Free Republic 2nd Quarter Fundraising Target: $88,000 Receipts & Pledges to-date: $49,212
55%  
Woo hoo!! And we're now over 55%!! Thank you all very much!! God bless.

Keyword: berkshirehathaway

Brevity: Headers | « Text »
  • Warren Buffett sees $11 billion boom on Donald Trump win

    11/22/2016 6:58:44 PM PST · by Olog-hai · 12 replies
    CNBC ^ | 11/22/2016 | Jeff Cox
    For someone who backed Hillary Clinton in the presidential election, Warren Buffett has done just fine so far with a Donald Trump victory. The multibillionaire head of Berkshire Hathaway has seen his investment portfolio explode in the days since Trump’s stunning upset Nov. 8. Buffett has benefited particularly well from the myriad financial holdings he holds in the company’s portfolio. Bank stocks have surged since Trump’s win, on anticipation of higher rates and less regulation of Wall Street. Taken together, the company’s half-dozen top financial holdings have brought the Oracle of Omaha a hefty $4.3 billion in profits since the...
  • Twin Falls Newspaper Financed by Globalist Warren Buffett Attacks Breitbart

    08/25/2016 4:39:44 PM PDT · by george76 · 9 replies
    Breitbart ^ | 25 Aug 2016 | Michael Patrick Leahy
    The daily paper, which operates as, in effect, a local monopoly in the small southern Idaho city at the center of a sexual assault of a 5 -year-old American-born girl involving three Muslim refugee boys, is owned by Lee Enterprises, which received a $2.1 million loan in 2012 and another $9 million loan in 2013 from a subsidiary of Berkshire Hathaway, the conglomerate controlled by globalist billionaire Warren Buffett, an ardent supporter who endorsed Hillary Clinton in December. ... The Twin Falls Times-News op-ed generated a number of comments from local readers, some backing the paper’s reporting as “objective,” but...
  • James Hansen gets grilled by attorney in Omaha after spewing nonsense

    05/02/2016 8:45:49 PM PDT · by Ernest_at_the_Beach · 26 replies
    wattsupwiththat.com ^ | May 1, 2016 | Anthony Watts
    From the Powerline blog:Nebraska attorney Dave Begley is our faithful Omaha correspondent. Dave reports: (video follows)Friday night in a crowd of 500 to 700 people at Creighton University it appeared that I was not only the only conservative, I was also the only person who was thinking clearly and critically. One of global warming’s oldest and most revered leaders, Dr. James Hansen, spoke prior to his protest at the Berkshire Hathaway shareholders’ meeting on Saturday. I have never heard such nonsense in my life. He gave a rambling and incoherent presentation for nearly two hours. Three times he forgot...
  • The Latest: Berkshire investors reject climate change report

    05/01/2016 7:44:23 AM PDT · by rktman · 18 replies
    washingtonpost.com ^ | 4/30/2016 | unknown
    Berkshire Hathaway shareholders have overwhelmingly rejected a resolution calling for the company to write a report about the risks climate change creates for its insurance companies. CEO Warren Buffett says he agrees that dealing with climate change is important for society, but he doesn’t think climate change creates serious risks for Berkshire’s insurance businesses. Buffett says the fact that Berkshire generally writes insurance policies for one-year periods allows it to regularly re-evaluate risks, such as climate change. The activists who proposed the motion tried to urge Buffett to take a public stance in favor of measures to reduce consumption of...
  • Trump Isn't Morally Qualified to Be President, Munger Says

    04/15/2016 6:34:44 AM PDT · by MAD-AS-HELL · 52 replies
    Newsmax.com ^ | 02/16/2016 | Via Bloomberg
    Berkshire Hathaway Inc. Vice Chairman Charles Munger criticized leading candidates from both major U.S. political parties. At a meeting with investors of his Daily Journal Corp. in Los Angeles Wednesday, Munger, 92, was asked whether a person who couldn’t make money in the gaming industry would be a good fit for the top office in the U.S. “Well, he did make money for quite a while,” Munger said of Republican Donald Trump. “My attitude is that anybody who makes money running a casino is not morally qualified.”
  • Warren Buffett says climate change no risk to Berkshire Hathaway

    02/29/2016 7:45:35 AM PST · by rktman · 9 replies
    ft.com ^ | 2/27/2016 | Stephen Foley
    Warren Buffett has dismissed the possibility that climate change could prove a big risk to Berkshire Hathaway’s insurance business, in a combative annual letter to shareholders. In the letter, released on Saturday, Mr Buffett took on a dissident shareholder who plans to raise global warming at Berkshire’s annual meeting next month, as well as critics of the company’s Clayton Homes mobile homes subsidiary and politicians who paint a gloomy picture of the US economy.
  • Buffett Rails Against Presidential Candidates Who Talk Down Economy

