Hints and tips:
...There were, he said, few deals that offered the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity or the BNSF railroad....
...The sprawling conglomerate is now worth more than $780bn, with stakes in Apple, Coca-Cola and Bank of America as well as ownership of the BNSF railroad and Geico insurer....
..., Wyoming and Idaho, it will become the largest....
...The purchase of the railroad operator will enable Canadian Pacific to launch the first rail network spanning Canada, the US and Mexico....
...The Internal Revenue Service has barely had time to expand its headcount, but the tax man is already coming after Bitcoin maxi Michael Saylor....
...The results were helped by larger profits in its manufacturing and services business lines....
...The moves amount to the biggest sign yet of investor disquiet over governance at Buffett’s sprawling conglomerate, whose holdings include the insurer Geico, the BNSF railroad and electric utilities across...
...Warren Buffett’s Berkshire Hathaway dramatically slowed new investment in the second quarter after setting a blistering pace at the start of the year, as the US stock market sell-off pushed the insurance-to-railroad...
...The results showed the company’s railroad, utilities and manufacturing businesses reporting stronger profits in the quarter, compared to year ago levels....
...Such vacation destinations as Sarasota and Key West in Florida along with Myrtle Beach, South Carolina; Bozeman, Montana; and Jackson Hole, Wyoming, are also accommodating more flights....
...“It is helping an internal combustion engine company become an electric vehicle company, and a fleet services for autonomous driving company.” The company’s windfall is controversial in Washington....
...If Congress can get beyond partisan divides, it will find an apt historical precedent: 19th-century railroads....
...A version of this article was first published by Nikkei Asia on June 8, 2022. ©2022 Nikkei Inc. All rights reserved....
...Indexing used to be a sleepy business, often started by niche newspapers as a service to subscribers....
...Berkshire Hathaway, which owns Geico, the insurer, railroad BNSF and Benjamin Moore, the paint maker, reported robust $11.7bn in profits earlier in the day, with some divisions disclosing price rises to...
...Berkshire has cut holdings in several bank stocks, selling the remaining shares it held in JPMorgan Chase, PNC Financial Services and M&T Bank in the fourth quarter....
...It owns a vast collection of businesses that span insurers such as Geico, the Burlington Northern railroad, furniture stores, car dealerships and electric utilities....
...He built steel mills, then purchased coke fields and iron ore deposits and the railroads and ships needed to supply them. It made him one of the world’s richest men....
...“The rating game hasn’t changed a lot since John Moody started on railroad bonds 100 years ago,” he said....
...The group believes it can leverage the huge user base that flocks to their sites to offer them new lucrative services. How exactly?...
...That would, in essence, turn the company into exactly what railroad and telecom monopolies ultimately became — regulated utilities....
...Only two states in mainland America, South Dakota and Wyoming, go without any rail link at all....
...The big four have gone from “scrappy, underdog start-ups”, the report says, to the “kinds of monopolies we last saw in the era of oil barons and railroad tycoons”....
...For example, when Sam Pollock, BIP’s chief executive, announced the company’s prospective $8.4bn takeover of Genesee & Wyoming, a major operator of US short-line rail companies, he spoke of how “G & W will...
...Brookfield Asset Management has joined forces with Singapore’s GIC and a group of smaller investors to acquire US freight railroad owner and operator Genesee & Wyoming for about $8.4bn, the latest in a series...
International Edition