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Berkshire Hathaway

Berkshire Hathaway

Media General Acquires Meredith, Will Be Third Largest Local TV Owner in U.S.

Media General Inc. announced Tuesday that it will buy multimedia company Meredith Corp. for $2.4 billion in cash and stocks to become one of the largest local television owners in the United States.

Berkshire Hathaway Buys $4.5 Billion Stake in Oil Refiner Phillips 66 Despite Slumping Crude Prces

Warren Buffet's Berkshire Hathaway Inc appears to be bullish in the prospects of the oil industry despite slumping crude prices, as it bought a more than a tenth of oil refiner Phillips 66, Reuters reported.

Kraft Heinz to Axe 2,500 Jobs in Cost Cutting Efforts to Save $1.5 Billion by 2017

Food giant Kraft Heinz Co said on Tuesday that it will axe 2,500 positions in the United States and Canada as the company begins an integration that will allow it to save $1.5 billion until 2017.

Berkshire Nears Largest Acquisition with $30 Billion Purchase of Precision Castparts

Warren Buffett's Berkshire Hathaway Inc. is reportedly closing on its largest acquisition ever with a deal to buy Precision Castparts Corp. soon to be signed.

Buffett donates $2.8 Billion to Charity Again

Warren Buffett, the second richest man in the world and among the greatest investors, donated on Monday $2.8 billion worth of Berkshire Hathaway stocks to five charities, continuing his tradition of philanthropy for the 10th straight year.

Kraft, Heinz Complete Merger, Cost Cuts to Follow

H.J. Heinz Co. and Kraft Foods Group Inc. completed on Thursday their merger to create one of the world's largest food and beverage company.

Berkshire Hathaway Buys Duracell from Procter & Gamble

Berkshire Hathaway, the conglomerate operated by billionaire Warren Buffet, is set purchase Duracell from Procter and Gamble in an effort to lower its overall taxes and shed “unfitting” brands.

Burger King Sells Loans to Buy Tim Hortons

Burger King is planning to sell $7.25 billion loan to acquire Tim Horton’s on Aug.26.

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