    02/27/2016 1:19:00 PM PST · by Hojczyk · 24 replies
    OANN ^ | February 27,2016 | Jennifer Ablan and Jonathan Stempel
    Warren Buffett bemoaned the “negative drumbeat” on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc shareholder letter on Saturday, saying they are misleading Americans into believing their children will be worse off than they are. “It’s an election year, and candidates can’t stop speaking about our country’s problems (which, of course, only they can solve),” Buffett wrote, italicizing “they” for emphasis. As a result of their dour outlook on the U.S. economy, many Americans now believe that their children will not live as prosperously as they themselves do, the 85-year-old Buffett said. “That view is dead...
  • Another Colorado coal mine to undergo federal environmental review

    09/12/2015 7:46:11 AM PDT · by george76 · 9 replies
    Denver Business Journal ^ | Sep 11, 2015 | Cathy Proctor
    A second northwestern Colorado coal mine will undergo a review of the mine's environmental impact following an agreement reached by the federal government, the mine's owners and WildEarth Guardians.. The agreement between the U.S. Department of Interior’s Office of Surface Mining (OSM), Trapper Mining Inc. and WildEarth Guardians was filed Thursday with the U.S. District Court in Denver. The agreement gives the federal government until the end of April to complete a new review of the mine’s operations. ... Our miners must be allowed to keep working to supply Craig Station with the coal that’s needed to supply the grid...
  • Kraft Heinz Cuts 2,500 Jobs After Merger; No More Free Jell-O Either (Warren Buffett greed)

    08/12/2015 7:06:25 AM PDT · by jimbo123 · 20 replies
    NBC News ^ | 8/12/15 | AP
    Kraft Heinz says it is cutting about 2,500 jobs as part of its plan to slash costs after the food companies combined. Spokesman Michael Mullen says affected workers are in the U.S. and Canada and were to be notified in person. About 700 of the cuts were coming in Northfield, Illinois, where Kraft had been headquartered. The company would not specify where other cuts were taking place but said that all the jobs were salaried. It said none of the job cuts involved factory workers. The Kraft Heinz Co. said it had a total of around 46,600 employees before the...
  • WARREN BUFFETT: 'I don't see smiles on the faces of people at Whole Foods'

    05/07/2015 4:36:26 AM PDT · by Hojczyk · 78 replies
    Yahoo Finance ^ | May 6,2015 | Rick Wilking/
    Whole Foods shares are getting crushed after earnings. The company reported record second quarter sales that still were below investors' expectations, and shares were down as much as 10% in after hours trade on Wednesday. This past weekend at the Berkshire Hathaway annual shareholders' meeting this past weekend, CEO Warren Buffett singled out the company, saying that that the customers there simply don't seem like a happy bunch. Here's some more color on what Buffett said, according to Time: "Food and beverage companies will adjust to the expressed preferences of consumers. No company does well ignoring its consumers. "It’s amazing...
  • Thousands Of Layoffs Coming After Buffett Merges Heinz With Kraft, 5th Largest Food Company

    03/25/2015 8:46:35 AM PDT · by SeekAndFind · 20 replies
    Zero Hedge ^ | 03/25/2015 | Tyler Durden
    Another day, another mega-M&A deal taking advantage of abnormally low bond rates, this time however not involving biotechs or a specialty pharma seeking to purchase a debt-free balance sheet, but one involving the Oracle of Omaha himself, and his Heinz investment, which will merge with Kraft Foods whose market cap was over $40 billion this morning on the news of the merger, and create the third largest food and beverage company in the US, and 5th largest in  the world. And while the resulting company will certainly be an unprecedented food giant, one which leaves the US food industry even...
  • Warren Buffett's Massive Railroad Lobby

    11/19/2014 8:07:04 AM PST · by upbeat5 · 41 replies
    Muckety ^ | May 5, 2014 | Laurie Bennett
    What do train whistles and Warren Buffett have in common? If you answered old-fashioned charm, you’re wrong. The Sightline Institute, a Seattle-based think tank, calls the avuncular billionaire “the man behind the exploding trains.” Buffett’s company, Berkshire Hathaway, owns Union Tank Car Company, North America’s largest leaser of tank cars. Berkshire also owns BNSF Railway Company, which moves many of those cars.
  • Hard to swallow? Burger King may move to Canada

    08/25/2014 12:39:26 PM PDT · by Olog-hai · 42 replies
    Associated Press ^ | Aug 25, 2014 3:33 PM EDT | Candice Choi and Michelle Chapman
    Some Burger King customers are finding it hard to swallow that the home of the Whopper could move to Canada. Investors seemed to welcome the announcement by Burger King late Sunday that it was in talks to buy Canadian coffee-and-doughnut chain Tim Hortons and create the world’s third-largest fast-food restaurant company. The news pushed shares of both companies up more than 20 percent. But customers were already voicing their discontent with the 60-year-old hamburger chain because of its plans to relocate its corporate headquarters from Miami to Canada in a deal that could lower its taxes. …
  • Ohio senator: Boycott Burger King

