Warren Buffett News
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 ...
GEICO Drags Down Berkshire Hathaway’s Q2 Insurance Earnings
Berkshire Hathaway's insurance division produced a mixed performance during the 2021 second quarter. Rate increases generally carried the day, though the conglomerate's GEICO unit dragged down ...
Buffett’s Berkshire Hathaway Appears to Extend Stock Repurchase Effort
Warren Buffett's Berkshire Hathaway Inc appears to have extended its drive to repurchase its own stock, even with its share price near a record high, according to regulatory filings and an analyst. ...
Buffett Steps Down as Gates Foundation Trustee; Discloses He’s Donated Half His Wealth
Warren Buffett said he is stepping down as a trustee from the Bill and Melinda Gates Foundation, and that he has donated half his wealth since pledging 15 years ago to give away the fortune he built ...
Buffett’s Berkshire Hathaway Buys Big Aon Stake
Berkshire Hathaway Inc said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold large portions of its investments in Chevron Corp and Wells Fargo & Co. The changes ...
Progressive ‘Crushing It’ on Profit: Berkshire’s Jain and Buffett
Berkshire Hathaway Chair Warren Buffett and Vice Chair Ajit Jain admit that GEICO ranks behind Progressive in its ability "match rate to risk," but both competitors will soon surpass State Farm and ...
Buffett Points to Greg Abel as His Likely Successor at Berkshire Hathaway
Warren Buffett ended long-running speculation about his successor at Berkshire Hathaway Inc by saying Greg Abel, who oversees the conglomerate's non-insurance businesses, would be named chief ...