By Jonathan Stempel (Reuters) - Berkshire Hathaway (NYSE:BRKa)’s Geico car insurance unit has made progress in upgrading its technology to better match rates with risk, Berkshire Vice Chairman Ajit Jain said on Saturday. Jain, who has day-to-day oversight of Berkshire’s insurance operations, spoke at the conglomerate’s annual meeting in Omaha, Nebraska where he, Chairman Warren Buffett and V ...
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Warren Buffett on Saturday gave a full-throated endorsement to the five Japanese trading houses in which his conglomerate Berkshire Hathaway (NYSE:BRKa) has invested. Buffett spoke at Berkshire’s annual shareholder meeting in Omaha, Nebraska, 1-1/2 months after Berkshire said it raised its stakes in Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo ...
By Matthew Majendie MIAMI (Reuters) -Reduced profit expectations and a potential $5 billion hit from automotive tariffs will not affect Cadillac’s Formula One debut next season, General Motors (NYSE:GM) President Mark Reuss said on Saturday. Cadillac’s parent company GM cut its 2025 profit forecast this week in the wake of uncertainty over the wide-reaching tariffs introduced by President Dona ...
By Jonathan Stempel OMAHA, Nebraska (Reuters) -Berkshire Hathaway Vice Chairman Greg Abel said on Saturday that "keeping the lights on" is no longer a priority for the conglomerate’s utilities when the threat of wildfires becomes excessive. Abel spoke at Berkshire’s annual shareholder meeting, as the conglomerate’s PacifiCorp utility defends against a slew of litigation over wildfires in Ore ...