The Business Times

berkshire hathaway

Companies & Markets

Berkshire Hathaway raises new CEO Abel’s salary to US$25 million

Abel also owns about US$171 million of Berkshire stock

On Dec 31 Warren Buffett, who is 95, will step down as chief executive of America’s ninth-most-valuable company, and its most unique.
Opinion & Features

As Warren Buffett retires, uncertainty looms for Berkshire Hathaway

Sprawling, analogue and fraternal, it is a singular company that long revolved around its singular boss

Buffett, 95, who plans to step down as chief executive officer at year-end, has been finding ways to deploy some of Berkshire’s cash pile.
Global Enterprise

Buffett acquires US$4.9 billion stake in Google parent Alphabet

WARREN Buffett’s Berkshire Hathaway acquired 17.9 million shares of Google parent Alphabet during the third quarter, while further trimming its holdings in Bank of America and Apple.

Warren Buffett has led Berkshire since 1965, transforming it from a failing textile company to a US$1.07 trillion conglomerate with nearly 200 businesses.
Global Enterprise

Buffett ‘going quiet’ but backs CEO-designate Abel, plans to keep Berkshire shares

WARREN Buffett on Monday assured Berkshire Hathaway shareholders they should stick around as he prepares to depart as chief executive, giving a full-throated endorsement to his successor Greg Abel and...

Berkshire’s earnings are closely watched because the conglomerate’s stable of businesses – ranging from insurance to rail, energy and manufacturing – provides a snapshot of the health of the US economy.
Companies & Markets

Buffett’s Berkshire cash hits US$381.7 billion, earnings soar

Despite its growing cash hoard, the firm’s net investment income declined 13% to US$3.2 billion amid lower short-term interest rates

Occidental Petroleum said it expects to use US$6.5 billion of the proceeds from the OxyChem sale to reduce its principal debt to less than US$15 billion.
Global Enterprise

Warren Buffett’s Berkshire Hathaway to buy Occidental’s chemical unit for US$9.7 billion

OxyChem is set to be Berkshire’s largest acquisition since it took over the insurer Alleghany in 2022

BYD’s domestic sales, which make up nearly 80 per cent of its global shipments, fell for a fourth straight month in August.
Banking & Finance

Warren Buffett’s Berkshire Hathaway exits China’s BYD, filing shows

[BEIJING] Warren Buffett’s Berkshire Hathaway has fully exited Chinese automaker BYD, a filing showed, ending a 17-year investment that grew over 20-fold in value in that period.

Kraft Heinz is now contemplating a spinoff of part of its business as it grapples with headwinds including inflation weighing on consumers' spending and people seeking healthier alternatives to its products.
Companies & Markets

Buffett’s Berkshire hit with US$3.8 billion Kraft Heinz charge

WARREN Buffett’s Berkshire Hathaway took a US$3.8 billion impairment on its Kraft Heinz stake, the latest hit to a bet that’s weighed on the billionaire investor’s company in recent years.

The sale of 4.3 million VeriSign shares at $285 each generated gross proceeds of about US$1.23 billion, reducing Berkshire’s ownership stake to 9.6 per cent from 14.2 per cent.
Banking & Finance

Buffett’s Berkshire sells one-third of VeriSign stake for US$1.23 billion

BERKSHIRE Hathaway sold about one-third of its stake in VeriSign, an internet infrastructure and domain name registry company that Warren Buffett’s conglomerate has invested in since 2012, VeriSign sa...

A cardboard cutout depicting Warren Buffet during Berkshire Hathaway's shareholders shopping day on May 2. Buffet managed to compound the Berkshire share price at 20% a year from June 1965, a rate twice that of the S&P 500, a fantastic record.
Opinion & Features

There won’t be another Warren Buffett because no one will have his advantages

The world is moving in the opposite direction to Berkshire Hathaway

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