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By BLOOMBERG BUSINESS NEWS | May 10, 1996
NEW YORK -- Warren Buffett's new class of common shares changed hands on their first day of trading at a pace that was brisk by his company's standards.The new "Baby Berkshire" stock -- Class B shares of his holding company, Berkshire Hathaway Inc. -- during the day climbed up to 9.9 percent from their offering price and traded at a premium of more than 7 percent above the old shares, now designated as Class A stock.Some 85,640 Class B shares changed hands yesterday, equal to almost 17 percent of the total available for sale.
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BUSINESS
By Natalie Sherman, The Baltimore Sun | May 17, 2014
There will be fewer of the familiar blue-and-white Prudential signs marking homes for sale across the Baltimore region next month as some are replaced with plum-colored signs bearing another storied name. Berkshire Hathaway, the company headed by billionaire investor Warren Buffett, began branding a national network of real estate franchises last year. Nationwide, with more than 28,000 agents and 750 offices, including about 200 Maryland agents, has affiliated with Berkshire Hathaway HomeServices since it launched last September.
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BUSINESS
By BLOOMBERG NEWS | June 20, 1998
OMAHA, Neb. -- Berkshire Hathaway Inc., the investment vehicle of billionaire Warren E. Buffett, said yesterday that it will pay $22 billion in stock for General Re Corp., the largest U.S. reinsurance company, creating one of the largest reinsurers in -- the world.The transaction values General Re at about $283.15 a share, or a 29 percent premium to its closing price of $220.25. General Re fell $3.875 in trading before the companies announced their merger.Berkshire will trade 0.0035 of its Class A shares or 0.105 of its B shares for each share of the Stamford, Conn.
NEWS
By Tom Petruno and Tom Petruno,Los Angeles Times | September 24, 2008
Warren Buffett to the rescue: His Berkshire Hathaway Inc. agreed yesterday to invest $5 billion in Goldman Sachs Group by way of a purchase of preferred stock. Berkshire also will get warrants to buy up to $5 billion of Goldman common shares. The deal, announced after markets closed, amounts to a huge vote of confidence by Buffett in Goldman, at a time when investors remain spooked about the future of the investment banking business. "Goldman Sachs is an exceptional institution," Buffett said in a statement.
BUSINESS
By BLOOMBERG NEWS | December 31, 2004
OMAHA, Neb. - Warren Buffett's Berkshire Hathaway Inc. said yesterday that the Securities and Exchange Commission requested information on insurance policies that may help companies smooth earnings. Berkshire's reinsurance unit, General Re Corp., received the request and will cooperate, the company said. The regulator is scrutinizing whether the policies, often sold to other insurers as reinsurance, disguise losses and distort earnings. The SEC's request signals that Berkshire may also get a subpoena from New York Attorney General Eliot Spitzer, who has broadened his investigation of the insurance industry beyond bid-rigging and kickbacks since starting the probe this year.
BUSINESS
By Thomas S. Mulligan and Thomas S. Mulligan,LOS ANGELES TIMES | March 30, 2005
NEW YORK - Uncharacteristically on the defensive, billionaire Warren E. Buffett denied yesterday having been briefed on suspect transactions between a unit of his Berkshire Hathaway Inc. and insurance giant American International Group Inc. Buffett, long known as an avatar of good corporate governance, is to be questioned April 11 by regulators in an investigation that focuses on "finite-risk insurance." Berkshire said in a statement that Buffett, its chairman and chief executive officer, would appear voluntarily and that his submitting to questioning was part of the company's effort to cooperate with the investigation.
NEWS
By James P. Miller and James P. Miller,Chicago Tribune | May 4, 2008
OMAHA, Neb. -- Executives at firms badly hurt by their investment in complex mortgage-related credit securities "really didn't have any idea what risks they were involved with," investor Warren Buffett told an estimated 31,000 shareholders of his Berkshire Hathaway Inc. investing company yesterday. Berkshire's annual stockholder meetings, held every spring here in the home town of the man some people call the "Oracle of Omaha," always draw a huge crowd: Many come specifically to hear Buffett's blunt and often tart insights into the markets.
SPORTS
By Ross Peddicord and Ross Peddicord,Staff Writer | October 31, 1993
Bill Berkshire got into the horse business in an unusual way.About four years ago the former Secret Service agent traded a membership in his golf course, the Crofton Country Club in Crofton, for a racing filly named Deltatare.Now he owns part of a 3-year-old colt, Demaloot Demashoot, who is running on Saturday at Santa Anita Park in the $1 million Breeders' Cup Sprint.Berkshire is part of the California-based Team Valor syndicate that purchased the Canadian-bred colt last year and turned him over to their up-and-coming young trainer Mark Hennig.
BUSINESS
By BLOOMBERG NEWS | April 29, 2005
Warren E. Buffett's annual meeting is usually a chance for the billionaire to show how the mistakes of others enrich Berkshire Hathaway Inc.'s shareholders. This weekend's gathering might focus on whether Berkshire made missteps. The annual meeting in Omaha, Neb., will be the first opportunity for many investors to ask the 74-year-old Buffett about regulatory investigations into transactions between a Berkshire unit and American International Group Inc., the world's largest insurer. Berkshire's reinsurance operations have profited for years from clients who were willing to pay for a type of coverage some credit-rating companies deemed foolish, though usually legitimate.
