USG Corporation (NYSE: USG) had an important vote today that essentially allows Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) to get much more control of the company.
Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) have been out making fairly large bets in recent months. It seems that distressed prices are tempting the Oracle of Omaha. But what is…
Douglas A. McIntyre Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) was one of the investors in Harley-Davidson Inc’s (NYSE: HOG) offering of $600 million of senior unsecured notes. The company is raising funds for the…
A new SEC filing shows that Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) has acquired even more shares of Burlington Northern Santa Fe Corp. (NYSE: BNI). As the company’s shares have slid…
American Electric Power Company (NYSE:AEP) expects to increase the company’s profit by building new power transmission lines. The company plans to spend more than $7 billion to add new high-voltage lines in…
Burlington Northern Santa Fe Corp. (NYSE: BNI) is set to report earnings today, and this comes just a day after competitor CSX Corp. (NYSE: CSX) earnings missed analyst expectations after a resort…
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) does not go for short-term gains, and short-term losses are part of the game for investing. Warren Buffett has even told employees to only to…
Platts is reporting this morning that the European Commission released its decision this morning regarding the buyout offer from Electricite de France (EDF) for British Energy Group plc, the UK’s largest nuclear…
The other shoe has dropped. Constellation Energy Group Inc. (NYSE:CEG) has accepted Electricite de France’s (EDF) offer of $4.5 billion for 49.99% of the company’s nuclear assets (rather than the whole company).…
Bad news doesn’t surprise anyone any more, especially in the bio-refining business. Shareholder value in ethanol companies has all but evaporated. Now, we get news of a biodiesel plant going on the…
Burlington Northern Santa Fe Corp. (NYSE: BNI) does not have a new shareholder. But Warren Buffet’s Berkshire Hathaway Inc. (NYSE: BRK-A) did increase the size of the stake held in Burlington Northern. …
Douglas A. McIntyre Late on Friday, Reliant Energy (NYSE:RRI) announced that it had terminated a $300 million retail working capital facility with Merrill Lynch. The company had failed to meet its EBITDA covenant on the…
We have had many inquiries this week over this EDF offer for Constellation Energy Group Inc. (NYSE: CEG) now that EDF in France gave a competing bid versus that of Warren Buffett’s…
The recent bid by France’s Electricite de France (EDF) for half of the nuclear business of Constellation Energy (NYSE:CEG) caused Fitch Ratings to downgrade the company’s Issuer Default Ratings. The long-term IDR…
Whenever something like this comes along, one has to ask, "Are these guys serious?" Electricite de France (EDF) yesterday offered Constellation Energy (NYSE:CEG) a premium of about 96% to purchase half of…
