I linked to this Seeking Alpha article for the terrific pie chart showing where Berkshire Hathaway gets its value from. It nicely shows the relative size of the different parts of the company. The Fool also had a different graphic last week...
Understanding Berkshire Hathaway Stock (Fool)
Berkshire Hathaway is a large, highly diversified conglomerate. So if you want to own Berkshire Hathaway stock, it's crucial that you understand exactly how the company makes money. [...] The composition of Berkshire's earnings is definitely not an exact representation of the composition of the stock's value. But it's a great start for any investor beginning due diligence on Berkshire Hathaway stock.
Berkshire CEOs Spend Quietly, Match Buffett on Heinz Deal (Bloomberg Businessweek)
Warren Buffett stole headlines when he committed $12.1 billion in a deal to take ketchup maker HJ Heinz Co. private this year. Managers at his Berkshire Hathaway Inc. spent as much in 2012 while attracting less attention. Executives who gathered last week for Berkshire’s annual meeting in Omaha, Nebraska, said in interviews that they plan to spend even more this year as they upgrade a rail network and energy utilities, expand manufacturing capacity and hunt for additional acquisitions.
Brewer shoe manufacturer acquired by Berkshire Hathaway company (Bangor Daily News)
Justin Brands Inc. announced on Thursday the acquisition of Brewer-based Highland Shoe Co. LLC. Financial details of the acquisition were not disclosed, but all 35 employees will be retained at the Brewer company [...] Justin Brands said in its release that the Brewer plant will continue its current production level of more than 400 pairs of hand-sewn shoes each week. [...] Highland annually makes around 25,000 shoes by hand for private labels such as Yuketen, Red Wing, Oak Street Bootmakers and Sperry Top-Sider Shoes and “50-60 percent of our shoes get shipped overseas somewhere,” Sutton said last year. It produces casual and dress shoes for men and women.
The last time Berkshire Hathaway bought a Maine shoe business... (Bangor Daily News)
The last time Berkshire Hathaway bought a Maine shoe business was in 1993 — and the business was Dexter Shoe. [...] Beginning in 1998, Dexter began shedding jobs, a bit at a time, citing global competition. Then, beginning in 1999, the company began to shutter its manufacturing facilities: first Milo, then Newport, followed by Skowhegan. A week after the terrorist attacks on 9/11 Dexter Shoe announced it was closing its final manufacturing facility in Maine, the one located in its namesake town of Dexter. Buffett came to regret his purchase of Dexter Shoe, calling it in 2008 “the worst deal that I’ve made.”
No decision yet on MidAmerican Energy nuclear facility (Cedar Rapids Gazette)
“I am getting overwhelming feedback that people aren’t interested in a nuclear plant in Muscatine County,” said Jeff Sorensen, who chairs the Muscatine County Board of Supervisors. “But I don’t know what our role in the process is except to say we don’t want it.” That role? It’s pretty limited, actually. Though the board can speak on behalf of the public, it has no legal authority to approve or prevent a nuclear power plant in Muscatine County. That authority lies with the Nuclear Regulatory Commission, a federal agency.
Berkshire Agrees to Limit DaVita Stake After Weighing Increase (Bloomberg Businessweek)
Warren Buffett’s Berkshire Hathaway Inc., the largest investor in DaVita HealthCare Partners Inc., agreed not to acquire more than 25 percent of the dialysis provider after raising the possibility of increasing its stake. [...] Berkshire held almost 15 million DaVita shares, a stake of about 14 percent, according to data compiled by Bloomberg based on a March filing. Standstill agreements are typically arranged by companies seeking to prevent an unsolicited takeover.
Berkshire Hathaway sells off more Moody's shares, stake down to 11.1% (Economic Times)
Warren Buffett's Berkshire Hathaway Inc sold off another 1.375 million of its Moody's Corp shares in the past three trading days, leaving it with an 11.1 per cent stake in the parent of credit rating agency Moody's Investors Service. Berkshire sold the shares in several transactions on Thursday, Friday and Monday, yielding a total of $84.5 million and leaving it with about 25.3 million shares, according to a regulatory filing on Monday.
Buffett's CEOs: The Women of Berkshire Hathaway (YouTube / Bloomberg Video)
Bloomberg's Betty Liu introduces us to the female CEOs at Berkshire Hathaway companies. They discuss the bond they share, the common obstacles they face and their thoughts on word that the successor to Warren Buffett will be a man... for now. They speak on Bloomberg Television's "In The Loop."
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