The quarterly filings don’t make clear who made all the investments. Buffett handles the biggest investments in Berkshire’s portfolio, such as Coca-Cola, Apple and Wells Fargo. He has said that investments of less than $1 billion are likely to be the work of Berkshire’s two other investment managers.
Berkshire picked up 1.2 million shares of specialty home furnishings retailer RH during the third quarter and acquired nearly 7.5 million shares of Occidental Petroleum as part of helping finance Occidental’s acquisition of Anadarko. Berkshire invested $10 billion in the Occidental deal during the quarter.
Edward Jones analyst Jim Shanahan said the results look good overall despite the ongoing challenges of the U.S. trade war with China and weakness in manufacturing, but it’s disappointing that Berkshire didn’t find a way to use more of its cash.
Berkshire Hathaway is providing about $576 million in long-term, 9% financing to Lee, which it will use to pay for the Berkshire properties and refinance Lee’s approximately $400 million in existing debt. Berkshire will be Lee’s sole lender after the deal closes.
Others are doing their best to catch up. Instagram’s new format Reels is an obvious copy of TikTok, which the company has made no bones about. “We’ve been very clear in products in the past that were inspired by other companies,” said Instagram Head of Product Vishal Shah. “At the same time, these things are […]
Clinton is consulting the ghostwriter of Trump’s autobiography, a team of psychologists, and “forensic” analyses of Trump’s GOP primary debates to identify “trigger points” that could cause the Republican nominee to “lash out in less-than-presidential ways.” So far, they have deduced that Donald Trump is “most insecure about his intelligence, his net worth and his […]
“It was match after match after match and in a two-year period I’ve never seen anything like it on a pitch at Old Trafford.”
In a communiqué issued after the NFF Executive Committee meeting via a video conference on Monday, the total sum to be disbursed is made up of $1,000,000 (being FIFA’s support for restarting the football season); $500,0000 (being FIFA’s dedicated support for women’s football); $300,000 (CAF’s support to its Member Associations); $200,000 (NFF’s support from Sponsors’ […]