OMAHA(NEBRASKA):Warren Buffett's company says its third-quarter profit tripled as the improvingeconomy and stock market boosted the value of Berkshire Hathaway Inc.'sderivative contracts.Berkshire said Friday it generated $3.2billion, or $2,087 per share, in net income. That's up significantly from lastyear's $1.1 billion, or $682 per share.Most of the swing inearnings is related to unrealized gains...
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Buffett's Berkshire acquires ExxonMobil stake < ');" class="arial11blue1"> RateBillionaire Warren Buffett's company bought a nearly $60 million stake in Exxon Mobil Corp., trimmed holdings in oil rival ConocoPhillips and nearly doubled its stake in Wal-Mart Stores Inc. during the latest quarter.Omaha-based Berkshire Hathaway Inc. disclosed the changes to its $59.7 billion U.S. stock portfolio in a...
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Making a $34 billions bet on the future of the U.S. economy, Warren Buffett’s Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp. “Berkshire’s $34 billion investment in BNSF is a huge bet on that company, CEO Matt Rose and his team, and the railroad industry,” Buffett said in a statement.“Most important of all, however, it’s an all-in wager on the economic future of...
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OMAHA,NEBRASKA: Billionaire Warren Buffett's company has bought a nearly $60 millionstake in Exxon Mobil, and has cut holdings in oil rival ConocoPhillips.Berkshire Hathaway also nearly doubled its holdings in Wal-MartStores during the latest quarter. Omaha-based Berkshire disclosed the changes toits $59.7 billion US stock portfolio in a Securities and Exchange Commissionfiling on Monday.During the...
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Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly earningstripled, as rising stock markets boosted its investment holdings and a quiethurricane season contributed to higher insurance profit.Results wereannounced three days after Buffett revealed the biggest acquisition in his 44years running Berkshire, a $26 billion takeover of Burlington Northern Santa FeCorp. Berkshire had already...
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NEWYORK: If you always wanted to invest alongside Warren Buffett, but found it tooexpensive, you now have yourchance.Buffett's decision toconduct a 50-for-1 split of Class B shares of his Berkshire Hathaway Inc lowersthe price of entry for ordinary investors who long found it prohibitively costlyto buy the stock.The split isone piece of Berkshire's $26 billion takeover of Burlington Northern Santa...
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Legendary US investor Warren Buffett has spent a record $44 billion buying an American rail freight company, in the largest transaction in the history of his Berkshire Hathaway holding company.The purchase of the Burlington Northern Santa Fe Corp was agreed upon at $100 a share, paid for in both cash and stock. The purchase price includes $10 billion of outstanding debt."Its an all-in wager on the...
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visitBerkshire Hathaway Inc. agreed to acquire the 77% of Burlington Northern Santa Fe Corp. it doesn't already own for about $26 billion in cash and stock.Berkshire Chairman and Chief Executive Warren Buffett, said the $100 a share he offered was "all I could pay." He structured the deal as 60% in cash and the rest in stock because "we couldn't do an all-cash deal," he said in an interview. Mr. Buffett...
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