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Berkshire Hathaway Inc (BRK.A)

  • Mar. 1, 2013, 4:17 PM
    Berkshire Hathaway (BRK.A): Q4 operating earnings/share of $1,704 vs. $1,615 in year-ago period. Net earnings/share of $2,757 vs. $1,846 in year-ago period. Total operating earnings of $2.8B, net earnings of $4.55B. Book value of $114.2K/share. Insurance float of $73B. Revenue of $44.7B. (PR) (10-K)
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  • Feb. 28, 2013, 9:07 AM
    A screen searching for stocks Warren Buffett (BRK.B) may be interested in turned up 28 names, but only one - ADM - is a current Berkshire holding. Most likely to catch the Oracle's eye from the rest of the list, writes Jack Hough in Barron's, is Sysco (SYY), Cummins (CMI), and Illinois Tool Works (ITW).
  • Feb. 26, 2013, 8:51 AM
    Warren Buffett (BRK.B) picks up another community newspaper, this one the Tulsa World, circulation 95K. "The newspaper business has become a difficult business model ... in particular for local family-owned newspapers," says Robert Lorton, whose family has published the paper for more than 100 years.
  • Feb. 22, 2013, 4:41 AM
    Goldman Sachs (GS) has become ensnared in the investigation into the suspicious trading of Heinz (HNZ) options ahead of the announcement of its $28B buyout, with the account that carried out the trade owned a "private wealth client" of the bank. Goldman, which hasn't been accused of wrongdoing, said it doesn't have "direct access" to information about who owns the account. Given Swiss secrecy laws, the SEC will have a job finding out.
  • Feb. 19, 2013, 5:54 PM
    The FBI reportedly is launching a criminal investigation into certain trades made ahead of the $23B deal for Heinz (HNZ). Reports have at least one trader betting HNZ would gain 8.1% through June expiry, a trade that paid off more than 18x the investment when the deal was announced Feb. 14. Names of potential traders in the cross-hairs have not been released. (earlier)
  • Feb. 15, 2013, 5:32 PM
    The SEC files suit against Swiss traders in Heinz (HNZ) call options and obtains an emergency order to freeze the assets in an account linked to the trading. The lawsuits cite "highly suspicious trading" just prior to the Feb. 14 news of the acquisition by Berkshire Hathaway (BRK.A, BRK.B) and 3G Capital. (earlier)
  • Feb. 15, 2013, 3:10 AM
    The SEC reportedly is investigating a surge in trading of Heinz (HNZ) call options on Tuesday, before news the company was being bought by Berkshire Hathaway (BRK.A) and 3G Capital for $28B, or $72.50 a share. A Heinz $65 call option expiring on June 22 apparently had a volume of 2,593 contracts on Wednesday vs. an average over the prior 20 days of 13. 3G's acquisition of Burger King in 2010 came under similar scrutiny.
  • Feb. 14, 2013, 8:41 AM
    Heinz (HNZ) is the only food company that can boast 30+ quarters of organic food growth, director Nelson Peltz tells CNBC, commenting on the acquisition. "I think there are many deals coming," Peltz says noting the negligible cost of money, which he notes explains his stake in Lazard (LAZ). "The M&A market is just getting rolling."
  • Feb. 14, 2013, 8:18 AM
    "We've bought a number of companies that have traded higher temporarily higher," Buffett tells CNBC after noting Heinz (HNZ) is currently trading at $72.90, a premium to the $72.50 price Berkshire (BRK.A) and 3G set with HNZ. "They're not going to get another penny out of me," the Oracle promises.
  • Feb. 14, 2013, 8:14 AM
    Berkshire (BRK.A) and 3G Capital are paying almost a 20% premium on Heinz's (HNZ) all-time high. Buffett will shell out almost $20B in cash, but says "we're still ready for another elephant" with ~$47B cash on the books. HNZ suits Buffett's famous enthusiasm for food: "I've sampled the product many, many times," he tells CNBC. HNZ will be run by 3G, not Berkshire.
  • Feb. 14, 2013, 7:52 AM
    Berkshire Hathaway (BRK.A) to buy H. J. Heinz Company (HNZ) for $72.50/share, or $28B. Shares +20.2% premarket to $72.70. Update: Confirmed.
  • Feb. 6, 2013, 1:13 PM
    There's decent demand for the first municipal bond insured by Berkshire Hathaway's (BRK.B) Assurance Corp - a $106M, 34-year issue. The price looks like 1.70% above the 30-year Treasury, a bit less than the 1.75% whispered earlier. (previous)
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  • Feb. 5, 2013, 5:37 AM
    Berkshire Hathaway (BRK.A) has agreed to reinsure Cigna Corp. (CI) death benefits and retirement products in a deal that will provide Berkshire with $1.8B in investment assets but in which it will also take on up to $4B in liabilities. Cigna will fund the deal with $100M in cash and a $300M tax benefit, and will take a Q1 after-tax charge of $500M. (PR)
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  • Feb. 4, 2013, 3:28 PM
    Warren Buffett (BRK.A) gets back into municipal-bond insurance, with Assurance Corp. writing its first policy in more than 3 years - this on a suburban Dallas development that just happens to have the Nebraska Furniture Mart as an anchor. The unit has written nothing for the past few years as Buffett feels the premiums aren't high enough for the risk.
  • Jan. 31, 2013, 1:08 PM
    Warren Buffett continues his bet on print media with Berkshire Hathaway (BRK.B) picking up for undisclosed terms the Greensboro News & Record from Landmark Media Enterprises. The community paper has daily circulation of 58K, 86K on Sunday.
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  • Jan. 29, 2013, 12:41 PM
    Why doesn't Buffett (BRK.B) buy back more shares? He can do better elsewhere, writes The Brooklyn Investor, posting the "astonishing" record of book value/share growth in Wells Fargo (WFC) over the past decade. If a fund had this sort of record, investors would be begging to get in, but just because it's a TBTF bank, many refuse to invest.
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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.