TTI, Inc. an indirect, wholly owned subsidiary of Berkshire Hathaway, acquired the assets of NPCS Autotronics Co. Ltd. Based in Shanghai, China, NPCS Autotronics is a specialty distributor of connector products used in the transportation market segment. The company is an official distributor of Delphi Connection Systems.
Warren Buffett could soon own the largest energy holding company in the U.S. (Mother Nature Network)
Billionaire investor Warren Buffett sees dollar signs in Nevada. Buffett's Berkshire Hathaway has made a $10 billion offer to acquire NV Energy, Inc., a deal that would create what has been called the largest utility holding company in the U.S. [...] MidAmerican Energy Holdings already owns several large energy and utility companies, including namesake MidAmerican Energy Company, MidAmerican Renewables, PacifiCorp and Northern Natural Gas. NV Energy has two main subsidiaries, Nevada Power Company and Sierra Pacific Power Company, both of which operate under the NV brand name. The deal, if approved by regulators, would add another 2.4 million customers to Berkshire Hathaway's energy rolls.
"This Time" Is Never Different for Buffett and Berkshire Hathaway (Fool)
Friday's Wall Street Journal featured an article detailing Warren Buffett's increasingly difficult task of allocating Berkshire Hathaway's massive cash pile toward multibillion-dollar acquisitions. While many of the conglomerate's recent purchases have been small nominally, the results have been outsized and continue to add to Berkshire Hathaway's already gigantic equity base.
Berkshire Hathaway HomeServices Adds Five More Brokerage Signees (MarketWatch / Business Wire)
Berkshire Hathaway HomeServices, the new real estate brokerage network operated by HSF Affiliates LLC, today announced the signing of five additional brokerage companies for the network. The companies - Prudential Ambassador Real Estate, Omaha, NE; Prudential California Realty, Rancho Cucamonga, CA; Prudential Colorado Properties, Vail, CO; Prudential Real Estate of the Rockies, Denver, CO; and Prudential Preferred Homes (with Parkersburg Realty and Landmark REALTORS(R)), Parkersburg, WV - will begin operating as Berkshire Hathaway HomeServices affiliates later this year and in early 2014.
Berkshire Sells $1 Billion of Bonds in First Offering Since May (Bloomberg Businessweek)
Warren Buffett’s Berkshire Hathaway Inc. issued its first bonds in three months with a $1 billion, two-part offering. Berkshire’s $600 million of 0.95 percent, three-year securities priced to yield 37 basis points more than similar-maturity Treasuries and $400 million of 2 percent, five-year notes pay a relative yield of 65 basis points, according to data compiled by Bloomberg. The bonds are expected to be rated Aa2 by Moody’s Investors Service and will be used to repay debt.
Southwest Greens Launches New Bolt™ Fiber (PRWeb)
Southwest Greens International, a division of Shaw Industries, a Berkshire Hathaway company and one of the leading synthetic turf companies in North America, announced today the launch of Bolt™, its newest fiber innovation which is highlighted by a cutting-edge shape designed for increased performance and durability. [...] Engineered to handle the demands of a high-traffic sports surface, Bolt features a patent-pending, lightning bolt-shaped fiber which creates a stronger vertical axis that causes the fibers to stand upright for greater resiliency and increased durability. In fact, Bolt exceeds the most stringent industry standard for simulated wear twice over. Additionally, Bolt’s unique cross section features curved angles reflecting light for lower luster and a more natural looking lawn.
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