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Buffett takes stage at Berkshire meeting, pays tribute to Munger, cuts Apple stake

By Jonathan Stempel and Koh Gui Qing OMAHA, Nebraska (Reuters) -Warren Buffett took the stage at Berkshire Hathaway’s annual meeting on Saturday, paying tribute to his longtime business partner Charlie Munger while outlining the expanded roles of the executives who are designated to eventually succeed him in leading the company. The meeting is the 60th…
United States Hong Kong Scott Morgan Jonathan Stempel Davide Barbuscia Greg Abel

Warren Buffett: Berkshire shareholders descend as Buffett hosts 60th Omaha meeting, cuts Apple stake, ET Telecom

Warren Buffett: Ahead of the meeting, Berkshire reported first-quarter earnings that showed that its cash pile swelled to $189 billion as of March 31 while the size of its stake in Apple fell. Based on changes in Apples stock price, Berkshire appeared to have sold 13% of its Apple shares in the quarter.
United States Hong Kong Ruth Gearhart Scott Morganby Jonathan Stempel Ajit Jain Tim Cook

Berkshire exec calls wildfire claims against utility 'unfounded'

Berkshire Hathaway, the conglomerate led by Warren Buffett, will fight all lawsuits brought against its utility business due to wildfires as the cases are "unfounded," a top executive said on Saturday. Greg Abel, who is widely recognised as Buffett's successor and the future Berkshire chief executive, said at Berkshire's annual shareholding meeting that "all the litigation will be challenged" in relation to PacifiCorp [PPWLO.PK].
United States Nick Zieminski Warren Buffett Greg Abel Berkshire Hathaway Koh Gui Qing
Source: yahoo.com

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