segment manufacturers various products, including industrial, consumer and building products. The McLane segment is engaged in wholesale distribution of groceries and non-food items. The PTC segment is an operator of travel centers in North America and a marketer of wholesale fuel.