MiTek Industries (MiTek), a Berkshire Hathaway company, and the world’s leading supplier of advanced engineered structural connector systems, equipment, software and services for the building components industry announced today that it has acquired Benson Industries, LLC. Benson is the global leader in the design, pre-fabrication and installation of custom unitized curtain wall systems for high-end commercial, hotel, residential, governmental, and institutional buildings worldwide. MiTek is a subsidiary of Warren Buffett’s Berkshire Hathaway Inc. [...] Benson was founded in 1926 in Portland, Oregon. Over the past three decades, Benson’s unrivaled engineering, assembly and project management capabilities have earned them praise and recognition for some of the world’s most prominent curtain wall projects, including One World Trade Center and the re-cladding of the United Nations Secretariat in New York City, and Marina Bay Sands in Singapore. Benson has offices and operations in multiple countries around the world.
Dairy Queen ranks among nation's largest quick-service chains (Minneapolis St. Paul Business Journal)
Dairy Queen is the nation's 18th largest quick-service restaurant chain, according to QSR Magazine's latest QSR 50 ranking. Edina-based American Dairy Queen Corp., a subsidiary of Warren Buffett's Berkshire Hathaway, had 2012 U.S. systemwide sales of $2.3 billion. Its 4,459 locations generated average sales of $545,000 last year. (All but three locations are franchised.)
STB orders BNSF to delay asset revaluation from Berkshire acquisition (Progressive Railroading)
The Surface Transportation Board (STB) late last week took several actions to delay the revaluation of BNSF Railway Co.'s assets, in part because Berkshire Hathaway Inc. purchased BNSF in 2010 "without prior board authorization," STB officials said in a press release. The board reaffirmed that Generally Accepted Accounting Principles (GAAP), which must be followed in rail carrier acquisitions, permit the revaluation of BNSF's assets. But because of the unique circumstances of the BNSF transaction, the STB directed the Class I to transition the revaluation over seven years to reduce the possible impact on captive shippers.
Here's When We Are Bailing and Dumping Shares of Berkshire Hathaway (Fool Video)
In this segment from The Motley Fool's everything-financials show, Where the Money Is, host Alison Southwick asks financial analysts Matt Koppenheffer and David Hanson when they would consider shares of Berkshire Hathaway to be too pricey and no longer attractive.
Warren Buffett: Breaking Bad's Biggest Fan (Vanity Fair)
How much does Warren Buffett love Breaking Bad? So much that he incorporated a Breaking Bad parody—featuring himself, and series stars Bryan Cranston and Aaron Paul—in the Berkshire Hathaway shareholders' meeting this year, replacing the show's coveted product, crystal meth, with peanut brittle (Berkshire Hathaway owns See's candy company). And so much that last night, the 82-year-old investor crashed Breaking Bad's N.Y.C. premiere, reports Variety.
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