All Posts Tagged With: "BRKA"
(BRKA) Berkshire Hathaway’s Buffett Adds Hometown Newspaper
On Wednesday, Warren Buffett, the Chairman and CEO of Berkshire Hathaway Inc. (BRKA) (BRKB), announced an acquisition to buy The Omaha World-Herald Company, publisher of Nebraska’s principal daily newspaper. The deal would add the World-Herald, six other daily newspapers and...
2Dec2011 | vitalstocks | 0 comments | Continued(DELL) U.S. Retail Sales Disappoint
Europe remains in the headlines, with rating downgrades for two major French banks due to their Greek exposure. But the overall tone of Europe-centric headlines has improved as the Germans have started to back-peddle from some of their tougher statements. It may be a tad calmer...
20Sep2011 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway Closes Lubrizol Acquisition
Berkshire Hathaway Inc. (BRKA) (BRKB) has completed the timely acquisition of The Lubrizol Corp., a chemical company headquartered in Ohio. The acquisition will cost the company $9.7 billion, at $135 per share. The purchase consideration includes $0.7 billion of the acquired...
20Sep2011 | vitalstocks | 0 comments | Continued(BAC) Company News for August 26, 2011 – Corporate Summary
• Hormel Foods (NYSE:HRL) reported Q3 EPS of $0.37, beating the Zacks Consensus Estimate of $0.35. Revenues for the quarter rose 10.4% to $1.91 billion, exceeding the Zacks Consensus Estimate of $1.881 billion • Compass Diversified Holdings (NASDAQ:CODI) said...
26Aug2011 | vitalstocks | 0 comments | Continued(AGII) Company News for August 9, 2011 – Corporate Summary
• Share prices of America’s biggest bank, Bank of America Corp. (NYSE:BAC) fell 20.32% after a report in the New York Times said that American International Group, Inc. (NYSE:AIG) has filed a suit against the bank to recover more than $10 billion in losses due to...
9Aug2011 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway’s Buffett Closes Wesco Deal
Last Friday, Berkshire Hathaway Inc. (BRKA)(BRKB) chairman and chief executive officer Warren Buffett announced that the company had successfully acquired the remaining 20% of Wesco Financial Corp., a company run and controlled by Berkshire’s vice-chairman Charles T. Munger. Wesco...
27Jun2011 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway Cuts Wesco Financial Offer
Yesterday, Warren Buffett, the chairman and chief executive officer of conglomerate Berkshire Hathaway Inc. (BRKA) (BRKB) renegotiated the offering price to Wesco Financial Corp. (WSC) at $385.00 per share in cash. This is the third time that the price has been adjusted. In February...
26Jun2011 | vitalstocks | 0 comments | Continued(L) Loews Analyst Maintains Neutral on Shares
We are retaining our Neutral rating on Loews Corporation (L), as the company’s performance was weighed down by Lower earnings at Diamond Offshore reflecting reduced day rates and utilization coupled with slightly lower earnings at CNA Financial Corporation. Loews Corporation...
16Jun2011 | vitalstocks | 0 comments | Continued(ALL) Allstate Boosts Online Insurance
In an attempt to expand its online home-auto sales, on Wednesday, Allstate Corp. (ALL) announced the acquisition of Ensurance and Answer Financial from White Mountains Insurance Group Ltd. (WTM) for approximately $1.0 billion. The deal was valued at $700 million along with the...
24May2011 | vitalstocks | 0 comments | Continued(ALL) Allstate Quarterly Earnings Rock on Low Catastrophe Losses
Allstate Corporation’s (ALL) first quarter operating earnings of 93 cents per share came in substantially ahead of the Zacks Consensus Estimate of 68 cents and 69 cents per share recorded in the year-ago quarter. Results for the quarter improved primarily due to reduction in...
29Apr2011 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group First Quarter 2011 Earnings Preview
The Goldman Sachs Group Inc. (GS) is scheduled to report its first-quarter 2011 results before the market opens on Tuesday, April 19. The Zacks Consensus Estimate for the first quarter is 75 cents per share, representing a decline of about 86.58% from the year-ago quarter. We...
14Apr2011 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Doubles CEO Compensation Package
Goldman Sachs Group Inc.’s (GS) Chairman and Chief Executive Officer (CEO) Mr. Lloyd C. Blankfein’s total compensation, including a cash bonus, had been raised to $19 million in 2010, according to a regulatory filing on Friday. Blankfein’s pay package includes salary of...
9Apr2011 | vitalstocks | 0 comments | Continued(L) Loews Analyst Maintains Neutral on Shares
We are retaining our Neutral rating on Loews Corporation (L), as higher net investment income from limited partnerships, coupled with favorable net prior year development at CNA and improved results from the company’s trading portfolio were offset by net investment losses and...
28Mar2011 | vitalstocks | 0 comments | Continued(ALL) Allstate Quarterly Earnings Fail to Meet Analyst Forecast
Allstate Corporation’s (ALL) fourth quarter operating earnings of 50 cents per share came in dramatically behind the Zacks Consensus Estimate of 86 cents and $1.09 per share recorded in the year-ago quarter. Results for the quarter deteriorated primarily due to high catastrophe...
10Feb2011 | vitalstocks | 0 comments | Continued(AOL) Stock Market News for Feb 08, 2011 – Market News
Strong earnings results, a flurry of merger and acquisition news and signs of normal economic activity in Egypt helped the markets to move up higher on Monday. The Dow Jones Industrial Average gained 0.57% to end at 12,161.55. The S&P 500 moved up 0.62%, or 8.18 points,...
