Editor’s Note: Related tickers: Berkshire Hathaway Inc. (NYSE:BRK.A), The Allstate Corporation (NYSE:ALL), American International Group, Inc. (NYSE:AIG), The Travelers Companies, Inc. (NYSE:TRV), NV Energy, Inc. (NYSE:NVE), H.J. Heinz Company (NYSE:HNZ), Dow Jones Industrial Average (INDEXDJX:.DJI)
BYD Co. (1211), the Warren Buffett-backed Chinese auto-and-battery maker, is seeking to increase overseas sales of its electric bus as billionaire founder Wang Chuanfu predicts a “second takeoff” for the company this year. Shenzhen-based BYD has signed contracts this year to supply a total of 35 K9 electric buses to Long Beach and Los Angeles for use in public transportation. It also won an order in the Netherlands, and began trials in Poland and Canada. …MidAmerican Energy Holdings Co., a unit of Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A), took a 9.9 percent stake in BYD in 2009, paying HK$8 apiece for 225 million new shares.
Why Berkshire Earnings Aren’t Pushing the Dow Higher (Fool)
Over the decades in which he has run Berkshire Hathaway Inc. (NYSE:BRK.A), Warren Buffett has been one of the most influential investors in the world. With stock markets hanging on his every word, Buffett has single-handedly helped give the market confidence during times of trouble while calling out exuberance and overvaluation during boom times. Therefore it’s somewhat surprising today that after a favorable earnings report from Berkshire Hathaway Inc. (NYSE:BRK.A) over the weekend, the Dow Jones Industrial Average (INDEXDJX:.DJI) is down 38 points as of 11 a.m. EDT, falling back slightly from Friday’s record close.
This guy’s millions could save your company(CNBC)
GP Should Take Lesson From Buffett on Pay, Investor Says (BusinessWeek)
GP Investments Ltd. (GPIV11), the private-equity firm founded by Brazil’s richest man, should take a lesson from U.S. billionaire Warren Buffett and cut executive pay, shareholder NCH Capital Inc. told the company. GP, whose shares plummeted 78 percent in the past five years, almost doubled pay for its management team to 24.5 million reais ($10.7 million) last year, when profit totaled 19.8 million reais, according to the Hamilton, Bermuda-based company’s regulatory filings. The firm posted a loss of 206.8 million reais in 2011. …Gulbrandsen said the company should follow the example of Buffett, who as CEO of Berkshire Hathaway Inc. (NYSE:BRK.A) takes a salary of $100,000 a year even as the firm’s shares climb to record highs.
Berkshire Sidesteps Bond Rout, Builds Shareholder Equity (SFGate)
Warren Buffett’s preference for buying stocks and whole companies rather than bonds is helping Berkshire Hathaway Inc. (NYSE:BRK.A) weather a spike in interest rates better than other insurers. Book value rose 2 percent to about $122,900 per Class A share in the three months ended June 30, Omaha, Nebraska-based Berkshire Hathaway Inc. (NYSE:BRK.A) said Aug. 2. Insurance competitors including The Allstate Corporation (NYSE:ALL), American International Group, Inc. (NYSE:AIG) and The Travelers Companies, Inc. (NYSE:TRV) posted second-quarter declines in the measure of assets minus liabilities. Interest rates surged in the period after Federal Reserve Chairman Ben S. Bernanke signaled the central bank could begin to taper its $85 billion-a-month bond purchases this year.
