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...The 72-year-old Jain heads the insurance operations that underpin Berkshire, providing the cheap capital that has allowed Buffett to build a conglomerate spanning businesses from Duracell batteries to railroad...
...Late last year, National Indemnity transferred its ownership of BNSF to Berkshire in a deal that valued the railroad at $82bn. National Indemnity declined to comment....
...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....
...The purchase of the railroad operator will enable Canadian Pacific to launch the first rail network spanning Canada, the US and Mexico....
...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....
...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....
...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...
...Indexing used to be a sleepy business, often started by niche newspapers as a service to subscribers....
...The company counts aircraft manufacturer Boeing, telecoms group AT&T and the Union Pacific railroad among its clients....
...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....
...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”....
...García is currently head of the bank’s Latin America investment banking division and Gutman serves as global co-head of investment banking services and UK investment banking co-head....
...A future where the company would claw back $1m for each $300,000 vehicle it produced via a subscription service and refuelling network created with a yet-to-be-named energy partner....
...Berkshire Hathaway, one of the biggest conglomerates in the US that owns everything from See’s Candies to railroad company BNSF, has recently come under pressure because it is sitting on a mammoth $128bn...
...Its takeover of the Burlington Northern railroad was agreed in late 2009. A $5bn investment in Bank of America did not come until two years later....
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