International Business News - Berkshire http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Berkshire Hills Bancorp Inc. on Monday said it has commenced a public offering of approximately $30 million of its common stock. The bank also granted the underwriters of the offering a 30-day option to purchase up to an additional 15 percent of the shares sold to cover over-allotments. http://www.ibtimes.com/articles/20081006/berkshire-hills-bancorp-to-sell-30m-in-stock.htm Mon, 06 Oct 2008 19:03:32 EDT MidAmerican Energy Holdings Co., a unit of Warren Buffett's Berkshire Hathaway Inc., will invest in Chinese car maker BYD Co. MidAmerican Energy will buy 225,000,000 new H shares issued by Hong Kong-listed BYD at HK$8.00 ($1.03) per share, or $231.8 million, BYD said in a statement Monday. http://www.ibtimes.com/articles/20080929/berkshire-hathaway-unit-buys-into-chinese-carmaker.htm Mon, 29 Sep 2008 07:17:45 EDT Goldman Sachs Group Inc., seeking to improve not only its balance sheet but its standing with investors, has undertaken a huge capital-raising program that includes an investment of at least $5 billion from Warren Buffett and a common stock offering for another $5 billion. http://www.ibtimes.com/data/articleimgs/137219-goldman-sachs-berkshire.jpg http://www.ibtimes.com/articles/20080924/buffetts-berkshire-betting-5-billion-on-goldman.htm http://www.ibtimes.com/articles/20080924/buffetts-berkshire-betting-5-billion-on-goldman.htm Wed, 24 Sep 2008 16:43:28 EDT Warren Buffett's Berkshire Hathaway Inc. is investing at least $5 billion in Goldman Sachs, a huge vote of confidence for one of the survivors of the credit crisis that felled two of its investment banking peers. http://www.ibtimes.com/data/articleimgs/136987-goldman-sachs-berkshire.jpg http://www.ibtimes.com/articles/20080923/berkshire-buying-5-billion-stake-in-goldman-sachs.htm http://www.ibtimes.com/articles/20080923/berkshire-buying-5-billion-stake-in-goldman-sachs.htm Tue, 23 Sep 2008 22:43:24 EDT A Kansas company that is part of Warren Buffett's Berkshire Hathaway Inc. has stopped selling private bank deposit insurance above the amount guaranteed by the federal government, signaling that billionaire investor Buffett may be worried about future bank failures. http://www.ibtimes.com/articles/20080910/berkshire-tightens-insurance-for-bank-deposits.htm Wed, 10 Sep 2008 12:36:52 EDT Billionaire investor Warren Buffett's holding company revealed a new investment in power wholesaler NRG Energy Inc. Thursday in documents filed with the Securities and Exchange Commission. http://www.ibtimes.com/articles/20080814/berkshire-hathaway-reveals-new-stake-in-nrg-energy.htm Thu, 14 Aug 2008 19:09:03 EDT Berkshire Hathaway Inc. reported an 8 percent decline in second-quarter profit Friday because it collected fewer insurance premiums and recorded $1 billion in unrealized derivative losses. http://www.ibtimes.com/articles/20080808/insurance-weighs-on-berkshire-hathaways-2q-profit.htm Fri, 08 Aug 2008 22:23:24 EDT Billionaire investor Warren Buffett's Berkshire Hathaway Inc. reported Thursday that it eliminated its stake in Ameriprise Financial Inc. and is cutting its stake in Iron Mountain Inc., while raising its stakes in Kraft Foods Inc. and Burlington Northern Santa Fe Inc. http://www.ibtimes.com/articles/20080515/buffetts-berkshire-eliminates-stake-in-ameriprise.htm Thu, 15 May 2008 17:26:19 EDT Billionaires Warren Buffett and Charlie Munger say the pain many financial institutions are feeling because of the credit crunch is well deserved. The chairman and vice chairman of Berkshire Hathaway Inc. said Sunday that the financial companies that engineered subprime mortgages don't deserve much sympathy as they record losses now. http://www.ibtimes.com/articles/20080504/buffett-munger-say-many-financial-companies-deserve-pain.htm Sun, 04 May 2008 18:41:21 EDT Berkshire Hathaway chairman and CEO Warren Buffett and vice chairman Charlie Munger spent more than five hours Saturday answering questions from shareholders. http://www.ibtimes.com/articles/20080503/buffett-and-munger-share-wit-wisdom-with-shareholders.htm Sat, 03 May 2008 18:26:13 EDT Warren Buffett tried to reassure his shareholders Saturday that Berkshire Hathaway will