berkshire hathaway inc-cl b (BRK/B) Key Developments
International Dairy Queen and Berkshire Hathaway Open New Restaurant in Brooklyn, New York
Aug 31 15
International Dairy Queen Inc. and Berkshire Hathaway company have announced the opening of the DQ Grill & Chill restaurant in Brooklyn, located at 27 Graham Avenue. The 2,300 square-foot DQ Grill & Chill restaurant in Brooklyn seats 56 Fans. The restaurant has added more than 50 new jobs, contributing to Brooklyn's employment growth. The Dairy Queen system has targeted New York City for future development as part of an overall growth plan to expand in top US markets, bringing the iconic brand to fans that don't yet have restaurants in their community.
Berkshire Dismisses Mondelez Talk
Aug 12 15
Berkshire Hathaway Inc. (NYSE:BRK.A) has dismissed speculation that the company will be purchasing Mondelez International, Inc. (NasdaqGS:MDLZ)
Berkshire Hathaway Reports Earnings Results for the Second Quarter of 2015
Aug 7 15
Berkshire Hathaway reported earnings results for the second quarter of 2015. The company reported a 37% drop in its second-quarter profit as the paper value of its investments fell and its insurance companies reported an underwriting loss. The company's net income fell to $4.01 billion, or $2,442 per Class A share. That's down from last year's $6.4 billion, or $3,889 per share. Revenue grew 3% to $51.4 billion. The company reported per share profit of $2,367, down from $2,634. Operating profit dropped well below analysts' forecasts, declining 10% to $3.89 billion, or $2,367 per share, from $4.33 billion, or $2,634 per share, despite improvements at the BNSF railroad and Berkshire Hathaway Energy units. Book value per share, Buffett's preferred measure of growth, rose 2% from the end of March to $149,735. Profit fell 37%, reflecting a significant decline in investment gains and an underwriting loss from insurance operations, which include Geico.
Insurance Australia Group Limited, Berkshire Hathaway Inc. - Special Call
Jun 16 15
To form strategic relationship with Berkshire Hathaway
Berkshire Hathaway Seeks Acquisitions In Australia
Jun 16 15
Berkshire Hathaway Inc. is planning to acquire stake in Australian companies. Berkshire Hathaway is interested in buying an equity stake in at least one of the banks. Warren Buffett said that the stream of Australian dollars that will be generated from the $500 million deal with Insurance Australia Group will be used to make further investments in the Australian equity market. Warren Buffett told Fairfax Media "If you come back in two or three years, you will find we have got four or five Australian equities".