Warren Buffett’s Berkshire Hathaway is being sued by the billionaire Haslam family, which accused the conglomerate of using improper accounting to devalue its remaining 20% stake in Pilot Travel Centers, the largest U.S. truck stop operator.
Tag: Warren Buffet
Warren Buffett’s Berkshire Hathaway Reports Solid Rise in Earnings as Geico Swings into Profitability
Warren Buffett’s Berkshire Hathaway Inc. posted an increase in operating earnings after its auto-insurer Geico swung to profitability following some six quarters of losses
Berkshire’s COVID-19 Exposure Potentially Greater but Manageable: Analysts
Analysts at Morgan Stanley have said that although Berkshire Hathaway could be exposed to losses from the impacts of the global COVID-19 pandemic in a number of business lines, losses should be manageable for Warren Buffett’s property and casualty (P&C) reinsurance operation. As events around the world continue to be either postponed or cancelled, businesses… Continue reading Berkshire’s COVID-19 Exposure Potentially Greater but Manageable: Analysts
Berkshire Hathaway Swings to $21.66 Billion First-Quarter Profit
Warren Buffett’s Berkshire Hathaway Inc. swung to a first-quarter profit, thanks in part to higher insurance investment income. Still, Berkshire’s earnings excluded its share of earnings from its 27% stake in Kraft Heinz Inc., because Kraft Heinz hasn’t yet filed its earnings with the Securities and Exchange Commission, Berkshire said in a press release. Writedowns… Continue reading Berkshire Hathaway Swings to $21.66 Billion First-Quarter Profit
Buffett’s Berkshire Says Vice Chairmen Jain, Abel Each Made $18 Million in 2018
Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the leading candidates to succeed Warren Buffett as the conglomerate’s chief executive. Abel, 56, and Jain, 67, who became vice… Continue reading Buffett’s Berkshire Says Vice Chairmen Jain, Abel Each Made $18 Million in 2018