Did Warren Buffet Just Blow $3.6 Billion? (Fool)
Recently, utility MidAmerican Energy, owned by Berkshire Hathaway, blew away renewable energy investors with a surprising announcement: It plans to invest $3.6 billion in wind energy by 2020. This is one of the largest wind energy investments ever made and is a calculated decision on the part of Warren Buffett, Berkshire Hathaway, and MidAmerican Energy. [...]
Warren Buffett's company buys Gallatin's Goodall Homes (Tennessean)
A subsidiary of billionaire investor Warren Buffett's Berkshire Hathaway has acquired Gallatin-based Goodall Homes, continuing its expansion into detached single-family and other traditional homes.
The nation's largest manufactured house maker, Clayton Homes of Maryville, Tenn., didn't disclose the price it paid for Middle Tennessee's second-largest homebuilder.
Goodall Homes will become part of Clayton Properties, the site-building group through which Clayton Homes is expanding its portfolio of housing options to homebuyers. Last fall, Clayton Homes bought Atlanta area-based homebuilder Chafin Communities as part of that push. [...]
Warren Buffett-Led Berkshire Discloses Unit's Ties To Iran, Opens Probe (NDTV)
Berkshire Hathaway Inc on Friday said it recently learned that one of its foreign units made sales through a third-party distributor to customers in Iran, despite US sanctions against that country.
In its quarterly report filed with the US Securities and Exchange Commission (SEC), Omaha, Nebraska-based Berkshire said it alerted federal authorities including the Department of the Treasury on Friday about the transactions in question. [...]
Warren Buffett's Jewelry Business Just Bought Gemvara (BostInno)
Gemvara announced Wednesday it has been acquired by Richline Group, a Berkshire Hathaway ($BRK.A) subsidiary that specializes in jewelry marketing, manufacturing and distribution. The acquisition will take Gemvara back to its early roots, providing e-commerce and in-store digital tech for Richline's brands and its customers, which include companies both inside and outside the Berkshire Hathaway umbrella. [...]
Benjamin Moore CEO: Warren Buffett is very particular about the promises he makes (Yahoo)
"There was a period of time where the dealers didn't trust us because there was talk of us going into the big boxes. For the independent dealer, that would have been a broken promise by Warren Buffett," Searles said, adding that the promise was never broken. "Warren is very particular about promises he makes...All we have done is listen more closely to our customers. We have the best products in the world." [...]
Energy Companies Launch Critical Transmission Equipment Sparing Company (PR Newswire)
Six energy companies Friday officially launched Grid Assurance, an independent company providing transmission sparing solutions for critical electric transmission equipment. [...]
Grid Assurance was founded by affiliates of American Electric Power, Berkshire Hathaway Energy, Duke Energy, Edison International, Eversource Energy and Great Plains Energy to enhance grid resiliency and give electric transmission owners faster access to long-lead time critical equipment necessary to recover from catastrophic events that could impact the nation's electric grid. [...]
Brokers respond positively to BHSI’s first year in Australia (Insurance Business)
Last week marked a year since Berkshire Hathaway Specialty Insurance received its licence to sell general insurance products in Australia. [...]
According to Donaldson, so far, BHSI has had an overwhelmingly positive response from customers, brokers and (now) new team members their entry to the Australia market. [...]
Applied Underwriters, part of Berkshire Hathaway, is company planning to develop Boys Town farmland (Omaha World-Herald)
A part of Warren Buffett’s empire is behind the planned transformation of a nearly 500-acre tract that includes high-profile Boys Town farmland near 144th Street and West Dodge Road.
Applied Underwriters Inc., acquired a decade ago by Omaha-based Berkshire Hathaway, is finalizing a contract to buy the undeveloped land from Boys Town and the DeMarco family, Omaha developer Jay Noddle told The World-Herald.
On a piece of the vast farm area, Applied Underwriters intends to build a new hub for its local workforce of between 650 and 700. The rest is to become more offices, shops, housing, restaurants, hotel rooms, public space and more. [...]
This Running Shoe Was Personally Approved by Warren Buffett (Fortune)
The shoe, known as the Berkshire Hathaway Transcend 3, has a limited run with only 4,080 pairs being sold (evenly distributed among the genders). It will be sold at the 2016 Berkshire Hathaway Shareholder’s Meeting, as well as on Brooks’ website and some national retailers. The Transcend 3 retails for $170, slightly above the prices most premium running shoes command.
The Transcend 3 is part of a broader push by Brooks, which aspires to become a $1 billion brand, to sell shoes designed for big events. [...]
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