tldrdaily.news logo
Tag

Warren Buffet

All articles tagged with #warren buffet

legalcourt-cases1 year ago

"Montana Asbestos Victims Sue Warren Buffet's Railroad Over Pollution Deaths"

Victims of asbestos pollution in Libby, Montana, are taking BNSF Railway, owned by Warren Buffet's Berkshire Hathaway Inc., to court, alleging negligence and wrongful death for failing to control contaminated dust from the rail yard that led to hundreds of deaths and over 3,000 illnesses. The upcoming trial is the first among hundreds of lawsuits against BNSF, with victims seeking accountability for the asbestos-related diseases caused by the vermiculite shipped by rail from Libby for use across the U.S. The cleanup has cost an estimated $600 million, with most covered by taxpayer money, and the victims hope for justice in the upcoming trials.

via The Associated Press|
#asbestos-pollution#bnsf-railway#lawsuits
business2 years ago

"Haslam Family and Berkshire Hathaway Settle Truck Stop Dispute"

The Haslam family and Berkshire Hathaway have settled a billion-dollar lawsuit over the value of Pilot Travel Centers, with both sides accusing the other of accounting tricks. The dispute arose from Berkshire Hathaway's purchase of 80% of Pilot for $11 billion in 2017 and January 2023. The settlement avoids a trial that was scheduled to begin and the details of the agreement were not disclosed.

via WJW FOX 8 News Cleveland|
#berkshire-hathaway#business#haslam-family
business2 years ago

Warren Buffett's Protégé Lands Job with Daring Letter, Low Risk

Tracy Britt Cool, a protégé of Warren Buffet, landed a job at Berkshire Hathaway by writing a letter to Buffet in 2009, stating that the risk was low and "why not try?" This bold move paid off, and she quickly rose through the ranks to become one of Buffet's top lieutenants. Britt Cool's proactive approach to career building also led her to secure meetings with the CEOs of Morgan Stanley and Bear Stearns while she was still a student. After a decade at Berkshire Hathaway, she started her own private equity firm in 2019.

via Business Insider|
#berkshire-hathaway#business#career-building
finance2 years ago

UBS's acquisition of Credit Suisse boosts Dow futures by over 100 points.

U.S. stock futures rose after the Swiss government engineered a forced takeover of Credit Suisse by UBS to stifle a crisis threatening the banking sector. The instability in the financial sector over the past two weeks raised the stakes for the Federal Reserve's interest rate decision on Wednesday. UBS agreed to buy Credit Suisse for $3.2 billion, with the combined bank to have $5 trillion in assets. Berkshire Hathaway's Warren Buffet has been in discussions with senior Biden administration officials regarding the crisis in the banking sector.

via CNBC|
#banking-crisis#credit-suisse#finance