MiTek Industries has acquired Ellis & Watts Global Industries, a designer and fabricator of HVAC products for nuclear and military customers. Chesterfield [Missouri]-based MiTek, a supplier of engineered products, software and equipment for the construction industry that's owned by Berkshire Hathaway, said Batavia, Ohio-based Ellis & Watts will operate as a subsidiary of MiTek. [...] “By offering highly engineered HVAC and other solutions into a wide range of end markets, Ellis & Watts enables MiTek to further expand its Industrial Business segment," Tom Manenti, chairman and CEO of MiTek, said in a statement.
Berkshire Hathaway Specialty Exec on Acquisitions, Expansion Plans (Insurance Journal)
BHSI’s [Berkshire Hathaway Specialty Insurance] President Peter Eastwood said BHSI is “working hard at some expansion plans in Asia and in Europe as well” while an expansion in Latin America is “a little bit further down the road.” BHSI expects to make expansion moves outside the U.S. sometime in 2014, Eastwood said [...] Insure America LLC is a brokerage operation specializing in the travel agency errors and omissions (E&O) business, Eastwood said, “and we are going to replace the paper that supports it and write that business on our paper.” And MyAssist offers a personal assistance concierge service for motorists, Eastwood explained. [...] “Having call center capabilities within our organization will be of a huge value to us on the claims side,” he said. “It has a huge value to us as we think about expanding our business into different areas — including into the consumer space.”
Unionized Employees Picket NetJets Corporate Office (Yahoo / PR Newswire)
When you read this, note that it's a press release written by the union.
In a powerful display of solidarity, approximately 200 unionized NetJets employees participated in an informational picket across the street from the Berkshire Hathaway subsidiary's corporate headquarters to focus attention on escalating attacks on their pay, benefits and working conditions amid record profits. The event was hosted by the NetJets Unions Coalition (NUC) whose formation was announced earlier this month.
NetJets® Newest Jet Model Taking Flight (Business Wire / Marketwatch)
NetJets is the launch partner for the all-new Bombardier Challenger 350. NetJets Inc., a Berkshire Hathaway company and the worldwide leader in private aviation, announced today that it is flying a demonstration model of the all-new aircraft to more than 20 cities in the U.S. The company is showing the model to current and prospective customers. [...] NetJets will take actual delivery of the first jet this summer. The Challenger 350 jet boasts class-defining performance, 3,780 sm (6,083km) range and will connect New York to Los Angeles and San Francisco to Maui.
Berkshire Hathaway HomeServices Launches National Ad Campaign (Business Wire / Marketwatch)
Berkshire Hathaway HomeServices, the new real estate brokerage network operated by HSF Affiliates LLC, today launched a national advertising campaign to continue building brand awareness and underscoring the network’s expertise. The campaign, developed by BBDO Minneapolis, positions Berkshire Hathaway HomeServices as a brand that is “Good to know” when buying or selling a home because of its agents’ skill and forward-thinking approaches. [...] The campaign launches with :30 and :15 TV spots airing on national cable networks as well as print and digital advertising in The Wall Street Journal and industry trade publications.
Manhattan Will Get Its First Dairy Queen This Spring (HuffPost)
(Berkshire Hathaway owns Dairy Queen.)
There are 6,400 Dairy Queen locations around the world, and now you can add one more store to that number. Get ready, Manhattan, because you're about to be hit with another Blizzard. 75 years and 27 countries later, Dairy Queen is finally DQ'ing something different, and finding its way to the Big Apple. [...] In 2013, Dairy Queen opened a location just outside Manhattan, but the new location will be at 54 West 14th Street, between 5th and 6th Avenues.
Detroit-based Fathead to sell Warren Buffett Big Head wall posters for charity (MLive)
When Warren Buffett came to Detroit last fall to announce a $20 million small business lending program with Goldman Sachs, he also visibly spent time with Quicken Loans founder and Chairman Dan Gilbert. [...] In the latest Gilbert-Buffett collaboration, Fat Head announced this week that it will be selling a Warren Buffett Big Head, a large cut-out graphic that can be stuck to walls, and is donating proceeds to two Detroit charities. Fathead, which is part of Gilbert's Rock Ventures umbrella company, makes its large wall cutouts for more than 600 licensed brands and has thousands of graphics of athletes, superheroes and celebrities.
You can buy yours here.
Social media maven Warren Buffett's tweeting advice (CNBC + video) http://www.cnbc.com/id/101549253
Warren Buffett, despite what it says in our attempt at irony in the headline, is no expert on social media. [...] That's the joke behind a humorous video from the college Buffett attended more than 60 years ago, the University of Nebraska-Lincoln. In it, Buffett ("The Oracle") is seen wearing a bright red jacket (the school's color) while hand-checking a massive pile of NCAA brackets in front of him. As he happily finds an error, ("Ha! Another loser"), a bright red desk telephone rings.
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