BUSINESS
By M. WILLIAM SALGANIK and M. WILLIAM SALGANIK,SUN REPORTER | February 3, 2006
A third potential buyer entered the fray for Town & Country Trust yesterday, proposing the highest price yet for the Baltimore apartment complex owner and raising the prospects for a spirited fight. In a surprise move, Berkshire Property Advisors LLC, a private Boston-based company that also manages apartments, submitted a proposal for an offer to acquire Town & Country for $37 a share in cash. Berkshire's offer was disclosed an hour after the Baltimore company announced that Oriole Partnership LLC had made its anticipated $36-a-share offer official.
NEWS
By James P. Miller and James P. Miller,Chicago Tribune | May 4, 2008
OMAHA, Neb. -- Executives at firms badly hurt by their investment in complex mortgage-related credit securities "really didn't have any idea what risks they were involved with," investor Warren Buffett told an estimated 31,000 shareholders of his Berkshire Hathaway Inc. investing company yesterday. Berkshire's annual stockholder meetings, held every spring here in the home town of the man some people call the "Oracle of Omaha," always draw a huge crowd: Many come specifically to hear Buffett's blunt and often tart insights into the markets.
SPORTS
By Roch Kubatko and Roch Kubatko,Sun reporter | February 28, 2008
For Jessie Nicklow to have evolved into a professional boxer with an undefeated record and dreams of becoming a world champion, all it took were a bunch of street fights, a few stolen bicycles and a mother who was fast running out of ideas on how to control him. Susie Linton steered her son toward the Brooklyn Boxing Club when he was 15 as a last-ditch attempt to keep him off the streets. She needed a place for Nicklow to occupy his free time, and the ring seemed like a better choice than jail.
NEWS
By Rochelle McConkie and Rochelle McConkie,Sun Reporter | July 29, 2007
Crofton residents want to see a park, hotel or nothing at all built on the property along Route 3 last eyed by Wal-Mart, according to the results of a new survey, but local leaders and the landowner quickly said the chances of any of these are "zero." The unscientific survey conducted in May and June reports that 35 percent of Crofton residents would most like to see a park in the 20-acre plot. The survey was conducted by the grass-roots organization Crofton First, which led the fight to drive out Wal-Mart earlier this year.
NEWS
July 29, 2007
LAST WEEK'S ISSUE: -- Although Wal-Mart has abandoned plans to build on a prime 20-acre parcel fronting Route 3 South in Crofton, the property owner and developer hasn't given up hopes of bringing in a big-box retailer. William D. Berkshire has pressed ahead on seeking key state approvals to build on the forested land within the 121,000-square-foot Wal-Mart footprint, while talking with several suitors about a variety of projects. Berkshire said this month that he is interested in pursuing a "mixed-use" project with shops, homes and offices.
NEWS
July 25, 2007
ISSUE: Although Wal-Mart has abandoned plans to build on a prime 20-acre parcel fronting Route 3 South in Crofton, the property owner and developer hasn't given up hopes of bringing in a big-box retailer. William D. Berkshire has pressed ahead on seeking key state approvals to build on the forested land within the 121,000-square-foot Wal-Mart footprint, all the while talking with several suitors about a variety of projects. Berkshire said last week that he is interested in pursuing a "mixed-use" project with shops, homes and offices.
NEWS
By Phillip McGowan and Phillip McGowan,Sun reporter | July 20, 2007
While Crofton residents expressed jubilation two months ago when Wal-Mart announced it would scrap its plan to build a store along the Route 3 corridor, the property owner and developer didn't necessarily scrap his plan to bring in a big-box retailer. William D. Berkshire has pressed ahead on seeking key state approvals to build on the forested 20-acre parcel within the 121,000-square-foot Wal-Mart footprint, all the while talking with several suitors on a variety of projects. County lawmakers and civic leaders say another big-box store could be in the offing.
NEWS
By TaNoah Morgan and TaNoah Morgan,SUN STAFF | May 5, 2003
Dawn Hyde knows the key to business success is diversity. So when her company, Berkshire Associates Inc., consults with another about achieving diversity in the workplace, Berkshire offers a plethora of tools - from consulting help to proprietary computer software programs. The methods must be working. From 1999 to 2002, Hyde said, the human resources firm has grown revenue by 53 percent, even as other areas of the economy were sagging. And the company has plans to grow another 40 percent this year and hire another five people as it expands into even more areas of service.
BUSINESS
By New York Times News Service | April 24, 2007
CHICAGO -- Warren E. Buffett is hardly a man of mystery. But when investors gather in Omaha, Neb., in two weeks for the Berkshire Hathaway annual meeting, there will be a nagging question mark over the head of the 76-year-old chairman: Who might someday replace him in each of the two roles he plays - chief executive of Berkshire Hathaway, and its chief investment officer? A bit more is known about the choice of a future chief executive. Buffett has said there are three candidates from various Berkshire-owned companies.
NEWS
By Nia-Malika Henderson and Phillip McGowan and Nia-Malika Henderson and Phillip McGowan,sun reporters | May 4, 2007
Amid a groundswell of community opposition, Wal-Mart announced yesterday that it has backed out of a plan to build a 121,000-square-foot Supercenter in Crofton. After meetings with County Executive John R. Leopold and property owner William Berkshire, a spokesman for the retail giant noted that despite making several concessions, "it has become clear to us that there are various views about a project of this size and scope at this specific site and its relationship to the County's long-term development profile."
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