Buffett Utility Looks to Beat Tax Expiration

NV Energy, Berkshire Hathaway’s utility company in Nevada, has chosen the double down on its efforts so that it can boost its generation of renewable energy sources as a way to ensure that its projects will continue to qualify for the offered tax incentives. Just this week they announced that they are looking for bids …

Continue reading ‘Buffett Utility Looks to Beat Tax Expiration’ »

Biggest Berkshire Hathaway Threats this Year

Berkshire Hathaway, founded by Warren Buffett, is currently sitting at its all-time high, and within intraday trading, the Class B shares have even traded higher than $152 per share. But will the large drop in oil prices have an effect on the Class A and Class B shares? After all, the Berkshire Hathaway portfolio currently …

Continue reading ‘Biggest Berkshire Hathaway Threats this Year’ »

Energy Units, Insurance, Aid Third Quarter Berkshire Hathaway Earnings

During the third quarter of 2014, Berkshire Hathaway reported operating earnings of $1.91 per share, which is much farther ahead of the Zacks consensus estimate of $1.70 per share. When compared to the same quarter one year ago, earnings are favorable at the prior $1.49 per share. Growth in earnings was primarily from the insurance …

Continue reading ‘Energy Units, Insurance, Aid Third Quarter Berkshire Hathaway Earnings’ »

Berkshire Hathaway Profits Soar By 41% and Break Previous Records

This past Friday, Berkshire Hathaway provided its second-quarter earnings report and profits soared by 41% to reach a record high. This reflects substantial gains in investments, plus improved manufacturing, retail and service business results. “It’s clear that Warren Buffett’s bet on the US economy is paying off,” said Michael Yoshikami, the president of Destination Wealth …

Continue reading ‘Berkshire Hathaway Profits Soar By 41% and Break Previous Records’ »

Buffett & Berkshire Could Soon Own The Largest Energy Company

Berkshire Hathaway and Warren Buffett have agreed to acquire NV Energy in early 2014. Sen. Harry Reid is excited to help. There’s no question that Warren Buffett – billionaire investor – is currently seeing dollar signs in Nevada. Buffett and company just offered $10 billion to acquire NV Energy, Inc. The deal will essentially create …

Continue reading ‘Buffett & Berkshire Could Soon Own The Largest Energy Company’ »

Unit of Berkshire Hathaway to Buy NV Energy

A Berkshire Hathaway unit has committed to purchase NV Energy Inc., as part of a deal that values the utility company based out of Nevada at $5.59 billion. The current deal in progress has an enterprise value worth about $10 billion, said each company. Representatives from both companies did not have anyone immediately available to …

Continue reading ‘Unit of Berkshire Hathaway to Buy NV Energy’ »