Berkshire Hathaway’s Profit Fell in the Third Quarter

The conglomerate’s results reflected the turmoil in financial markets and the broader slowdown in U.S. economic growth.

#berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #coronavirus-2019-ncov, #geico-government-employees-insurance-co, #munger-charles-t, #stock-buybacks, #stocks-and-bonds, #united-states-economy

After a Billionaire Designed a Dorm, an Architect Resigned in Protest

Charles Munger, Warren Buffett’s business partner, said the windowless rooms of an 11-story tower he conceived for the University of California, Santa Barbara, were “cheerful.”

#architecture, #berkshire-hathaway-inc, #colleges-and-universities, #dormitories, #mcfadden-dennis-j, #munger-charles-t, #santa-barbara-calif, #university-of-california-santa-barbara

Warren Buffett Resigns from the Gates Foundation.

Mr. Buffett, a longtime friend of Mr. Gates, did not give a reason for his action, which comes weeks after the couple announced their divorce.

#berkshire-hathaway-inc, #buffett-warren-e, #gates-bill-and-melinda-foundation, #philanthropy

Mobile Home Owners Fear Evictions as Pandemic Protections End

Many who have struggled to keep up with mortgage payments are at the whims of a few financing firms that dominate lending in this market.

#berkshire-hathaway-inc, #coronavirus-2019-ncov, #evictions, #foreclosures, #legal-aid-for-the-poor-civil, #mobile-homes-and-trailers, #mortgages, #real-estate-and-housing-residential

The Lithium Gold Rush: Inside the Race to Power Electric Vehicles

A race is on to produce lithium in the United States, but competing projects are taking very different approaches to extracting the vital raw material. Some might not be very green.

#alternative-and-renewable-energy, #arkansas, #automobiles, #batteries, #berkshire-hathaway-inc, #california, #controlled-thermal-resources, #electric-and-hybrid-vehicles, #federal-lands, #ford-motor-co, #geothermal-power, #greenhouse-gas-emissions, #imperial-calif, #lakes, #lithium-metal, #lithium-americas, #mines-and-mining, #nevada, #standard-lithium, #tesla-motors-inc, #united-states, #united-states-economy, #united-states-politics-and-government, #water-pollution, #wells

Bill and Melinda Gates’ Divorce Has a Lot at Stake

The split of Bill and Melinda Gates raises questions about the fate of their vast fortune.

#apollo-global-management, #berkshire-hathaway-inc, #divorce-separations-and-annulments, #gates-bill, #gates-bill-and-melinda-foundation, #gates-melinda, #mergers-acquisitions-and-divestitures, #philanthropy, #private-equity

Berkshire Hathaway Shows a Rebound From the Pandemic

The company reported a nearly 19 percent year-on-year gain in the first quarter, as its subsidiaries — from railroads to energy companies to consumer brands — improved their performances.

#berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #los-angeles-calif, #munger-charles-t, #omaha-neb

Warren Buffett Fights Proposals on Climate and Diversity

The Berkshire chief opposes shareholder proposals on climate and diversity.

#berkshire-hathaway-inc, #buffett-warren-e, #emanuel-ariel-z, #freelancing-self-employment-and-independent-contracting, #morris-william-endeavor-entertainment, #uber-technologies-inc, #united-states-economy, #walsh-martin-j

Warren Buffett Opposes Climate and Diversity Proposals for Berkshire

Berkshire Hathaway’s shareholders are expected to follow the chairman’s lead and reject demands for more disclosures.

#berkshire-hathaway-inc, #buffett-warren-e, #corporate-social-responsibility, #shareholder-rights-and-activism

Jamie Dimon, LeBron James and the Super League Debate

Jamie Dimon of JPMorgan Chase and LeBron James are the latest to get entangled in the debate.

#berkshire-hathaway-inc, #corporate-social-responsibility, #dimon-james, #european-super-league-soccer, #james-lebron, #jpmorgan-chasecompany, #neuberger-berman-llc, #perez-florentino, #soccer

Berkshire Hathaway’s Earnings Slowed Last Year

But its results were bolstered by a soaring stock market in the fourth quarter, Warren Buffett said in his annual letter to investors.

