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Berkshire Hathaway

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BUSINESS
August 16, 2013 | By Alan J. Heavens, Inquirer Real Estate Writer
Prudential Fox & Roach Realtors, one of the nation's largest independent real estate brokerage companies, said Wednesday that it had been acquired by HomeServices of America Inc., an affiliate of Warren Buffett's Berkshire Hathaway. Prudential Fox & Roach, with corporate headquarters in Devon, declined to disclose terms of the acquisition. The company has 62 offices and 4,000 sales associates in Pennsylvania, New Jersey, and Delaware. Its Trident Group subsidiary originates mortgages, sells property and casualty insurance, and offers title and escrow services.
BUSINESS
November 18, 1995 | By Andrea Knox, INQUIRER STAFF WRITER
It's the rare investor who hasn't yearned to buy shares in Berkshire Hathaway Inc., the investment company headed by the legendary Warren Buffett. It's the even rarer investor who can afford to do so: If Berkshire Hathaway was expensive at $8,300 a share four years ago, it was downright out of sight at yesterday's close of $31,600, up $1,500, on the New York Stock Exchange. But if Rolex and Dior can inspire knockoffs aimed at the thinner-wallet crowd, why not Buffett? And, sure enough, he has. In this case, though, there's nothing underhanded about the clones, and they're coming out of Philadelphia, not Hong Kong.
BUSINESS
February 14, 1996 | FROM INQUIRER WIRE SERVICES Inquirer staff writer Andrea Knox contributed to this article
Berkshire Hathaway Inc., by far the most expensive stock traded on the New York Stock Exchange, said yesterday it would sell a new class of lower-priced shares to the public. The announcement was regarded as a move by Warren Buffett, the company's chairman and chief executive, to block plans by two trusts - including one from Bala Cynwyd, Pa. - to pool investors' money and allow them to buy into Berkshire Hathaway at a bargain rate. The company's current stock, Class A, closed yesterday at $31,700 a share, down $200.
NEWS
June 28, 2006
A June 26 editorial incorrectly identified the company chaired by Wall Street investor/philanthropist Warren E. Buffett. The firm is Berkshire Hathaway Inc.
BUSINESS
January 6, 2008 | By Reid Kanaley, Inquirer Columnist
A trial - set to open tomorrow - on fraud allegations against several former executives of a unit of Berkshire Hathaway Inc. is bound to stir interest anew in Berkshire's famous chief executive officer, Warren E. Buffett , even though he isn't accused of wrongdoing. Here are sites about the billionaire investor. Forbes.com. Forbes' brief bio on last year's second-richest man (Bill Gates was first, natch), includes this staccato report: "Son of Nebraska politician delivered newspapers as a boy. Filed first tax return at age 13; claimed $35 deduction for bicycle.
NEWS
September 16, 2011
Berkadia Commercial Mortgage L.L.C., a Horsham lender and servicer, said Friday it agreed to buy Tavernier Capital Partners L.L.C., a Florida commercial mortgage firm for an undisclosed amount. The deal, expected to close in 30 days, will add 20 employees and $2 billion in loan servicing business to Berkadia's operation, which was bought in 2009 by Berkshire Hathaway Inc. and Leucadia National Corp. from the bankrupt Capmark Financial Group Inc. for $468 million. Tavernier was formed in 2007 when its founders left Capmark.
NEWS
January 17, 2013
TODAY WE OFFER three more quotations from great investors to help you make great investments: * Peter Lynch, research consultant, Fidelity Investments: "Searching for companies is like looking for grubs under rocks: If you turn over 10 rocks, you'll likely find one grub; if you turn over 20 rocks, you'll find two. " Investing is hard work. Don't rush into every interesting company. Take the time to find the most promising ones. * Warren Buffett, chairman and CEO, Berkshire Hathaway: "The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage.
NEWS
March 13, 2013
John J. Byrne Jr., 80, the chairman and chief executive of Geico who was credited with leading the insurance giant from near-bankruptcy to profitability in the late 1970s - an achievement that remains one of the celebrated turnarounds in modern business history - died Thursday at his home in Etna, N.H. His death, from cancer, was confirmed by his colleague Bob Snyder. For years, Mr. Byrne was one of the most prominent businessmen in Washington, and for decades, he was one of the most noted executives in his industry.
NEWS
August 14, 2003 | Daily News Wire Services
Arnold Schwarzenegger has hired Warren Buffett as his senior financial and economic adviser in his bid to replace Gray Davis if the governor loses the recall vote, the Republican actor's campaign announced yesterday. Buffett, chairman of Berkshire Hathaway, is a billionaire investor legendary for his financial prowess. He is also a Democrat. "What he will be doing is assembling other prominent business leaders and economists and setting up a team to address the issues facing California," Schwarzenegger spokesman Sean Walsh said.
BUSINESS
August 2, 1991 | From Inquirer Wire Services
American Express Co., battered by problems at its brokerage unit and by the downturn in travel, said yesterday that billionaire Warren Buffett plans to invest $300 million in the financial-services company. Under an agreement, American Express will sell preferred shares to Berkshire Hathaway Inc., Buffett's Omaha, Neb., investment conglomerate, or its subsidiaries. Buffett, 60, is one of the nation's richest individuals and among its savviest investors. The agreement marks Buffett's return to a company he first dabbled in three decades ago, an investment on which he made his first big profit.
