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Vegas Casinos Can Fire Buffett's Utility -- for $127 Million
2015-11-26 04:59:31| Semiconductors - Topix.net
Three of Las Vegas's largest casino operators are a step closer to firing Warren Buffett's utility as their electricity provider -- if they're willing to pay the price. MGM Resorts International, Las Vegas Sands Corp. and Wynn Las Vegas won initial regulatory approval to stop buying power from NV Energy, a Nevada utility owned by Buffett's Berkshire Hathaway Inc. In draft orders published Wednesday, the state's Public Utilities Commission laid out conditions for the gaming companies to seek cheaper electricity from other sources, including combined impact fees of almost $127 million.
Tags: million
fire
vegas
utility
Warren Buffett's Berkshire Discloses AT&T, Doubles Phillips 66, Sells 3
2015-11-17 06:51:05| Telecom - Topix.net
Warren Buffett , CEO of Berkshire Hathaway and the world's most famous investor, or one of his two portfolio managers, Todd Combs and Ted Weschler, disclosed ownership of one new stock in the third quarter, their updated portfolio showed Friday. The new third quarter new addition for Berkshire was AT&T , which they received as a result of owning Directv when AT&T acquired it in July.
Tags: att
warren
sells
phillips
How Valeant's Largest Shareholder Missed Warren Buffett's And Charlie Munger's Warnings
2015-11-17 04:34:48| Biotech - Topix.net
I wrote an article on Valeant last year titled "Allergan and Valeant: Lessons from the Go-Go Years." I made the observation in that article that Valeant-mania was like the conglomerate-mania of the 1960s.
Tags: largest
missed
warren
charlie
Buffett's BNSF helped lead fight to delay train safety technology
2015-11-04 14:44:44| Railroads - Topix.net
When an Amtrak passenger train derailed in Philadelphia in May, killing eight people and injuring scores more, the railroad industry's campaign to delay a Dec. 31 deadline to install technology to prevent such disasters appeared to be finished. Not, as it turned out, if billionaire investor Warren Buffett and Sen. John Thune, a South Dakota Republican, had anything to do with it.
Tags: technology
lead
safety
fight
Warren Buffett's Railroad Vs. The Other Monopoly Board Pieces
2015-09-05 09:58:19| Railroads - Topix.net
While BNSF has proven itself to be a solid business, this doesn't take away from the publicly available alternatives. If you were completing a modern-day monopoly board, the four U.S. railroads included would likely be Union Pacific , CSX Corp. , Norfolk Southern and Burlington Northern Santa Fe.
Tags: board
pieces
warren
railroad
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