Warren Buffett News: Berkshire Hathaway Inc (BRK.A) Adds 17,000 to Payroll as Buffett Extends Reach

Berkshire Adds 17,000 to Payroll as Buffett Extends Reach (Bloomberg)
Berkshire Hathaway Inc. (NYSE:BRK.A) added about 17,000 employees since the end of 2011 as Chairman and Chief Executive Officer Warren Buffett expanded manufacturing, media, insurance and retail operations. Berkshire and its more than 70 operating subsidiaries have about 288,000 workers, the Omaha, Nebraska-based firm said yesterday in a regulatory filing. That’s 6.3 percent higher than the 270,858 disclosed in the 2011 annual report. Buffett’s willingness to invest in a variety of industries has reduced Berkshire’s reliance on insurance operations and made the firm one of the largest U.S. employers. Companies that primarily sell insurance, such as The Travelers Companies, Inc. (NYSE:TRV) and The Chubb Corporation (NYSE:CB), have trimmed staff in the five years through the end of 2011 as they returned capital to shareholders. Berkshire pays no dividend and went decades without buying back shares.

BERKSHIRE HATHAWAYIs Buffett’s Elephant Gun Ready to Fire? (Fool)
In this video, Foolish financial analyst Matt Koppenheffer reviews a recent Wall Street Journal article indicating that Warren Buffett’s Berkshire Hathaway (NYSE: BRK-A ) (NYSE: BRK-B ) was in discussions to buy NYSE Euronext. While Berkshire may have backed away from this particular deal, Matt believes it is indicative of Buffett’s intention to make one or more major acquisitions in the days to come. Warren Buffett’s long track record of success has made him one of the best investors of all time. With the Buffett at the helm, Berkshire Hathaway has grown book value per share at a compounded annual rate of 19.8% for nearly 50 years! Despite an incredible historical track record, investors have to understand the key issues to watch moving forward. To help investors, the Fool’s resident Berkshire Hathaway expert Joe Magyer has created this premium research report on the company. Inside, you’ll receive ongoing updates as key news hits, as well as reasons to both buy and sell the stock.

Buffett’s Berkshire Said to Plan Four-Part Bond Offering to Refinance Debt (MoneyNews)
Warren Buffett’s Berkshire Hathaway Inc. plans to sell benchmark bonds in four parts to pay down debt due next month. Berkshire, which its 82-year-old chairman built into a $242 billion company with takeovers and stock picks, plans to issue three-, five-, 10- and 30-year debt as soon as Tuesday, according to a person with knowledge of the offering. Proceeds from the deal will repay $1.2 billion of floating-rate notes and $1.4 billion of 2.125 percent fixed-rate securities, both due Feb. 11, said the person, who asked not to be identified because terms aren’t set.

Berkshire Hathaway, CME Eyed NYSE Deals (WSJ)
Warren Buffett, the billionaire investor who has said he wouldn’t care if the stock market closed down for years, made a bid late last year for the iconic New York Stock Exchange. Mr. Buffett’s Berkshire Hathaway Inc. BRKB +0.12% participated in discussions to purchase NYSE Euronext, NYX +0.80% owner of the Big Board, according to people familiar with the talks. Ultimately, the two sides didn’t agree on price, one of the people said. In December, NYSE Euronext instead announced an agreement to sell itself to IntercontinentalExchange Inc., ICE +1.21% or ICE, for $8.2 billion.

Buffett company buys Prudential Gaslight Realtors in Blue Springs (KansasCity)
One of Warren Buffett’s affiliated companies, HomeServices of America Inc., has acquired Prudential Gaslight Realtors in Blue Springs to expand in Kansas and Missouri. The acquisition, which was completed at the end of 2012, was formally announced Monday. The terms of the purchase were not disclosed. Prudential Gaslight, which was started in 1965, has been renamed Prudential KC Realty, Minneapolis-based HomeServices said. It has about 25 brokers and serves a large territory that includes eastern Jackson County.

Howard Buffett gift sends photojournalists globetrotting (JournalStar)
In 2007, the Howard G. Buffett Foundation announced a $730,000 endowed gift to the University of Nebraska-Lincoln College of Journalism and Mass Communications to send aspiring photojournalists across the globe to capture images of human need. Renowned photographers Joel Sartore and Thomas Mangelsen added $10,000 each, and another $250,000 came from university-owned private funds to offer enticing, meaningful opportunities to photo-focused students. Buffett, himself a lifelong photographer and son of Omaha billionaire Warren Buffett, challenged students to come back with images that can help push for foreign-policy changes.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!