be fine once he is gone, but the 77-year-old billionaire offered few new details of the company's succession plan. http://www.ibtimes.com/data/articleimgs/43804-earns-berkshire-hathaway.jpg http://www.ibtimes.com/articles/20080503/buffett-and-munger-reassure-shareholders-about-succession.htm http://www.ibtimes.com/articles/20080503/buffett-and-munger-reassure-shareholders-about-succession.htm Sat, 03 May 2008 15:32:14 EDT Several Berkshire Hathaway shareholders are concerned about the future of billionaire Warren Buffett's company once he is gone. Buffett, 77, tried to reassure them at Berkshire's annual meeting Saturday in Omaha, but offered few new details about the company's plan to replace him. http://www.ibtimes.com/data/articleimgs/43798-earns-berkshire-hathaway.jpg http://www.ibtimes.com/articles/20080503/shareholders-worry-about-berkshires-future-after-buffett.htm http://www.ibtimes.com/articles/20080503/shareholders-worry-about-berkshires-future-after-buffett.htm Sat, 03 May 2008 15:06:45 EDT American Indian tribes and salmon fisherman were rebuffed a second time Saturday in their bid to win support from billionaire Warren Buffett for a proposal to remove four hydroelectric dams from the Klamath River. http://www.ibtimes.com/data/articleimgs/43785-berkshire-klamath-river.jpg http://www.ibtimes.com/articles/20080503/buffett-again-rebuffs-advocates-who-want-klamath-dams-out.htm http://www.ibtimes.com/articles/20080503/buffett-again-rebuffs-advocates-who-want-klamath-dams-out.htm Sat, 03 May 2008 14:25:55 EDT Billionaire Warren Buffett's shareholders always look forward to the time he spends answering questions at Berkshire Hathaway's annual meeting, a chance to learn from one of the world's most successful investors. http://www.ibtimes.com/data/articleimgs/43734-earns-berkshire-hathaway.jpg http://www.ibtimes.com/articles/20080503/buffett-and-munger-fill-arena-for-annual-berkshire-meeting.htm http://www.ibtimes.com/articles/20080503/buffett-and-munger-fill-arena-for-annual-berkshire-meeting.htm Sat, 03 May 2008 10:08:12 EDT Berkshire Hathaway Inc. says its first-quarter profit fell 64 percent because it recorded an unrealized $1.6 billion loss on its derivative contracts, and its insurance businesses generated lower profits. http://www.ibtimes.com/articles/20080502/berkshire-net-income-falls-64-percent-because-of-derivatives.htm Fri, 02 May 2008 17:45:26 EDT The wisdom of billionaires Warren Buffett and Charlie Munger will be on display again next weekend when the two men field questions from a throng of Berkshire Hathaway Inc. shareholders. http://www.ibtimes.com/articles/20080427/buffett-munger-will-again-field-shareholders-questions.htm Sun, 27 Apr 2008 16:59:37 EDT The Bill & Melinda Gates Foundation's trust will sell more than half of its nearly 1 million shares of Berkshire Hathaway Inc. stock to comply with federal tax rules, according to a Securities and Exchange Commission filing Thursday. http://www.ibtimes.com/articles/20080320/gates-trust-to-sell-berkshire-shares.htm Thu, 20 Mar 2008 22:49:55 EDT The Bill & Melinda Gates Foundation's trust will sell more than half of its nearly 1 million shares of Berkshire Hathaway Inc. stock to comply with federal tax rules, according to a Securities and Exchange Commission filing Thursday. http://www.ibtimes.com/articles/20080320/gates-foundation-to-sell-berkshire.htm Thu, 20 Mar 2008 21:18:11 EDT The Bill and Melinda Gates Foundation Trust plans to sell nearly half its stake in Warren Buffett's Berkshire Hathaway Inc. in order to comply with federal tax rules, according to a filing with the Securities and Exchange Commission on Thursday. http://www.ibtimes.com/articles/20080320/gates-foundation-to-sell-berkshire-stock.htm Thu, 20 Mar 2008 18:44:50 EDT At Berkshire Hathaway Inc., the chief financial officer again brought home more compensation last year than the two billionaires who run the company. Berkshire's Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger have both kept their salaries at $100,000 again in 2007, according to documents filed with the Securities and Exchange Commission Monday. http://www.ibtimes.com/articles/20080317/berkshire-cfo-comp-tops-that-for-buffett.htm Mon, 17 Mar 2008 08:05:05 EDT