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.
Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) generates a steady flow of news across its diverse operations in insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, services and retailing. Company updates often combine segment-level financial information with announcements about major transactions and leadership changes.
Investors following Berkshire’s news can expect regular earnings releases that summarize net earnings, investment gains and losses, and operating earnings by segment. These releases highlight contributions from insurance-underwriting, insurance-investment income, BNSF, Berkshire Hathaway Energy, and manufacturing, service and retailing businesses, along with commentary on insurance float and the impact of unrealized investment gains and losses.
Berkshire’s news flow also includes transaction announcements, such as the agreement to acquire Occidental’s chemical business, OxyChem, and subsequent confirmation that the acquisition has closed. These items describe how new subsidiaries, like OxyChem, fit within Berkshire as operating companies and outline the nature of their activities, for example OxyChem’s role as a producer of essential chemistry.
Another key theme in Berkshire’s news is corporate governance and leadership. Press releases have detailed the planned transition of the Chief Executive Officer role to Greg Abel, the separation of the Chairman and CEO positions, appointments in insurance and non-insurance operations, and changes in corporate roles such as Chief Financial Officer and General Counsel.
Because Berkshire’s subsidiaries include consumer-facing businesses like Helzberg, news from these companies—such as new store concepts or national partnerships—also references Berkshire as the parent. For readers tracking BRK, this news page offers a consolidated view of financial updates, acquisitions, governance developments and notable subsidiary announcements.
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.