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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

Berkshire pares huge Apple stake as cash, operating profit set records

By Jonathan Stempel OMAHA, Neb. (Reuters) – Berkshire Hathaway significantly reduced its enormous stake in Apple in the first quarter, as Warren Buffett’s conglomerate let its cash hoard swell to a record $189 billion. Buffett’s company also posted a record operating profit exceeding $11 billion, as its insurance operations benefited from improved underwriting and higher…
United States Warren Buffett Jonathan Stempel Dairy Queen Berkshire Hathaway Energy Berkshire Hathaway

Berkshire shareholders reject climate, diversity, China proposals

Berkshire Hathaway Inc shareholders on Saturday overwhelmingly rejected six proposals addressing environmental and social policy issues at Warren Buffett's conglomerate, all of which the billionaire investor and his board opposed. By margins of more than 4-to-1, shareholders at Berkshire's annual meeting voted against two proposals that the company's insurance and energy operations disclose more about their efforts to address climate change including greenhouse gas emissions. Th...
United States Warren Buffett Jonathan Stempel Cynthia Osterman Berkshire Hathaway Inc Hathaway Inc
Source: yahoo.com

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Buffett says Berkshire is in good hands, lauds Apple despite trimming stake

OMAHA, Nebraska (Reuters) -Warren Buffett assured Berkshire Hathaway shareholders on Saturday that the executives expected to succeed him were ready for the job, and he heaped praise on Apple although Berkshire trimmed its position in the iPhone maker. Speaking at Berkshire’s annual meeting, the legendary investor paid tribute to his late business partner Charlie Munger and said he expected the conglomerate’s cash pile, now a record $189 billion, to keep growing. The meeting was ...
United States Hong Kong Ted Weschler Jonathan Stempel Todd Combs Jason Neely
Source: yahoo.com

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