First Quarter Results and a Name Change

First Quarter Earnings from Berkshire Hathaway:
Berkshire Hathaway Press Release

Berkshire Profit Slips 3.8% on Insurance, Derivatives (Bloomberg)

Berkshire Hathaway Inc. reported a 3.8 percent decline in first-quarter profit, as underwriting results declined at insurance businesses and on reduced earnings from Chairman Warren Buffett’s derivatives wagers. Net income slipped to $4.71 billion, or $2,862 a share, from $4.89 billion, or $2,977, a year earlier, the Omaha, Nebraska-based company said yesterday. The decrease in profit was the first since 2012.

MidAmerican Energy Holdings now Berkshire Hathaway Energy (Des Moines Register)

MidAmerican Energy Holdings Co., the parent of MidAmerican Energy, has changed its name to Berkshire Hathaway Energy, effective immediately, the Des Moines-based company said today. [...] The name change will not affect the names or operations of the locally managed businesses that Berkshire Hathaway Energy owns, such as the Des Moines-based utility, MidAmerican Energy Co. [...] "Our new name reflects the benefits we gain from Berkshire Hathaway's ownership, particularly our ability to reinvest in our businesses and take a long-term view of our customers' needs, which have helped us become a leader in the global energy industry," said Greg Abel, Berkshire Hathaway Energy's CEO.