Berkshire Hathaway (BRK.A) Stock Hits New 52-Week High on Latest Quarterly Financial Report
Berkshire Hathaway Inc. (NYSE:BRK.A) traces its roots back to 1839 when a textile manufacturing company named Valley Falls Co. was founded by Oliver Chace. In 1929, Valley Falls merged with Berkshire Cotton Manufacturing Co., and the combined entity was renamed Berkshire Fine Spinning Associates. Warren Buffett, who was a lesser-known-investor back then, started buying Berkshire’s stock in the 1960s. Buffett took full control of the company in 1965. Under his leadership, Berkshire became one of the world’s largest holding companies.
Omaha, Nebraska-based Berkshire recently announced its financial results for the fourth quarter and full year. The company reported earnings of $35.835 billion for the quarter, up 23 percent from the same period last year. However, earnings for the full year fell 48 percent to $42.521 billion. Berkshire’s net income mostly depends on gains from big investm
Warren Buffett admits $10 billion mistake in deal for Portland-based Precision Castparts
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Warren Buffett admits $10 billion mistake in deal for Portland-based Precision Castparts
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