As Warren Buffett’s partner and vice chairman of Berkshire Hathaway (BRKB), Charlie Munger’s net worth is estimated at $1.23 billion. Tren Griffin, Microsoft's sr. director of strategy, explains how Munger beat the Dow Jones Industrial Average a phenomenal 13 years in a row by a whopping 15 percentage points on average. Show More Summary
Warren Buffett’s Berkshire Hathaway has revealed a $4.48 billion stake in oil refiner Phillips 66 The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S. Securities and Exchange Commission. Berkshire owned a much larger stake in the company but sold two-thirds of its investment in February 2014. Show More Summary
The company, led by Warren E. Buffett, on Friday disclosed a $4.48 billion stake, or roughly 10.8 percent of the stock, in the oil company Phillips 66.
This week’s insider purchases of Warren Buffett’s Berkshire Hathaway into the Houston-based refining company Phillips 66 are an indication of a solid rebound in US energy sector, as well as – possibly – the global crude price.
On Friday evening, billionaire investor Warren Buffett, the founder of Berkshire Hathaway, disclosed that he had purchased a massive stake in oil refinery Phillips 66 (PSX). Buffett now owns 57,975,456 shares, or a 10% stake in the Texas-based energy company, a ccording to a securities filing posted shortly after 8pm ET. Show More Summary
By Bryan Miller, co-chairman of The Alliance for Solar Choice The solar job losses have started in Nevada. Last Thursday, the solar market ground to a halt when NV Energy, a subsidiary of Warren Buffett’s Berkshire Hathaway Energy, claimed...Show More Summary
Warren Buffett's investment firm sells shares in Phillips 66 and National Oilwell Varco.
By Jonathan Stempel (Reuters) - Warren Buffett's Berkshire Hathaway Inc has eliminated its stakes in National Oilwell Varco Inc and Phillips 66, and on Friday signaled it may have another large investment in the works. The changes were disclosed in a filing with the U.S. Show More Summary
Getty Images "Widen the moat, build enduring competitive advantage, delight your customers, and relentlessly fight costs." -- Warren Buffett, CEO of Berkshire Hathaway "Satisfied employees mean satisfied customers, which leads to profitability." -- Anne M. Show More Summary
After going from zero to more than 34,000 agents in a blink of the eye, Berkshire Hathaway HomeServices is preparing to take its new brand overseas in 2016. The 2-year-old franchise network will focus its initial international growth on Hong Kong and China's big cities, followed by Mexico and Sao Paulo, Brazil. Then it will turn its head toward India...
Standard & Poor’s has given Warren Buffett’s Berkshire Hathaway a “CreditWatch Negative” rating following the company’s $37.2 billion acquisition of Precision Castparts. Along with the acquisition, Mr. Buffett’s company acquired $5 billion...Show More Summary
What are companies for?That might be the most interesting question raised by Google’s surprise reorganization, announced yesterday. The reshuffling turns the company into an old-fashioned, 1960s-style conglomerate called Alphabet, with the search-and-advertising behemoth Google as its biggest component. Show More Summary
GOOGLE rebrands as 'Alphabet', Warren Buffett's Berkshire Hathaway makes its biggest ever deal and two telecoms rivals merge in Italy
The restructuring could fund world-changing research, but only so long as the underlying business remains a cash cow.
(Reuters) - Standard & Poor's on Tuesday said it may downgrade Warren Buffett's Berkshire Hathaway Inc because the company is spending a large amount of cash to finance its roughly $32.3 billion purchase of aerospace parts maker Precision Castparts Corp. Show More Summary
Ratings agency Standard & Poor's is watching Warren Buffett's Berkshire Hathaway. In a statement on Tuesday, S&P said that it is placing Berkshire on CreditWatch Negative following its acquisition of Precision Castparts. In its release,...Show More Summary
Google is adopting the Berkshire Hathaway model. The core Internet services of the company will still be called Google. And Twitter still hasn't named a new chief executive, though the acting boss sure is acting like someone who plans to stick around.
Reports that the company formerly known as Google is now the next Berkshire Hathaway or General Electric make me cringe. After all, Larry Page has proven himself to be a brilliant technologist not a great picker of under-valued cash generating businesses like Warren Buffett. Moreover, the conglomerate structure that got its start in [...]