David Sokol of Berkshire Hathaway Resigns
Submitted by Rajendra Malik on Fri, 04/01/2011 - 14:19David Sokol, who has spent most of his career with Berkshire Hathaway, has resigned from the company. He said that he has taken the decision so that he can spend more time with his family and make some philanthropic efforts.
Berkshire Hathaway Agrees to Buy Lubrizol for $9 Billion Cash
Submitted by Harkamal Singh on Mon, 03/14/2011 - 21:53In a major buyout, Berkshire Hathaway Inc agreed to buy chemical and lubricant maker Lubrizol Corp for $9 billion in cash.
Buffett names Matt Rose as the potential successor
Submitted by Emma Ward on Tue, 03/01/2011 - 17:18In the last letter to the company, before he actually take a final call on the terms of service with the company, Berkshire Hathaway Inc, has actually mentioned that there are lots features to be addressed in order to make sure that people have to be aware of all the necessary advantages of the company and there are also many features which have to be understood in the process.
Todd Combs to be the New CEO of Berkshire Hathaway
Submitted by Nalin Sahdev on Sun, 10/31/2010 - 12:55Berkshire Hathaway this week announced its new CEO Todd Combs, who will take over Warren Buffett.
Warren Buffett has an excellent investment record that he did for the Company while working as the CEO of Berkshire Hathaway for nearly 40 years, but he's not perfect.
Buffet hired Fund Manger to oversee its portfolios of abroad
Submitted by Harkamal Singh on Wed, 10/27/2010 - 05:21A new hedge fund manger has been appointed by Berkshire Hathaway for managing a considerable portion of the firm’s investment selection which was built by the founder of the firm, the renowned investor Warren E Buffett.
Berkshire suffers losses
Submitted by Dominic Haber on Sun, 08/08/2010 - 04:45Warren Buffett’s Berkshire Hathaway is faring the bad weather where the company’s second-quarter profit has declined 40 percent. This has largely been because of the derivative bets on equity indexes. The net income of the company fell down to $1.97 billion; or $1,195 a share, from $3.3 billion, or $2,123, in the same period as compared to last year.
Biggest Job Cuts Reported by Berkshire Hathaway Inc.’s Fruit of the Loom and Carpet Manufacturing Unit
Submitted by Dominic Haber on Tue, 03/02/2010 - 12:16As the global financial meltdown weighed heavily on sales and profits all throughout 2009, Berkshire Hathaway Inc.’s Fruit of the Loom and carpet manufacturer Shaw Industries posted the biggest job cuts among the parent company's divisions.
70% Burlington Investors Vote in Favour of Buffett Deal, CEO Says
Submitted by Sarabjit Heera on Fri, 02/12/2010 - 00:31Burlington Northern Santa Fe Corp. investors owning about 70 percent of the company's shares voted to approve $26 billion acquisition by Warren Buffett's Berkshire Hathaway Inc., the railroad's chief executive officer revealed today.
Swiss Reinsurance Sells Part of US Business to Berkshire
Submitted by Dominic Haber on Mon, 01/18/2010 - 21:03As was confirmed by the company on Monday, Swiss Reinsurance Co. proceeded to sell a part of its American life reinsurance business to a division of Berkshire Hathaway, which fetched the firm a total of 1.3 Billion Francs ($1.27 Billion). With the move, Swiss is looking to free up capital and distribute it across in a way which would help the company bag more profitability.
Berkshire against Kraft’s New Proposal for Cadbury
Submitted by Sarabjit Heera on Tue, 01/05/2010 - 20:23In a major move, Buffett, CEO of Berkshire Hathaway, has opposed Kraft's proposal of issuing shares of $16 billion to Cadbury.
Berkshire Hathaway owns 138 million shares of Kraft, which gives it 9.4 percent stake in the Northfield, Ill..