8Feb2011 | vitalstocks | 0 comments | Continued(ALL) Allstate Ratings Affirmed by A.M. Best
Yesterday, A.M. Best Co. affirmed the credit and debt ratings of Allstate Corp. (ALL) and its subsidiaries namely, Allstate Insurance Group, Allstate Financial and Allstate Life Insurance Co. The rating agency has affirmed issuer credit ratings (ICR) of “a-” and debt ratings...
19Dec2010 | vitalstocks | 0 comments | Continued(AA) Stock Market News for October 26, 2010 – Market News
U.S. stocks rose to their highest level since April amid renewed hopes that the Fed would soon initiate steps to stimulate economic growth. A jump in commodity prices, aided by a falling dollar, also helped push stocks higher and the blue-chip Dow average closed at its highest...
26Oct2010 | vitalstocks | 0 comments | Continued(L) Loews Analyst Upgrades Shares to Neutral
We are upgrading our recommendation on the shares of Loews Corp. (L) to “Neutral” from “Underperform” in view of our expectations of improved earnings from its CNA Financial segment, going forward. Recently, CNA Financial announced an agreement to transfer its legacy...
13Oct2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for September 15, 2010 – Corporate Summary
• MasterCard’s (NYSE:MA) board approved repurchase of up to $1 billion of its Class A common shares • Needham & Co. maintained its “buy” rating on Varian Semiconductor (NASDAQ:VSEA), but lowered the price target to $32 from $35 • Citigroup (NYSE:C)...
16Sep2010 | vitalstocks | 0 comments | Continued(AAPL) Company News for September 15, 2010 – Corporate Summary
• MasterCard’s (NYSE:MA) board approved repurchase of up to $1 billion of its Class A common shares • Needham & Co. maintained its “buy” rating on Varian Semiconductor (NASDAQ:VSEA), but lowered the price target to $32 from $35 • Citigroup (NYSE:C)...
16Sep2010 | vitalstocks | 0 comments | Continued(WSC) Berkshire Hathaway Buys 20% of Munger’s Wesco Financial Corporation
Yesterday, Waren Buffett, the chairman and CEO of Berkshire Hathaway Inc. (BRKA, BRKB) announced its intention to buy 20% of Wesco Financial Corp. (WSC), a company run and controlled by Charles T. Munger. Following approval by shareholders’ of both the companies, the Wesco...
28Aug2010 | vitalstocks | 0 comments | Continued(BRKA) U.S. Rail Industry Outlook – June 2010 – Industry Outlook
Along with all other industries in the U.S., railroads also suffered during the economic downturn. Freight rail is a “derived demand” industry — demand for the rail service is tied with demand for the products that the railroads haul. Rail traffic, therefore, acts...
15Jun2010 | vitalstocks | 0 comments | Continued(BRKA) L.B. Foster Company – Reparing America’s Infrastructure
In our opinion, had Mr. Obama spent the past year repairing America’s holes by getting Americans back to work instead of using all of his political capital to get the health care bill passed, we think the American economy would be much further along the road to recovery...
18Apr2010 | Wax | 0 comments | Continued(FNM) U.S. Existing Home Sales Slip Slightly
Existing home sales fell by 0.6% (seasonally adjusted annual rate) to 5.02 million from a 5.05 million rate in January. This was just 7.0% above the extremely depressed rate of a year ago. However, it was slightly better than the consensus expectations of a 5.00 million rate. Existing...
27Mar2010 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway Rating is Cut on Debt Issue
Last week, Berkshire Hathaway Inc. (BRKA), (BRKB) announced the issue of $8 billion notes in connection with the previously announced acquisition of Burlington Northern Santa Fe Corporation, or BNSF (BNI). Following this announcement, rating agency Standard & Poor’s (S&P)...
8Feb2010 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway to Replace Burlington Northern Santa Fe in S&P 500
Yesterday, Standard and Poor’s (S&P) announced that it will be adding Berkshire Hathaway (BRKA), (BRKB) in place of Burlington Northern Santa Fe Corp. (BNI) in its S&P 500 index. This move by S&P comes after Berkshire last week announced a 50-for-1 split of its...
27Jan2010 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway’s Finance Subsidiary to Issue $1 Billion in Notes
Yesterday, Berkshire Hathaway Finance Corporation, a subsidiary of Berkshire Hathaway Inc. (BRKA) (BRKB) announced the issue of $1.0 billion notes, out of which $750 million will be senior notes due 2040 and $250 million will be floating rate senior notes due 2012. The $750 million...
8Jan2010 | vitalstocks | 0 comments | Continued(BRKA) Warren Buffet’s Berkshire Hathaway Cuts Jobs
Year to date, Warren Buffet’s Berkshire Hathaway Inc. (BRKA) – a conglomerate of 77 operating companies – has shed approximately 8.6% of its workforce. A number of Berkshire subsidiaries have announced job cuts affected by the weakening economy. Netjets, the unprofitable...
28Dec2009 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway’s Buffett Sets Date to Split Shares
On December 4, Berkshire Hathaway Inc. (BRKA), (BRKB) announced that it will consider its share splitting decision by shareholders vote in its special meeting on Jan 20, 2010. Warren Buffett, who had previously not considered splitting its Class A or Class B shares is now considering...
7Dec2009 | vitalstocks | 0 comments | Continued(BRKA) Berkshire Hathaway Borrows for Burlington Northern Santa Fe Acquisition
Warren Buffett, the CEO and Chairman of Berkshire Hathaway (BRKA)/(BRKB), announced on Thursday to borrow $8 billion of loan for the acquisition of Burlington Northern Santa Fe Corporation (BNI). Berkshire Hathaway, which already owns a 22% stake in Burlington Northern, announced...
20Nov2009 | vitalstocks | 0 comments | Continued