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Berkshire Hathaway Inc (BRK.A)

  • Jun. 4, 2013, 2:08 PM
    Berkshire Hathaway's (BRK.A, BRK.B) MidAmerican Energy says it won't build new nuclear reactors in Iowa in the near future due to the "uncertainty of carbon regulation and the extensive regulatory review for new nuclear reactor designs." The utility, Iowa's largest, had been collecting a half-percent charge from customers in the state to study the feasibility of building new reactors.
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  • Jun. 3, 2013, 9:23 AM
    Heinz (HNZ) announces the receipt of all regulatory approvals for its sale to Berkshire Hathaway (BRK.A) and 3G Capital. The transaction is expected to close on or about June 7. (PR)
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  • May. 29, 2013, 4:28 PM
    NV Energy (NVE) +22.4% AH after agreeing to be acquired by Berkshire Hathaway (BRK.A, BRK.B) subsidiary MidAmerican Energy for $23.75/share, a 23.2% premium to today's closing price. Upon completion of the deal, MidAmerican will have assets of ~$66B and its regulated electric and gas utilities will serve 8.4M customers.
  • May. 26, 2013, 2:45 AM
    Two freight trains, one run by Union Pacific (UNP) and the other by BNSF Railway (BRK.A), collided at an intersection in Missouri yesterday, causing several cars to derail and injuring seven people. The derailment was the second this year involving a Union Pacific train on the stretch of track where yesterday's incident took place.
  • May. 24, 2013, 5:42 PM
    Starz (STRZA) +3.2% AH after an SEC filing reveals Berkshire Hathaway (BRK.A, BRK.B) acquired ~5.62M shares, or a 5% stake, in the company.
  • May. 16, 2013, 11:51 AM
    More on the Berkshire (BRK.A -0.6%) downgrade: The cut may be more about S&P after the agency revised the criteria used to evaluate the creditworthiness of insurers, writes Erik Holm. Ratings cuts aren't a new thing at Berkshire, which lost its AAA at the epic March 2009 bottom. Also not new are succession worries, mentioned by S&P in 2009, and again today. 
  • May. 16, 2013, 8:26 AM
    Berkshire Hathaway's (BRK.A) credit rating is cut to AA with negative outlook from AA+ by S&P. "The lower credit rating ... better reflects our view of BRK's dependence on its core insurance operations for most of its dividend income ... only Burlington Northern has provided a significant portion of the total dividends paid from the operating companies to the holding company."
  • May. 15, 2013, 4:45 PM
    Another new position on the Berkshire (BRK.A) 13F is a $630M stake in Liberty Media (LMCA +0.4% AH), already a nice score as the stock's up nearly 15% from its Q1 level. (earlier on Berkshire 13F).
  • May. 15, 2013, 4:37 PM
    Buffett buys Chicago Bridge & Iron (CBI +1.5% AH), the Berkshire (BRK.A) 13F filing showing a new position valued at more than $400M. Missing from the portfolio are previously held positions in General Dynamics (GD no change AH) and Archer Daniels Midland (ADM -1% AH).
  • May. 14, 2013, 3:52 PM
    "Interest rates are to asset prices sort of like gravity to the apple," said Warren Buffett at the Berkshire (BRK.A) annual meeting last week. "When interest rates are low there is little gravitational pull on asset prices ... To buy $85B/month (is) easy. Don't know what would happen if they tried to sell $85B/month." Peter Boodell's comprehensive notes from the Buffett and Munger Q&A.
  • May. 14, 2013, 8:48 AM
    Presenting at the London Value Conference, Michael Price pitches Hospira (HSP) - a stock the growth investors have unloaded to the value guys after the FDA shut down one of its largest plants. He expects the company to have completely recovered within 2 years. He's also bullish on HESS, trading at a 50% discount to intrinsic value amid its proxy fight with Elliot - the outcome of which will see 4-5 new directors, and a split or even buyout of the company. A bearish idea: Berkshire Hathaway (BRK.A, BRK.B) is 20% overvalued.
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  • May. 9, 2013, 9:52 AM
    "Berkshire issuing debt is effectively an efficient way to short the bond market (AGG, BND)," says fund manager (and BRK.A, BRK.B owner) Richard Cook, following Berkshire Hathaway Finance's $1B debt offering yesterday (5-year and 30-year paper). Proceeds will be used to redeem $1B of notes maturing this month. "I feel sorry for people that have clung to fixed-dollar investments," said Buffett earlier this week.
  • May. 7, 2013, 4:57 PM
    DaVita (DVA) enters into a standstill agreement with Berkshire Hathaway (BRK.A) limiting ownership to 25% of DVA's outstanding stock, putting the kabosh on rumors of a takeout. Speculation had been stoked late last year that the 'Oracle of Omaha' might be looking to buy the dialysis operator, after Berkshire disclosed that it had accumulated nearly 13% of DVA's outstanding stock.
  • May. 6, 2013, 8:52 AM
    Wells Fargo (WFC) +0.4% premarket as Warren Buffett tells CNBC Berkshire (BRK.A) has been adding to its stake "pretty much every month this year." Over the weekend, NY AG Schneiderman promised new enforcement actions against major financial firms, and expects "very significant liability." (Earlier: Schneiderman and Delaware AG Biden back off BofA).
  • May. 4, 2013, 6:48 PM
    Buffett and Munger (BRK.B) on Europe: Buffett would happily buy a big business there "tomorrow" because "Europe is not going away" and in his opinion they will fix the flaws in their monetary system. "They have to find a structure that will work and eventually they will," Buffett says. Munger: "Letting Greece into the EU was like using rat poison for whipping cream: an exceptionally stupid idea." (WSJ)
  • May. 4, 2013, 5:31 PM
    Doug Kass/ Berkshire Hathaway (BRK.B) afternoon Q&A roundup: Kass wonders if the contrast between Buffett's bathtub BofA investment and the weeks of due diligence that went into BRK's move into American Express shows The Oracle is now more interested in the game than the score. "I have every bit of the intensity, though it's not manifested in the same way," Buffett responds. Kass asks if, contrary to Buffett's aversion to short-selling, BRK would consider a $100M investment in a managed investment account at Seabreeze if the profits went to charity. Munger: "We don't like trading agony for money." Kass asks what qualifies Buffett's son to be Berkshire's next non executive chairman. "[My son] won't be running Berkshire, [just] safeguarding its culture," Buffett politely says. (WSJ, NY Times)
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Company Description
Berkshire Hathaway Inc is a conglomerate holding company owning subsidiaries engaged in a number of business activities, including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, service and retailing.