Welcome to our dedicated page for BRK news (Ticker: BRK), a resource for investors and traders seeking the latest updates and insights on BRK stock.
BRK is a diversified conglomerate with strategic holdings spanning insurance, manufacturing, and industrial sectors, including notable subsidiaries like Duracell and Johns Manville. This page provides centralized access to official announcements, financial updates, and market developments related to BRK's multifaceted business activities.
Investors and analysts will find timely updates on earnings reports, strategic acquisitions, and leadership decisions that shape the company's cross-industry operations. The curated news collection serves as a reliable resource for tracking BRK's performance across its consumer goods, industrial manufacturing, and financial service segments.
Content includes press releases on portfolio expansions, analyses of operational milestones, and coverage of management initiatives driving long-term value creation. Regular updates ensure stakeholders stay informed about BRK's unique approach to maintaining a balanced, diversified business model.
Bookmark this page for streamlined access to BRK's latest developments, or check back regularly to monitor how the company continues leveraging its market position across multiple industries through disciplined investment strategies.
Berkshire Hathaway has announced that it will release its third quarter earnings report and Form 10-Q on Saturday, November 2, 2024, at approximately 7:00 a.m. Central time. The financial documents will be accessible through the company's website at www.berkshirehathaway.com.
Duracell has been announced as the official battery partner of the FORMULA 1 HEINEKEN SILVER LAS VEGAS GRAND PRIX 2024. The partnership includes sponsorship of one of the Las Vegas Strip Circuit™ DRS Zones, where Duracell's iconic copper & black colors will be prominently displayed. This collaboration merges high-speed innovation with top-tier performance, highlighting Duracell's Power Boost™ Ingredients.
The partnership will feature gantry LED animated boards, trackside signage, and unique rooftop branding around the circuit. Additionally, Williams Racing, Duracell's partner since 2022, will turn the DRS flaps on both drivers' FW46 rear wings into a Duracell battery and change the color of the DRS button on the steering wheels to Duracell copper.
Duracell, the #1 trusted battery brand, has expanded its portable power lineup with new offerings. The company introduced the M100 Portable Charging Hub, a compact device weighing just over one pound, designed for charging phones, tablets, and earbuds on the go. Duracell also launched the G-Series Portable Power Stations, including the G350 and G800 models, tailored for outdoor enthusiasts. These power stations feature multiple charging ports, a 360-degree lantern light, and can be charged using the new G-Solar Panel.
The M100 joins Duracell's existing M-Series, which includes the M150 and M250 Portable Charging Hubs. All products are available on PowerStations.Duracell.com, with prices ranging from $99 to $199. The new lineup aims to provide flexible power solutions for various aspects of life, both at home and on the go.
Helzberg Diamonds, a renowned US jewelry retailer, has partnered with Proximity, creator of the award-winning Retail Super-App, to enhance customer experience. The collaboration aims to empower sales associates with a clienteling platform that delivers hyper-personalized service across all touchpoints. Launched in summer 2024, the platform connects customer data and uses innovative technology to power personalization and provide endless aisle capabilities.
The partnership is expected to transform customer engagement, drive repeat purchases, and increase in-store efficiency. Proximity's CEO, Cathy McCabe, expressed excitement about forging deep connections with customers and cultivating loyalty. Brad Hampton, CEO of Helzberg Diamonds, highlighted the opportunity to accelerate their digital transformation while maintaining the human touch that sets them apart in the industry.
Berkshire Hathaway Inc. (BRK.A; BRK.B) has released its financial results for the second quarter and first six months of 2024. The company reported net earnings of $30,348 million for Q2 2024, compared to $35,912 million in Q2 2023. Operating earnings increased to $11,598 million in Q2 2024 from $10,043 million in Q2 2023.
For the first six months of 2024, net earnings were $43,050 million, down from $71,416 million in the same period of 2023. The company's insurance-underwriting and insurance-investment income showed significant improvements. Berkshire repurchased approximately $345 million of its shares during Q2 2024, bringing the six-month total to $2.9 billion. As of June 30, 2024, Berkshire's insurance float was approximately $169 billion.
Berkshire Hathaway Inc. (BRK.A; BRK.B) has announced that its second quarter earnings release and quarterly report on Form 10-Q will be made available online on Saturday, August 3, 2024, at approximately 7:00 a.m. Central time. Investors and interested parties can access these financial documents through the company's official website at www.berkshirehathaway.com. This timely disclosure of financial information demonstrates Berkshire Hathaway's commitment to transparency and keeping shareholders informed about the company's performance.
The NJASAP Membership has re-elected Capt. Pedro Leroux as Union president with more than 80% of votes. This marks his fourth consecutive term. The election, which concluded on June 10, saw a 76% voter turnout, surpassing the historic average by 18.3%. The Pilots Unite Slate, led by Leroux, included four incumbent candidates and one new member, Capt. Clare Carey. All candidates received approximately 80% of votes for their respective positions. The elected officers will serve a three-year term beginning July 1, 2024, through June 30, 2027. The election was administered by BallotPoint Election Services.
NetJets has filed a lawsuit against the NetJets Association of Shared Aircraft Pilots (NJASAP), accusing the union of defamation related to safety, maintenance, and pilot training concerns. NJASAP, representing over 3,400 pilots, claims the lawsuit aims to silence their legitimate concerns, which have grown in recent months. NJASAP President Capt. Pedro Leroux emphasized their commitment to raising safety issues, despite the legal action. The union asserts it has repeatedly tried to work with management to address these concerns, but management has chosen to pursue legal action instead.
The NetJets Association of Shared Aircraft Pilots (NJASAP) and Teamsters Local 284 have relaunched the NetJets Unions Coalition (NUC) to address labor-management issues. NJASAP represents over 3,400 pilots at Berkshire Hathaway's NetJets Aviation, while Teamsters Local 284 represents approximately 575 dispatchers, flight attendants, maintenance controllers, mechanics, and stock clerks. The coalition aims to enhance dialogue with NetJets management about discipline, safety, operational issues, and improved communication. Leaders emphasize the need for solidarity and constructive engagement to benefit employees, operations, and customers.
NetJets, a Berkshire Hathaway company (NYSE: BRK), faces deteriorating labor relations as reported by the NetJets Association of Shared Aircraft Pilots (NJASAP). The Union accuses NetJets of intimidating tactics against an elected official over lawful union activities following a recent five-year collective bargaining agreement. NJASAP claims the company is retaliating rather than cooperating to capitalize on high demand. Notably, Vice President Capt. Paulette Gilbert was subjected to intense interrogation regarding union activities, which NJASAP views as a direct attack on its members and leaders. Despite these conflicts, NJASAP secured a $1.6 billion contract increase.
