Berkshire Hathaway acquired stakes in Macy's and Delta Air Lines. Abel, CEO of BH, made the initial investment.
8 reports, 4 independent
Updated Sep 3
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What happened
Berkshire Hathaway acquired stakes in Macy's and Delta Air Lines. Abel, CEO of BH, made the initial investment.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Berkshire Hathaway expanded its investment portfolio, acquiring DHI and adding to Delta Air Lines holdings.1 source
Abel's stock purchase in Delta is linked to rising gas prices and Middle East tension.1 source
Berkshire Hathaway acquired stakes in Macy's and Delta Air Lines.1 source
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The entities involved
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Berkshire Hathaway
American multinational conglomerate holding company
- Berkshire Hathaway, based in Omaha, Nebraska, announced that Greg Abel agreed to make a stock investment in Alphabet (Google) and boosted the company's stake.
- Berkshire Hathaway is undergoing a leadership transition with Greg Abel set to take over from Warren Buffett, accompanied by investment write-downs.
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Macy
census-designated place in Thurston County, Nebraska, United States
Nothing else this week.
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Delta Air Lines
airline in the United States (1929–present)
Related events
- Greg Abel is shifting cash allocation within Berkshire Hathaway.
- Berkshire Hathaway holds a significant stake in Bending Spoons and benchmarks it against a conglomerate's successful model.
- Berkshire Hathaway holds equity in companies including Apple, American Express, Bank of America, and Coca-Cola. Greg Abel is leading the strategic initiatives.
- Under Greg Abel's leadership, Berkshire Hathaway has made major strategic moves, including acquiring Taylor Morrison and making a private placement in Alphabet.