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...At the start of the year it also settled a dispute over its $11bn takeover of Pilot Flying J, a truck stop chain....
...Pilot, which also operates the Flying J brand, sells fuel, food and merchandise to truckers and provides showers among other services....
...Queen and utility behemoth Berkshire Hathaway Energy....
...On Wednesday, the first trading day after Munger died, Berkshire Hathaway’s shares fell just half a percentage point, only marginally lagging the broader US market....
...Warren Buffett’s Berkshire Hathaway surged to a record high this week, helping increase its valuation this year by more than $100bn — the equivalent of Ford and Halliburton combined....
...For the first time the figure includes the results of truck stop business Pilot Flying J, which Berkshire took majority control of in January....
...Warren Buffett offered a full-throated defence of share buybacks in his annual letter to Berkshire Hathaway shareholders on Saturday, saying stock purchases by Berkshire and the dozens of publicly traded...
...“There are tremendous opportunities for Berkshire’s businesses to work together,” said Chris Rossbach, chief investment officer at fund manager J Stern & Co....
...Retail investors rally behind Buffett Berkshire Hathaway is no meme stock, but it owes some of its recent rally to retail investors....
...Contracts and incentives “Show me the incentive and I will show you the outcome”, said Berkshire Hathaway vice-chair Charlie Munger....
...“The board changes are about both ensuring the continuity of the values and legacy,” said Christopher Rossbach, chief investment officer of J Stern & Co, a longtime Berkshire shareholder....
...Heinz ended up selling itself in 2013 to Warren Buffett’s Berkshire Hathaway and 3G Capital for $28bn, generating a big profit for Peltz as well as Heinz’s management and shareholders....
...Mathew Lawrence, director of the Commonwealth think-tank, which is calling for the renationalisation of the networks, said the report showed “structural flaws” in the system....
...Alleghany, a property and casualty insurance and reinsurer, has long been described as a mini-Berkshire Hathaway....
...Chinese stocks popular with big fund managers like Chase Coleman’s Tiger Global, Edinburgh-based Baillie Gifford and a group tied to Berkshire Hathaway vice-chair Charlie Munger have been hammered....
...J&J has opposed the measure, saying that NCPPR’s statement reflects viewpoints “that run directly contrary to the company’s beliefs and experience” that embracing diversity, equity and inclusion matters...
...J&J denies its talc contains asbestos or causes cancer but is moving to shield itself from any other potential blockbuster jury payouts that could hit its bottom line....
...J Stern manages money for the Stern family, which has held Berkshire shares for decades, as well other investors....
...(FT) The days ahead FDA examines J&J Covid vaccine The US Food and Drug Administration’s vaccine advisory group will meet to discuss Johnson & Johnson’s single-shot jab, which could receive first emergency...
...In retail, it is hard to imagine that many big brands won’t follow J Crew into bankruptcy....
...Mathew Cestar, the co-head of investment banking and capital markets in Emea, will move to join Mr Amine at the new private credit opportunities venture....
...Investors finally got some answers on Saturday at Berkshire Hathaway’s annual meeting, but it may not have been what they were hoping to hear. First on Berkshire’s performance....
...(FT) J Crew pushed into bankruptcy The fashion group has become the first major US retailer to be pushed over the edge by the coronavirus pandemic....
...After that, everything unfolds in a more muted visual key, drawing on the architecture of paranoia deployed to influential effect in the 1970s in films such as Alan J Pakula’s All the President’s Men....
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