    08/25/2014 11:47:34 AM PDT · by jazusamo · 102 replies
    The Hill ^ | August 25, 2014 | Peter Schroeder
    Sen. Sherrod Brown (D-Ohio) is urging consumers to boycott Burger King over reports that the fast food chain is eyeing a tax-cutting move to Canada. Brown, an outspoken corporate critic, said people hankering for a burger should head to Wendy’s or White Castle, two Ohio-based chains that aren’t looking to shrink their tax bill via a so-called “corporate inversion.” “Burger King’s decision to abandon the United States means consumers should turn to Wendy’s Old Fashioned Hamburgers or White Castle sliders,” he said in a statement. “Burger King has always said ‘Have it Your Way’; well my way is to support...
  • Burger King: 'Enemy of the people' -- Another Case of Giant Tax Inversion

    08/25/2014 8:12:38 AM PDT · by SeekAndFind · 52 replies
    Hotair ^ | 08/25/2014 | Noah Rothman
    Comrades, there are wreckers in our midst. The industrialist reactionaries at Burger King have declared their intention to abandon the struggle and join the ranks of the enemy in rightist Canada. That’s right. The traitorous corporation Burger King plans to take advantage of the fact that America’s English-speaking neighbor to the north maintains the second-lowest corporate tax rate of any G-7 nation. How dare they? “The iconic American fast-food brand is in talks to buy coffee-and-donuts chain Tim Hortons and move its headquarters to Canada,” Forbes reported. If concluded, this deal would create the world’s third-largest restaurant company and allow...
  • How Warren Buffett Milks Consumers & Taxpayers Through Wind Energy

    05/28/2014 10:45:21 AM PDT · by george76 · 9 replies
    NLPC ^ | 05/21/2014 | Fred N. Sauer
    wind energy is highly inefficient and requires additional transmission lines and back-up gas generators when the wind doesn't blow. Yet, windmills keep getting built, thanks to government subsidies. But it is very hard to trace these subsidies. Vague statements about "tax credits" and "mandates" give no hint of the magnitude of returns that these subsidies provide to crony windmillers. Indeed, in the Carnahan Special Report, we had to burrow into financial statements of a foreign company and its subsidiary to understand where all the money was going. The principal information was buried in an arcane note to these financial statements....
  • Buffett reassures investors on his firm’s future

    05/03/2014 1:00:23 PM PDT · by Olog-hai · 2 replies
    Associated Press ^ | May 3, 2014 2:41 PM EDT
    Billionaire Warren Buffett says he remains confident in his company’s prospects even though he recommended in his will that most of his wife’s inheritance be invested in an S&P 500 index fund. […] Buffett says his plan for his wife’s inheritance is designed to provide peace of mind, not generate growth. …
  • Online newspaper Alaska Dispatch buys Anchorage Daily News for $34 million

    04/16/2014 6:47:00 PM PDT · by george76 · 4 replies
    ap ^ | April 8, 2014 | MARK THIESSEN
    Alaska Dispatch Publishing LLC, the parent company of the online newspaper the Alaska Dispatch, will purchase the Anchorage Daily News from The McClatchy Co. for $34 million. The sale is expected to close in May. ... Billionaire Warren Buffett's company, Berkshire Hathaway, owns 31 small- and medium-sized daily newspapers. It has bought most of those newspapers since 2011 at bargain prices. Including weekly papers and other publications, Berkshire owns 70 newspapers.
  • New owners offer buyouts to Pittsburgh Heinz staff

    04/15/2014 4:00:05 PM PDT · by Olog-hai · 18 replies
    Associated Press ^ | Apr. 15, 2014 12:23 PM ET
    The new owners of H.J. Heinz Co. have offered buyouts to all workers in Pittsburgh, where the ketchup-and-food giant has been based for decades, but insist the offer doesn’t signal a plan to move the company’s headquarters. Instead, Heinz officials said the buyout is being offered because the new owners Berkshire Hathaway and Brazilian investment firm 3G Capital recognize the company’s new culture might not be “the perfect fit” for longtime Pittsburgh-based employees. Heinz officials said any workers who quit will be replaced, leaving the company with the same number of workers in Pittsburgh. …
  • Warren Buffet's Berkshire Hathaway posts record profit in 2013

    03/01/2014 5:51:18 AM PST · by SeekAndFind · 11 replies
    Reuters ^ | 03/01/2014
    Warren Buffett's conglomerate Berkshire Hathaway posted a record profit in 2013, jumping 31 percent over the previous year, the company said in its annual report, released on Saturday. Profit for the full year rose to $19.5 billion from $14.8 billion in 2012. Net income rose to $4.99 billion in the fourth quarter, or $3,035 per Class A share, from $4.55 billion, or $2,757 per share, a year earlier.