Berkshire Hathaway News
Berkshire Rejects Shareholder Call to Replace Buffett as Chairman
Berkshire Hathaway Inc. on Friday urged the rejection of four shareholder proposals recommending that it replace Warren Buffett as chairman, report on its plans to handle climate risk and reduce ...
Berkshire’s GEICO Posts 2021 Profit But Much Lower Than 2020
Although Berkshire Hathaway's biggest insurance operation GEICO reported a 63 percent drop in pretax underwriting income in 2021, overall the conglomerate's insurance and reinsurance operations saw ...
Berkshire Plans First In-Person Annual Meeting Since COVID Began
Warren Buffett's Berkshire Hathaway Inc. plans this year to let shareholders attend the company's annual meeting for the first time in three years, amid signs the Omicron wave may have peaked in the ...
Buffett’s Berkshire Hathaway Pulls Back from U.S. Drugmaker Investments
Warren Buffett's Berkshire Hathaway Inc said on Monday it eliminated its investment in Merck & Co and reduced its stakes in AbbVie Inc and Bristol-Myers Squibb Co, as it pared its overall stock ...
Berkshire Hathaway’s Gen Re Sets Up Shop in Dubai
The General Reinsurance unit of Warren Buffett's Berkshire Hathaway Inc has set up a Middle East office in Dubai, Dubai International Financial Centre (DIFC) said on Monday. Gen Re will provide life ...
Berkshire Hathaway’s Insurance Division Generated a $784 Million Q3 Net Underwriting Loss
Berkshire Hathaway's insurance division booked a combined $784 million net underwriting loss during the 2020 third quarter as it faced, in part, fallout from Hurricane Ida and more vehicle crashes. ...
Generali Closer to Controlling Cattolica, After Berkshire Hathaway Tenders Stake in Company
Warren Buffett's Berkshire Hathaway has tendered its stake in Cattolica under a takeover offer by Assicurazioni Generali, a source close to the situation said on Friday. The move brings Italy's top ...
Buffett’s Berkshire Hathaway Eliminates Stakes in Axalta, Biogen, Pares Other Drug Holdings
Warren Buffett's Berkshire Hathaway Inc said on Monday it trimmed or eliminated its stakes in several pharmaceutical companies, and reported a small new stake in a Merck & Co spinoff, Organon ...