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Tag Archives: Berkshire Hathaway

Buffett’s firm buys nearly 1 million more Phillips 66 shares

Berkshire Hathaway, Phillips 66

OMAHA, Neb. (AP) — Warren Buffett’s company has bought nearly 1 million more shares of oil refiner Phillips 66. Berkshire Hathaway said in a regulatory filing that it owned 80.67 million Phillips 66 shares after the latest purchases this week. Berkshire now controls 15.4 percent of Phillips 66 stock. Berkshire has been investing in Houston-based Phillips 66 since 2012. After ...

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Buffett’s company buys more Phillips 66 shares

Berkshire Hathaway, Phillips 66

OMAHA, Neb. (AP) — Warren Buffett’s company now controls more than 15 percent of Phillips 66 stock after buying another 414,065 shares of the oil refiner this week. Berkshire Hathaway disclosed the latest purchases in a filing with the Securities and Exchange Commission on Wednesday. Berkshire now owns about 79.5 million shares of Phillips 66, which represents 15.2 percent of ...

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Berkshire Hathaway 4th-quarter profit up 32 percent

Berkshire Hathaway CEO and Chairman Warren Buffett. (Image: Fortune Live Media via Flickr)

OMAHA, Neb. (AP) — Berkshire Hathaway reported a 32 percent jump in fourth-quarter earnings on Saturday, as its eclectic collection of subsidiaries mostly performed well. The conglomerate based in Omaha, Nebraska, that Warren Buffett leads earned $5.48 billion, or $3,333 per Class A share. That’s up from $4.16 billion, or $2,529 per Class A share, a year earlier. The three ...

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Buffett says US economy weaker than he expected but growing

Warren Buffet Berkshire Hathaway

OMAHA, Neb. (AP) — Billionaire Warren Buffett says the U.S. economy appears weaker than he thought it would be as recently as last fall, but that doesn’t change his optimistic long-term view of the country’s prospects. Buffett appeared on CNBC Monday after releasing his annual letter to Berkshire Hathaway shareholders over the weekend. Buffett says the collapse in oil prices ...

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Berkshire Hathaway betting big on Phillips 66

Berkshire Hathaway betting big on Phillips 66

Berkshire Hathaway increased its stake in Houston-based Phillips 66. Since the start of February, the company has purchased about 1.7 million Phillips 66 shares for almost $132 million, according to CNBC. This year, the Warren Buffet-led conglomerate has added a total of 12.5 million shares in Phillips 66. Total costs add up to $964 million. Shares were purchased between $77.40 ...

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Buffett’s firm buys another 1.6 million Phillips 66 shares

OMAHA, Neb. — Berkshire Hathaway is continuing this month string of Phillips 66 stock purchases, and Warren Buffett’s conglomerate now controls 12.9 percent of the oil refiner. Berkshire filed documents with the Securities and Exchange Commission on Friday that disclosed purchases of another 1.6 million Phillips 66 shares. Buffett’s company has now bought nearly 7.5 million shares of Phillips 66 ...

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Berkshire Hathaway buys 759,295 more Phillips 66 shares

OMAHA, Neb. — Warren Buffett’s company has added to its stake in Phillips 66 and now owns nearly 12 percent of the oil refiners stock. Berkshire Hathaway said in documents filed with the Securities and Exchange Commission that it bought 759,295 Phillips 66 shares last Wednesday. Buffett said last fall that Berkshire was investing in the company because he likes ...

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U.S. Steel sued by real estate firm

A real estate firm hired by U.S. Steel to sell a company-owned condominium in tony Ligonier is suing the struggling Pittsburgh steel producer after it refused to accept two all-cash bids well in excess of the list price. Berkshire Hathaway HomeServices is seeking the $31,800 commission it would have earned if U.S. Steel had accepted the top bidder’s offer of ...

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Plant in Leetsdale blaze blends chemicals for Marcellus shale industry

The oil and gas chemical processor that caught fire Tuesday in Leetsdale was part of a $750 million acquisition by a subsidiary of Warren Buffett’s Berkshire Hathaway. Ohio-based Lubrizol Corp. bought the facility in December from Weatherford International to start an oilfield services unit that makes chemical treatments for wells and additives used during drilling and hydraulic fracturing in shale ...

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NV Energy CEO addresses plans for $1 billion power plant

After his company faced criticism for proposing to build a $1 billion power plant, NV Energy CEO Paul Caudill outlined the near-future plans on the 706-megawatt project, according to testimony he filed with the Public Utilities Commission. “Let me be clear, NV Energy has not requested permission to build a new natural-gas-fired generating plant in 2020,” he said. The company ...

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