#berkshire-hathaway-inc, #buffett-warren-e

Amazon, Berkshire and JPMorgan Will End Joint Health Care Venture

The company, Haven, had promised to disrupt the way large corporations deliver benefits to their employees.

#amazon-com-inc, #berkshire-hathaway-inc, #haven-health-care, #health-insurance-and-managed-care, #jpmorgan-chasecompany

Has Business Left Milton Friedman Behind?

The economist taught a generation of corporate leaders that profit should be their main motive. A new group of C.E.O.s begs to differ.

#benioff-marc, #berkshire-hathaway-inc, #buffett-warren-e, #business-roundtable, #corporate-social-responsibility, #friedman-milton, #salesforce-com-inc

Profits Rebound at Warren Buffett’s Berkshire Hathaway

Berkshire reported earnings of $26.4 billion in the second quarter, a turnaround from its $49.7 billion loss in the first quarter, when the pandemic caused a plunge in the stock market.

#apple-inc, #automobile-insurance-and-liability, #bank-of-america-corporation, #berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #coronavirus-2019-ncov, #geico-government-employees-insurance-co, #stocks-and-bonds, #united-states-economy

Doris Buffett, the Family’s ‘Retail Philanthropist,’ Dies at 92

Her younger brother, Warren, entrusted her with vetting requests after he announced his intention to donate nearly his entire fortune. “Warren loves to make money and I love to give it away,” she said.

#berkshire-hathaway-inc, #buffett-doris, #buffett-warren-e, #deaths-obituaries, #omaha-neb, #philanthropy

Warren Buffett Buys Pipeline in Biggest Deal for Years

The acquisition of a gas pipeline is Berkshire Hathaway’s largest in years, quelling investor anxiety about its recent drought of deal-making.

#berkshire-hathaway-inc, #buffett-warren-e, #coronavirus-2019-ncov, #dominion-energy, #mergers-acquisitions-and-divestitures, #natural-gas, #pipelines

Atlantic Coast Pipeline Canceled as Delays and Costs Mount

The natural gas project would have crossed the Appalachian Trail. Dominion Energy, one of the pipeline’s two partners, also announced the sale of its gas transmission and storage assets.

#berkshire-hathaway-inc, #dominion-energy, #duke-energy-corporation, #natural-gas, #pipelines, #solar-energy, #wind-power

How Berkshire Hathaway May Have Been Snookered in Germany

A unit of Warren Buffett’s empire paid an inflated price for a pipe maker that used fake sales to look profitable, an arbitration panel concluded. The firm was close to bankruptcy.

#arbitration-conciliation-and-mediation, #berkshire-hathaway-inc, #buffett-warren-e, #frauds-and-swindling, #germany, #mergers-acquisitions-and-divestitures, #precision-castparts-corporation, #schulz-wolfgang, #wilhelm-schulz-gmbh

Warren Buffett Isn’t Buying Anything

Unlike his spending spree during the 2008 financial crisis, the Berkshire Hathaway chief is keeping his wallet closed.

#berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #coronavirus-2019-ncov, #coronavirus-aid-relief-and-economic-security-act-2020, #j-crew-group, #shopping-and-retail

Warren Buffett’s Optimistic? Pessimistic? No, Realistic

Between the lines of “You can bet on America” were warnings not to be overconfident in predicting what the future might hold.

#banking-and-financial-institutions, #berkshire-hathaway-inc, #buffett-warren-e, #coronavirus-2019-ncov, #economic-conditions-and-trends, #united-states-economy

Berkshire Hathaway Lost $49.7 Billion in First Quarter Stung by Coronavirus

The huge loss reflects the hit that the crisis has inflicted on Warren E. Buffett’s vast conglomerate.

#berkshire-hathaway-inc, #buffett-warren-e, #company-reports, #coronavirus-2019-ncov