JPMorgan Chase & Co. dropped Al- Rajhi Bank, the world’s largest Shariah-compliant lender, as a correspondent banking client amid a push to improve risk controls, said two people with direct knowledge of the move.
This weekend, 40,000 or so Berkshire Hathaway shareholders gathering in Omaha for the conglomerate’s annual meeting will spend plenty of time strolling through the mall of Buffett: a 194,300 square foot retail space set up to ply sundry products produced by Berkshire’s subsidiaries, including See’s Candies, Justin Brands western boots and Quickut (Ginsu) knives.
Berkshire Hathaway Inc.’s Gregory Abel , considered a candidate to succeed Chief Executive Officer Warren Buffett , got a promotion and the prospect of greater visibility with the resignation of his mentor, David Sokol.
Warren Buffett ’s annual charity- lunch auction reached a record $2.63 million after a year in which the billionaire defied an economic slump by completing his biggest takeover and boosting Berkshire Hathaway Inc.’s profit.
Berkshire Hathaway Inc. reported a stake in Exxon Mobil Corp. valued at about $3.7 billion as Warren Buffett’s company disclosed its largest new holding since adding International Business Machines Corp. in 2011.
Todd Combs, Warren Buffett’s apprentice stock picker at Berkshire Hathaway Inc., posted gains on his first equity bets at the company by buying when markets fell and increasing stakes in investments that declined.
Warren Buffett ’s Berkshire Hathaway Inc. reported a stake in MasterCard Inc. , the second-biggest payments network, after the billionaire chairman hired money manager Todd Combs to handle part of his company’s portfolio.