May 24, 2016 |
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.
January 7, 2014 |
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.
August 16, 2013 |
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.
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.
April 22, 2013 |
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.
April 13, 2013 |
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.
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.
March 6, 2013 |
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.
March 1, 2013 |
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.
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)