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BUSINESS
May 24, 2016 | By Erin E. Arvedlund, Staff Writer
Robert Johnson attended Warren Buffett's most recent Berkshire Hathaway shareholders meeting, and on the flight out to Nebraska he was pleasantly surprised to learn that the book he had authored, Strategic Value Investing , had landed on the Oracle of Omaha's recommended-reading list. Credentials established, Johnson, who is also the president of the American College of Financial Services in Bryn Mawr, gave us his outlook on which sectors of the economy might come out ahead under a President Trump, and which under a President Clinton.
BUSINESS
January 7, 2014 | By Erin E. Arvedlund, Inquirer Columnist
Want to "green" your portfolio? You can invest in mutual funds that keep an eye on the environment by owning shares in companies that, say, treat wastewater used in the "fracking" of natural gas, one of Pennsylvania's booming industries. Pax World is just one of several mutual fund outfits that offers what's known as a "fossil fuel-free" mutual fund, one that includes investments in energy efficiency, alternative energies like solar and so-called low-carbon technologies. Joe Keefe, president and CEO of Pax World Management, based in Portsmouth, N.H., recommends "a multipronged approach.
BUSINESS
August 16, 2013 | By Alan J. Heavens, Inquirer Real Estate Writer
Prudential Fox & Roach Realtors, one of the nation's largest independent real estate brokerage companies, said Wednesday that it had been acquired by HomeServices of America Inc., an affiliate of Warren Buffett's Berkshire Hathaway. Prudential Fox & Roach, with corporate headquarters in Devon, declined to disclose terms of the acquisition. The company has 62 offices and 4,000 sales associates in Pennsylvania, New Jersey, and Delaware. Its Trident Group subsidiary originates mortgages, sells property and casualty insurance, and offers title and escrow services.
BUSINESS
May 1, 2013
In the Region   Citizens Bank fined $5M   Citizens Bank of Pennsylvania will pay a $5 million fine for alleged deceptive practices in the marketing and implementation of overdraft payment and other programs, the Federal Deposit Insurance Corp. said. Citizens Bank did not admit or deny liability. As part of the agreement, the bank also agreed to pay a total of $1.4 million to 75,000 affected customers for the alleged violations of Federal Trade Commission regulations on unfair or deceptive acts between January 2008 and November 2011, the FDIC said.
BUSINESS
April 22, 2013 | By Reid Kanaley, Inquirer Columnist
Planning for tomorrow is hard enough. No wonder retirement planning seems nearly impossible for some people. So get all the help you can, starting with these resources on the Web. In the Just Explain It video blog on Yahoo, Jeff Macke talks about the biggest threats to your retirement income. Topping the list are medical expenses. In spite of the evidence all around us, we're prone to not anticipate the inevitable decline of our own health. Remember that Medicare, the government health program for older people, doesn't include vision, dental, or long-term care, Macke notes.
BUSINESS
April 13, 2013 | By Teresa F. Lindeman, Pittsburgh Post-Gazette
The partners buying Pittsburgh's H.J. Heinz Co. have chosen one of their own to take over as chief executive officer after the $28 billion sale goes through. Bernardo Hees, who has been CEO of Burger King Worldwide Inc. and who previously ran a railroad and logistics company, will succeed Bill Johnson, according to an announcement Thursday. Johnson's role after the sale of the company to Warren Buffett's Berkshire Hathaway and 3G Capital isn't clear. He has led Heinz for 15 years and will continue as chairman, president, and CEO through the transaction.
NEWS
March 13, 2013
John J. Byrne Jr., 80, the chairman and chief executive of Geico who was credited with leading the insurance giant from near-bankruptcy to profitability in the late 1970s - an achievement that remains one of the celebrated turnarounds in modern business history - died Thursday at his home in Etna, N.H. His death, from cancer, was confirmed by his colleague Bob Snyder. For years, Mr. Byrne was one of the most prominent businessmen in Washington, and for decades, he was one of the most noted executives in his industry.
BUSINESS
March 6, 2013 | By David Sell, Inquirer Staff Writer
Warren Buffett's annual shareholder letter is much followed by investors, and the latest version does not include Johnson & Johnson for the first time since 2005. The letter, released over the weekend, lists the companies in which the billionaire or Berkshire Hathaway, of which he is chairman, hold at least $1 billion in stock. With product recalls, patient lawsuits, and a federal investigation pending, Buffett was critical of J&J in February 2012 when he discussed his annual letter, telling CNBC that the health-care giant "obviously messed up in a lot of ways in the last few years.
BUSINESS
March 1, 2013 | By Josh Funk, Associated Press
OMAHA, Neb. - What will life be like without Warren Buffett? Berkshire Hathaway shareholders may have gotten a glimpse into that future. Most of Berkshire's deals last year didn't directly involve the 82-year-old investor. They originated with a subsidiary of the conglomerate, or with one of the two investment managers Buffett has hired. Either way, Berkshire did well in 2012. Buffett's annual letter to shareholders will be released Friday afternoon. Jeff Matthews, who wrote Warren Buffett's Successor: Who It Is and Why It Matters , said last year's deals are comforting because they show how the company might work after Buffett is gone.
NEWS
February 7, 2013
D EAR HARRY: My father always thought of you as the greatest invention since aspirin. He bought some Berkshire Hathaway stock all through the '80s at your suggestion. You must know how well it performed. He recently died and left me his 10 Class A shares. I am married and doing quite well financially for a guy who's 58. I'm a senior engineer for a company that treats its people well. I have a solid salary, great pension, and every kind of insurance imaginable. My children are all out of the home (except for a 6-year-old Lab retriever)
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