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Berkshire Hathaway Inc (BRKa.N)

BRKa.N on New York Stock Exchange

9 Dec 2016
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$1,070.00 (+0.43%)
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Latest Key Developments (Source: Significant Developments)

Warren Buffett expresses optimism for America, praises Jeff Bezos
Tuesday, 7 Jun 2016 04:00pm EDT 

: Warren buffett expresses optimism for America, says the luckiest person in the world is a baby being born in United States today . Buffett speaking at small business event at laguardia community college in New York . Buffett praises Amazon.com Inc CEO Jeff Bezos, cites bezos' ability to delight his customers . Buffett says small business owners, as bezos once was, should make it a point to delight customers, not simply satisfy them.  Full Article

Berkshire Hathaway buys about 824,000 shares of Phillips 66
Monday, 23 May 2016 08:03pm EDT 

Phillips 66 :Berkshire Hathaway bought about 824,000 shares of Phillips 66 from 19 May to 23 May raises stake to 76.37 million shares - SEC filing.  Full Article

Berkshire Hathaway offered to be potential finance partner for Dan Gilbert's bid to buy Yahoo - Warren Buffett to CNBC
Monday, 16 May 2016 06:16am EDT 

:Berkshire Hathaway offered to be potential finance partner for Dan Gilbert's bid to buy Yahoo - Warren Buffett to CNBC.  Full Article

Berkshire's NetJets settles U.S. claims it discriminated against immigrant workers
Friday, 13 May 2016 10:23am EDT 

Berkshire Hathaway Inc : U.S. Department of Justice settles immigration-related discrimination claim against Berkshire Hathaway inc's netjets . Netjets agrees to pay $41,480 civil penalty, and be subject to two years of Justice Department monitoring . U.S. accused netjets of requiring newly-hired immigrants to provide more documents than U.S. citizens to prove work eligibility . U.S. accused netjets of subjecting legal permanent residents, naturalized U.S. citizens to extra post-employment scrutiny.  Full Article

Berkshire Hathaway became aware one of its units made sales through third-party distributor to customers in Iran
Friday, 6 May 2016 05:09pm EDT 

Berkshire Hathaway : Management recently became aware that one of co's foreign subsidiaries made sales through a third-party distributor to customers in iran . Total net income attributable to sales to iran parties was approximately $2,500 . Will submit further information to ofac and bis after completing internal investigation that co is conducting with assistance of outside counsel . Total revenues to unit from sales to iran parties, which took place from june 2013 through november 2015, were about $45,000 .Co's unit has stopped all shipments to iran parties, and unit does not intend to engage in other dealings with the iran parties - sec filing.  Full Article

Berkshire Hathaway qtrly oper earnings per class A equivalent share $2,274
Friday, 6 May 2016 04:15pm EDT 

Berkshire Hathaway Inc : Berkshire Hathaway Inc News release . At march 31, 2016, our book value had increased by 1.2% since yearend 2015 to $157,369 per class a equivalent share . Qtrly operating earnings per class a equivalent share $2,274 .Berkshire hathaway inc says qtrly net earnings per class a equivalent share $3,401.  Full Article

Berkshire Hathaway Inc - Lawsuit over Duracell batteries guarantee is thrown out - Reuters News
Wednesday, 16 Mar 2016 11:00am EDT 

Berkshire Hathaway Inc:A federal judge threw out a lawsuit accusing Procter & Gamble Co of misleading consumers by guaranteeing that Duracell batteries would not fail for 10 years, when in fact the batteries might leak when used or stored normally - RTRS.In a decision late Tuesday night, U.S. District Judge Lucy Koh in San Jose, California, rejected claims in the proposed class-action lawsuit that P&G and its Gillette unit defrauded consumers in ads and packaging for Coppertop batteries containing "Duralock Power Preserve" technology.Koh said reasonable consumers would understand that P&G's representation that the batteries were "guaranteed for 10 years in storage" was a warranty to repair, replace or refund batteries that failed within that timeframe, and not a promise that the batteries "have no potential to leak.".She also said in her 33-page decision that the complaint did not identify any cause, including any design or manufacturing defect, as to why the batteries might leak.Warren Buffett's Berkshire Hathaway Inc BRKa.N bought the Duracell business from Cincinnati-based P&G on Feb. 29.Six law firms filed the lawsuit on behalf of the plaintiff Renee Punian of San Jose, who said she would not have paid a "premium price" for the batteries had she known they might leak.Lawyers for Punian could not immediately be reached for comment on Wednesday. P&G had no immediate comment.  Full Article

Berkshire Hathaway Inc completes acquisition of Precision Castparts
Friday, 29 Jan 2016 04:01pm EST 

Berkshire Hathaway Inc:Completes acquisition of Precision Castparts.  Full Article

Wisesoft to buy flight simulator for $11.8 mln from unit of Berkshire Hathaway
Wednesday, 16 Dec 2015 10:38pm EST 

Wisesoft Co Ltd:Says to buy A320 D flight simulator for $11.8 million from FlightSafety International, an unit of Berkshire Hathaway.Says this is the 4th flight simulator purchase contract.  Full Article

Berkshire Hathaway Inc's Geico to pay $6 mln to settle insurance bias charges - Reuters
Sunday, 23 Aug 2015 08:00pm EDT 

Berkshire Hathaway Inc:Geico, the auto insurance unit of Berkshire Hathaway, agreed to pay $6 mln to settle charges it discriminated based on gender, education level and occupation when quoting rates online, the California Department of Insurance said on Aug.24 - Reuters.The settlement lasts three years and resolves claims first raised by the Consumer Federation of California against Geico, which insures more than 22 million vehicles.Geico was accused of targeting women, people with low incomes and people not working in professional or executive jobs with deceptive and inflated rate quotations, while offering better terms to drivers it considered more desirable.Under the settlement, Geico agreed not to consider education and occupation when determining coverage limits for people who qualify as "good" drivers under California law.It also agreed to offer coverage of $15,000 per person and $30,000 per accident to certain drivers, and submit to twice-yearly audits of its website.The payout will double to $12 million if Geico fails to substantially comply with the settlement.  Full Article


Buffett's Berkshire is urged to sell fossil fuel stocks

A Nebraska nonprofit on Friday said it will propose that Warren Buffett's Berkshire Hathaway Inc sell its investments in oil refiner Phillips 66 and other companies involved in fossil fuels over 12 years.