Berkshire

Western States Battle Over Legislation as Berkshire Hathaway Seeks Wildfire Liability Shields for Utilities

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As multiple western states grapple with the escalating frequency and ferocity of wildfires, a major corporate player, Berkshire Hathaway, has been aggressively promoting legislation that could reshape the financial landscape of disaster accountability. Operating through its subsidiary PacifiCorp, which services several states, Berkshire Hathaway seeks to limit its financial liability and streamline its defense mechanism in wildfire-related court cases. The company’s strategic legislative push focuses on reducing potential payouts to wildfire victims and capping the liability if its utility equipment sparks a blaze. This move has stirred a rapid and robust response from various quarters, … Read more

Warren Buffett’s Berkshire Hathaway Sells Nearly $1 Billion in Bank of America Shares, Boosting Cash Reserves Amid Major Stock Movements

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Omaha, Nebraska – Warren Buffett’s Berkshire Hathaway has continued to reduce its holdings in Bank of America, with sales nearing $1 billion in recent transactions. The latest disposals involved shedding almost 25 million shares over the past week. This move is part of a broader trend that started in July, when Berkshire began divesting its shares in the bank. Despite these substantial sales, Berkshire Hathaway remains a major shareholder in the Charlotte, North Carolina-based bank, maintaining control of nearly 12% of its stock. This consistent sell-off, however, points to a strategic reshaping of Berkshire’s expansive … Read more

Berkshire Hathaway Energy Joins Lawsuit Accusing National Association of Realtors of Conspiring to Keep Real Estate Commissions High Nationwide

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KANSAS CITY, Missouri – In a lawsuit filed on Monday, Warren Buffett’s Berkshire Hathaway was named as a defendant alongside several brokerages and the National Association of Realtors. The suit alleges that these entities conspired to artificially inflate real estate commissions across the nation. The addition of Berkshire Hathaway Energy to the case, which owns HomeServices of America, could potentially increase the financial exposure of the conglomerate. HomeServices was previously ordered to pay $1.78 billion in a similar antitrust lawsuit, a verdict that they plan to appeal. The complaint specifically accuses Berkshire Hathaway Energy of … Read more