Buffett Cuts Oil Investments

The energy industry learned about the gloomy side of Warren Buffett during the second quarter of 2014. The billionaire investor, currently heading up the $200,000 per-share Berkshire Hathaway, sold off a large majority of his stake in ConocoPhillips, based out of Houston. He also sent back some of the shares of National Oilwell Varco and …

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Berkshire Takes Stake in Starz, Chicago Bridge & Iron

On Wednesday, Berkshire Hathaway revealed that it has taken up new investments in Starz and Chicago Bridge & Iron Co. They also decided to sell off some of their shares of Mondelez International Inc., a snack food maker. There were a number of other adjustments made to the $85 billion US stock portfolio of Berkshire …

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