Berkshire Hathaway released its quarterly 13F statement, detailing its stock holdings as of Dec. 31, 2017.
Here's a summary from Dataroma.
Buffett's Bumpy Ride With IBM Draws to a Close With Stock Sales
Warren Buffett is just about done with International Business Machines Corp.
His conglomerate, Berkshire Hathaway Inc., reported that it cut its stake in Big Blue by 94 percent during the fourth quarter, essentially drawing to a close a rare blemish on his investing record. [...]
IBM was always a curiosity for Buffett followers. He’d spent years telling them that technology companies were outside his area of expertise then plowed more than $10 billion into the company in 2011. [...]
Warren Buffett's Berkshire Hathaway loves loathed Israeli drug stock Teva
After news hit Wednesday that Warren Buffett's Berkshire Hathaway had made a $358 million investment in Israel-based drug company Teva Pharmaceutical Industries, a skepticism lingered even as shares of the heavily shorted stock soared.
What does Berkshire Hathaway see in an out-of-favor drug stock that has languished — Teva shares have declined by roughly half in the past year — that the rest of Wall Street doesn't?
Maybe nothing special. And the size of the bet — at $358 million — is within the discretionary stock selling mandates of Buffett's hedge fund lieutenants, Ted Weschler and Todd Combs. But the bet is consistent with Buffett's long history of value investing, albeit with a twist. [...]
Phillips 66 agrees to repurchase shares from Berkshire Hathaway subsidiary
Phillips 66 said it will buy back shares worth $3.28 billion from a Berkshire Hathaway subsidiary, in a transaction that could ease regulatory pressure for Berkshire, the conglomerate run by Warren Buffett.
Phillips 66 will repurchase 35 million shares for $93.725 per share. The buyback will bring Berkshire's stake in Phillips 66 to slightly below 10 percent. [...]
Buffett's BNSF railroad eyes blockchain for shipping freight
BNSF Railway Co, a unit of the billionaire’s conglomerate Berkshire Hathaway Inc (BRKa.N), on Monday said it has become the first major U.S. railroad to join the Blockchain in Transport Alliance.
The alliance is a group of more than 200 companies examining how best to use the digital ledger technology behind bitcoin and other cryptocurrencies in the transport industry.
It hopes to establish blockchain standards in such areas as vehicle maintenance, quality control and fraud prevention.
Among its members are shippers FedEx Corp and United Parcel Service Inc, tire maker Bridgestone Corp, German software company SAP SE, and some banks and brokers [...]
Buffett’s Berkshire Hathaway Is Cutting More Jobs Across Newspaper Group
BH Media Group is reducing staff by 148 employees and not filling 101 vacant positions, representing a total of about 6 percent of its workforce, the company said Tuesday in a statement. The organization is seeking to trim expenses because of declining advertising revenue.
Among the cutbacks, Buffett’s hometown newspaper, the Omaha World-Herald, is eliminating 43 positions including vacant ones, the paper reported on its website Tuesday. Eleven newsroom employees were among those let go. [...]
Buffett's Business Wire suffers cyberattack
Business Wire, the corporate news release distributor owned by Warren Buffett's Berkshire Hathaway Inc, on Tuesday said it has been suffering for nearly a week from a cyberattack designed to disable it.
The company said it has been experiencing a "directed and persistent" denial of service attack since Jan. 31, though customer information has not been compromised.
"Our website slowed down," said Neil Hershberg, a senior vice president at Business Wire, in a phone interview. "At no point were clients unable to get our releases to us. Our distribution network was totally unaffected by this attack." [...]
Warren Buffett is retiring from Kraft Heinz board
Warren Buffett is retiring from the board of directors of Kraft Heinz, a subsidiary of his company Berkshire Hathaway.
"Mr. Buffett decided to retire from the board as he decreases his travel commitments," Kraft Heinz said in a press release on Friday.
The 87-year-old billionaire will retire after his term ends at the Kraft Heinz annual meeting of stockholders, the company said. [...]
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