Berkshire Hathaway

Berkshire Hathaway is controlled by Warren Buffett, who is chairman and chief executive of the company which owns a range of companies, including GEICO and NetJets, a substantial stake in Heinz, and has stakes in American Express, Procter & Gamble and IBM. The company is noted for outperforming the stock market under the leadership of Buffett, a value investor.

Berkshire set for next phase after 50 years of runaway growth

Warren Buffett expects his successor will be better than him at running Berkshire Hathaway. Photo: Reuters

In his 50 years at the helm of Berkshire Hathaway, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of corporate America.

Monday, 2 March, 2015, 12:08am

Warren Buffett's Berkshire Hathaway buys US$3.5 billion of ExxonMobil shares

'Exxon is a good flight-to-quality stock,' said Fadel Gheit, senior oil analyst at Oppenheimer & Co. Photo: Reuters

Warren Buffett’s Berkshire Hathaway disclosed on Thursday a new US$3.45 billion stake in ExxonMobil, after buying 40.1 million shares in the world’s largest publicly traded oil company.

Although the investment represents less than 1 per cent of Exxon’s shares, it signals Buffett’s approval of one of the world’s largest and most profitable companies.

15 Nov 2013 - 11:51am

Buffett pays US$5.6b for Vegas utility

MidAmerican Energy Holdings, which is controlled by billionaire investor Warren Buffett will pay US$5.6 billion for NV Energy. Photo: AP

A Berkshire Hathaway unit will pay US$5.6 billion (HK$43.5 billion) for NV Energy, the electric utility serving Las Vegas and its power-hungry casinos, in yet another large energy deal for Warren Buffett in the western United States.

30 May 2013 - 1:28pm

China approves Warren Buffett's Heinz buy

Berkshire Hathaway and 3G Capital are pure investment firms, with little or no direct involvement in the food sectors where Heinz makes most of its money. Photo: Reuters

After repeatedly criticising China's anti-monopoly regulator for its slowness in approving global M&A, I finally have to congratulate the Chinese Commerce Ministry for improving its record with the relatively fast approval of a major deal.

27 May 2013 - 11:20am

Buffettising friends is part of the star investor's brand

Warren Buffett's reputation gives him particularly attractive deals, such as the Goldman Sachs investment in 2008. Photo: Bloomberg

Given his cult-like following, critiquing Warren Buffett's investment approach takes a pinch of courage and a pound of stupidity. But that has never stopped me before … and it is a good time to look at Berkshire Hathaway, given that it held its annual general meeting earlier this month.

20 May 2013 - 3:45pm

US billionaire Warren Buffet optimistic on stocks

US billionaire investor Warren Buffett says he’s optimistic stock prices will continue to rise. Photo: AP

US billionaire Warren Buffet said the US economy is moving in the right direction and praised the policies of both president George W. Bush and Barack Obama as “the right things,” in an interview that aired late on Sunday.

6 May 2013 - 10:25am

BYD raises cash, junks traditional cars

A model poses next to a BYD S7 SUV on media day at the Shanghai auto show on April 20, 2013. Photo: AFP

Warren Buffett has remained faithful to Chinese car maker BYD, refusing to change his 10 per cent holdings in the company despite a rapid tumble as its bet on electric vehicles fails to take off.

22 Apr 2013 - 11:06am

Swiss Re to accept US$610m to end dispute with Warren Buffett

Warren Buffett’s Berkshire Hathaway has reached a settlement with Swiss Re. Photo: Reuters

Swiss Re, one of the world’s biggest insurers, on Thursday said it had settled a dispute with billionaire Warren Buffett’s Berkshire Hathaway over a 2010 life retrocession deal, and would accept a settlement of US$610 million (HK$4.7 billion) from the US company.

28 Mar 2013 - 3:23pm

Warren Buffett's son Howard gets ready for lead role

Warren Buffett, chairman of Berkshire Hathaway Inc. Photo: Bloomberg

Howard Buffett said following his billionaire father, Warren, as chairman of Berkshire Hathaway would require upholding practices that have been prized for decades as the company grew to US$240 billion in market value.

9 Feb 2013 - 4:51am

Boss trumpets career success

Albert Ellis, CEO of Harvey Nash, a top executive search, recruitment and outsourcing group with 40 offices worldwide, was a professional trumpet player for four years before going to the University of the Witwatersand in South Africa.

15 Aug 2012 - 11:23pm

PetroChina invests in Qatar natural gas project

PetroChina has agreed to acquire a 40 per cent interest in an oil and gas exploration project in Qatar, the latest in a string of overseas investment deals by Chinese state-backed oil and gas companies.

27 Jul 2012 - 12:00am

Amex trio take a bow

Always seeking to improve her sales skills and exceed customer expectations, Anthea Chau Wing-sze, an American Express premium products account manager, seized on a chance to provide an on-the-spot consultation when she met one of her customers at a wedding expo.

29 Jun 2012 - 12:00am

Premium chance to keep Amex customers satisfied

Lifestyle consultants and travel professionals Amex Membership Travel Services (MTS)

Lifestyle consultants, and those with experience of the travel industry or servicing premium customers, will find a rewarding career with Membership Travel Services (MTS) at American Express.

2 Jun 2012 - 12:00am

Customer satisfaction at a premium

Working for a financial institution has many advantages. Apart from becoming a banker or a financial planner, there are many different positions that need to be filled.

27 Apr 2012 - 12:00am

Kunlun seeks cash for LNG boost

Kunlun Energy, the gas distribution arm of China's largest oil and gas producer, PetroChina, saw its share price fall 3.1 per cent yesterday after the concern announced it would raise HK$10.48 billion to fund its liquefied natural gas (LNG) projects.

4 Apr 2012 - 12:00am