Berkshire Hathaway

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

Investor Warren Buffett renewed his Thanksgiving tradition of giving by announcing plans Monday to hand more than USD 1.1 billion of Berkshire Hathaway stock to four of his family's foundations, and he offered new details about who will be handing out the rest of his fortune after his death. Buffett has said previously that his three kids will distribute his remaining USD 147.4 billion fortune in the 10 years after his death, but now he has also designated successors for them because it's possible that Buffett's children could die before giving it all away. He didn't identify the successors, but said his kids all know them and agree they would be good choices. Father time always wins. But he can be fickle indeed unfair and even cruel sometimes ending life at birth or soon thereafter while, at other times, waiting a century or so before paying a visit, the 94-year-old Buffett said in a letter to his fellow shareholders. To date, I've been very lucky, but, before long, he will get ..

The investments were disclosed in a US Securities and Exchange Commission filing detailing Berkshire's US-listed investments as of Sept 30

Jain, one of Buffett's top lieutenants, disposed of 200 of the Class A shares for about $695,418 each, according to a regulatory filing Wednesday

The conglomerate's strength comes as optimism for the economy builds, with the Federal Reserve expected to cut interest rates at its September meeting

Buffett has held silent about his reasoning while whittling the highly profitable bet - an investment that began when the stock was trading near $5 in 2011

As Berkshire global shareholders made their pilgrimage to Omaha for the conglomerate's annual meeting, they were delighted by the public displays of the pair's friendship

Q2 operating profit rose 15 per cent to $11.6 bn, about $8,073 per Class A share, from $10.04 bn year earlier, with nearly half coming from underwriting, investments in Berkshire's insurance business

The sales began after Bank of America's stock price had risen by about two-thirds since late October, and traded at more than 1.2 times book value

Still, Berkshire holds almost 962 million shares, the filing shows - worth $39.5 billion at Monday's closing price