Berkshire Hathaway

The transaction is Berkshire's first multi-billion-dollar acquisition since Greg Abel became chief executive at the start of 2026, replacing Warren Buffett, who remains chairman

The Omaha, Nebraska-based company said it had purchased 39.8 million shares in the airline as of the end of March, according to a regulatory filing

Hamburg will be granted as many as 30 hours of flights a year on mid-sized jets operated by Berkshire-owned NetJets Inc. through May 2037, the company said

Berkshire owns Gen Re, where Shamieh has served as chairman since 2018

At his first Berkshire annual meeting as CEO, Greg Abel said the conglomerate would avoid bureaucracy, keep its structure intact and deploy capital only with discipline

Prior to the meeting, thousands of people lined up outside a downtown arena before doors opened at 7 a.m., though the lines were considerably shorter than in recent years

Warren Buffett's successor released his first letter to Berkshire Hathaway shareholders on Saturday as the company took a USD 4.5 billion write-down on the value of its Kraft Heinz and Occidental Petroleum stakes. Greg Abel took over as CEO in January, so this is his chance to set the tone for his leadership. Investors are watching closely for any changes he might make, but Abel and Buffett have said there won't be significant changes in the way Berkshire operates. The letter opens with a tribute to Buffett and a promise to maintain Berkshire culture and continue operating the same way that has worked so well for six decades. And Buffett remains chairman and the largest shareholder, so he's still helping guide the Omaha, Nebraska-based conglomerate he built. But Abel is now writing the annual letters that were always known as one of the most-read business reports out there because so many investors admired and followed Buffett because of his remarkable track record, homespun wit and

Berkshire said it also sold 4% of its stake in iPhone maker Apple, still its largest equity holding at $62 billion, and 77% of its 10 million shares in online retailer Amazon.com

Abel's new salary would be a 19 per cent increase from his $21 million salary in 2024, according to a regulatory filing

Incoming Berkshire Hathaway CEO Greg Abel is assembling his team to help him lead the conglomerate Warren Buffett built starting in January after a couple of key departures. Berkshire said Monday that one of its two investment managers besides Buffett who has also served as CEO of Geico for several years, Todd Combs, and longtime Chief Financial Officer Mac Hamburg are both departing. Combs is taking a job helping JP Morgan decide how to invest USD 10 billion while serving as a special advisor to CEO Jamie Dimon while Hamburg is retiring after 40 years. Combs' departure is the most significant news in the announcement that also included creating the jobs of general counsel and a new manager of the many retail and consumer businesses Berkshire owns, But now the question is whether insurance Vice Chairman Ajit Jain, investment manager Ted Weschler and all the CEOs of Berkshire's myriad businesses will remain. There's still two elephants in the room: what's Ajit Jain going to do and wh

The 95-year-old Berkshire Hathaway CEO said he would continue sending his Thanksgiving note to his family and shareholders every year

The company sunk deeper into debt after it closed its $12 billion acquisition of privately held US shale oil producer CrownRock last year, which strengthened its position in the Permian Basin

About 9.43 million Class B shares will be given to the Bill & Melinda Gates Foundation Trust, according to a statement on Saturday

Warren Buffett and Donald Trump may thrive on cola and junk food, but doctors explain why most people can't follow their lead without risking serious long-term health consequences

As he steps down as Berkshire Hathaway CEO, here's a look at Warren Buffett's daily routine that includes junk food, and personal joy over perfection

Warren Buffett offered fresh insights into his investing philosophy, particularly his long-standing preference for studying balance sheets over income statements when evaluating a business

Greg Abel, a Canadian executive with deep roots in energy and a long tenure at Berkshire, is set to succeed Warren Buffett as CEO of the conglomerate in 2025

Indeed, the true successor to Buffett's legacy as market oracle may be operating outside of Berkshire

94-year-old Buffett, arguably the world's most famous investor, also acknowledged his advanced age in letter, telling shareholders he now uses a cane and will spend less time fielding their questions

Fourth-quarter operating profit also set a record, rising 71 per cent to $14.53 bn, or about $1,010 per Class A share, from $8.48 bn a year earlier, reflecting gains in its insurance operations