Anonymous bidder pays $3.46 million for Warren Buffett lunch (Reuters)
Buffett has only revealed that the winning bidder was a woman this year.
An anonymous bidder agreed at auction to pay $3,456,789 to eat lunch with Warren Buffett, tying the record for the right to dine with one of the world's most admired investors.
Money will go to Glide, a San Francisco charity that provides food, health care and other services to people who are homeless, poor or struggling with substance abuse.
Warren Buffett’s Dicey Power Play (Bloomberg)
When Warren Buffett’s Berkshire Hathaway bought Nevada’s main utility, NV Energy, three years ago, it inherited a lucrative customer base: the neon-lit, air-conditioned casino-hotels on the Las Vegas Strip. Now they’re in the midst of a costly split. Lured by the prospect of cheaper, cleaner energy elsewhere, two of the Strip’s biggest power users, MGM Resorts International and Wynn Resorts, told regulators in May they’re willing to pay millions in fees to ditch NV Energy’s services. [...]
Berkshire Energy Units Barred From Selling Power at Market Rates (Bloomberg)
Units of Warren Buffett’s Berkshire Hathaway Inc., including PacifiCorp and NV Energy, were barred from selling power at market rates and must instead set prices based on the cost of running their plants.
More than a dozen Berkshire Hathaway power suppliers serving consumers in the West failed to prove they couldn’t exercise market power, according to an order from the U.S. Federal Energy Regulatory Commission late Thursday. The companies must revise rates from Jan. 9, 2015, to April 9 and provide refunds within 30 days of the order, according to the filing. [...]
Quicken founder and Warren Buffett have ties beyond Yahoo deal (Reuters)
The connection between Quicken Loans Inc founder Dan Gilbert and billionaire magnate Warren Buffett became evident last month with news that Buffett was backing Gilbert's surprise bid for Yahoo Inc.
But the two men have another business connection that hasn't been reported: an exclusive mortgage-purchasing agreement between Quicken and a subsidiary of Buffett's conglomerate Berkshire Hathaway Inc. [...]
Warren Buffett: I’m looking to invest more in women (Independent)
Warren Buffett, chairman and CEO of Berkshire Hathaway, told the audience at the first ever United State of Women summit in Washington DC that he currently invests in six companies with female CEOs and is "looking for more”.
He also has three women on the board of Berkshire Hathaway and wants to up that number too.
Billionaire Warren Buffett’s Berkshire Hathaway buys North Park Toyota (My San Antonio)
Billionaire Warren Buffett’s Berkshire Hathaway Automotive Inc. has purchased a controlling stake in North Park Toyota — the company’s first dealership in the San Antonio area.
Jeffrey Rachor, president and CEO of Berkshire’s automotive group, signed a 20-year lease for the dealership’s 23.7-acre property on April 4, with an option to buy.
Berkshire Hathaway Group’s Specialty Insurance Operation Opens German Office, Makes Executive Appointments in Northern Europe (Business Wire)
Berkshire Hathaway Specialty Insurance Company (BHSI) in coordination with its affiliate Berkshire Hathaway International Insurance Limited (BHIIL), today announced that it has established its office in Düsseldorf, Germany, and filled key executive roles in Northern Europe. [...]
Vestas scores massive order for Warren Buffett-backed wind farm (Denver Business Journal)
Vestas Wind Systems, with four manufacturing plants in Colorado, has reached a conditional agreement to supply up to 1,000 wind turbines to a massive wind farm in Iowa.
It's the largest order ever for a U.S. wind farm and believed to be one of the largest orders in the world, according to industry experts.
The buyer is MidAmerican Energy Co., a subsidiary of Berkshire Hathaway Energy [...] With the investment in Wind XI, MidAmerica expects wind farms will provide 85 percent of the energy it delivers to its Iowa customers.
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