But the company has so far only announced one large acquisition during the coronavirus crisis — a Berkshire’s holdings of cash and short-term Treasury bills — money it can, in theory, use to make big acquisitions in the future — rose to $146.6 billion in the second quarter from $137.2 billion in the first quarter.Burlington Northern Santa Fe, Berkshire’s large North American railway operation, reported a fall in revenue in the second quarter as the pandemic contributed to a decline in the volume of goods it transports. That’s up from … Warren Buffett seems to have repurchased more than $7 billion of Berkshire Hathaway stock in the last three months. First, he agreed to buy Dominion Energy’s natural gas pipeline and storage business in early July for US$4-billion and take on US$5.7-billion of Dominion debt. That means:Comments that violate our community guidelines will be removed.© Copyright 2020 The Globe and Mail Inc. All rights reserved. This is a space where subscribers can engage with each other and Globe staff. Mr. Shanahan said BNSF performed better than most other major railroads.Berkshire was holding nearly US$147-billion cash and short-term investments at the end of the second quarter, but Mr. Buffett did use $5.1-billion during the quarter to repurchase Berkshire shares, which is the biggest buyback since Berkshire relaxed its policy on repurchases in 2018.Mr.
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If you are looking to give feedback on our new site, please send it along to To view this site properly, enable cookies in your browser. The subject who is truly loyal to the Chief Magistrate will neither advise nor submit to arbitrary measures.Audio for this article is not available at this time. Buffett has long said Berkshire’s operating earnings offer a better view of quarterly performance because they exclude investments and derivatives, which can vary widely. But in the second quarter, it Though Mr. Buffett has a long record as a savvy investor, Berkshire’s stock has performed worse than the broader stock market this year, falling 7.4 percent, versus a 3.7 percent increase for the S&P 500 stock index.In a sign that Mr. Buffett might believe Berkshire’s shares are undervalued, the company spent $6.7 billion buying back its own stock in the second quarter, a record amount, and up from $1.7 billion in the first quarter.During and after the 2008 financial crisis, Berkshire made big investments and acquisitions that ended up producing big returns. Non-subscribers can read and sort comments but will not be able to engage with them in any way. The company also took a roughly $10 billion write-down on intangible assets related to Precision Castparts Corporation, a metal components manufacturer that it bought in 2016 for $32.7 billion.Berkshire’s giant energy business reported a decline in pretax earnings in the second quarter but net profits were up because of a large tax benefit.The company’s insurance operations showed the mixed effects of the pandemic. We hope to have this fixed soon. The company also has major investments in such companies as Apple, American Express, Coca-Cola and Bank of America.Welcome to The Globe and Mail’s comment community. But the railroad was able to cut its operating expenses 26 per cent to help offset the lower volume. Berkshire Hathaway (BRK-A, BRK-B)Warren Buffett is a legend among investors for his wisdom in buying and holding stocks for the long run. This is a space where subscribers can engage with each other and Globe staff.We aim to create a safe and valuable space for discussion and debate. Non-subscribers can read and sort comments but will not be able to engage with them in any way. If you would like to write a letter to the editor, please forward it to Welcome to The Globe and Mail’s comment community. It reported a US$2.1-billion underwriting profit in the quarter, up from US$393-million a year ago. They also exclude the Precision Castparts writedown. Berkshire reported earnings of $26.4 billion in the second quarter, a turnaround from its $49.7 billion loss in the first quarter, when the pandemic caused a plunge in the stock market.The strong recovery in the stock market — and a surge in the value of Apple’s stock, in particular — drove a rebound in profits for Warren E. Buffett’s Berkshire Hathaway in the second quarter.Berkshire on Saturday said it earned $26.4 billion in the second quarter, a turnaround from The weak economy, caused by the pandemic and business interruptions, weighed on many of the companies that the conglomerate owns. Warren Buffett Buys Berkshire Hathaway Stock Worth $5.1 Billion as COVID-19 Hurts Earnings. That’s up from US$14.1-billion, or US$8,608 per share, a year ago.Berkshire said it cut the value of its Precision Castparts unit because of how much the pandemic has hurt air travel and businesses that support that airline industry. This is a space where subscribers can engage with each other and Globe staff.
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