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Delta predicts 90% revenue decline; Berkshire Hathaway sells nearly 13 million shares

Delta CEO Ed Bastian says his company has not yet hit bottom as it is ravaged by fallout from the novel coronavirus pandemic. What's more, billionaire Warren Buffett has parted with nearly 13 million shares of Delta stock. In a memo to Delta Air.....»»

Category: topSource: bizjournalsApr 3rd, 2020

Berkshire Hathaway sells 12.9M Delta shares, 2.3M Southwest shares

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 3rd, 2020

Delta stock falls 7% as Buffett"s Berkshire Hathaway sells some of its stake, airline expects worse Q2

Shares of Delta Air Lines Inc. fell more than 8% in the extended session Friday after the airline said its second quarter will be "even more difficult than the first" and Warren Buffett's Berkshire Hathaway Inc. disclosed it.....»»

Category: topSource: marketwatchApr 3rd, 2020

Warren Buffett"s Berkshire Hathaway sold nearly $390 million worth of Delta and Southwest shares this week

Kevin Lamarque/Reuters Warren Buffett's Berkshire Hathaway sold nearly $390 million worth of shares in Delta Air Lines and Southwest Airlines thi.....»»

Category: topSource: businessinsiderApr 3rd, 2020

Berkshire Hathaway Sells Another 1.6 Million Sirius XM Holdings Shares

Berkshire Hathaway Sells Another 1.6 Million Sirius XM Holdings Shares.....»»

Category: topSource: seekingalphaNov 18th, 2019

Warren Buffett’s Berkshire Hathaway Bought Even More Delta Stock

Berkshire unit National Indemnity paid $265.2 million for 5.4 million more shares of the airline. Berkshire now owns more than 10% of Delta stock across its units......»»

Category: topSource: barronsMar 11th, 2019

BNSF"s First-Quarter Net Earnings Slip On Lower Revenues And Carload Volumes

BNSF's first-quarter net profit fell 5% amid a 6% decline in revenue, according to Berkshire Hathaway, Inc. (NYSE: BRK-A), BNSF's parent company. BNSF's net earnings for the first quarter of 2020 were $1.19 billion.....»»

Category: earningsSource: benzingaMay 4th, 2020

Casino operator Las Vegas Sands revenue plunges 50% amid coronavirus pandemic

Las Vegas Sands Corp. shares rose 3.8% in the extended session Wednesday after the company reported a 51.1% decline in revenue amid the COVID-19 pandemic. The company reported a first-quarter net loss of $51 million, or .....»»

Category: topSource: marketwatchApr 22nd, 2020

Warren Buffett"s Berkshire Hathaway sold $30 million worth of BNY Mellon stock this week

Dimitrios Kambouris/Getty Images Warren Buffett's Berkshire Hathaway sold about $30 million worth of Bank of New York Mellon stock this week. The billionaire investor's company flogged close to 860,000 BNY Mellon shares for ab.....»»

Category: topSource: businessinsiderApr 9th, 2020

Berkshire Hathaway sells 869,103 common shares of BNY Mellon

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallApr 9th, 2020

Berkshire Hathaway sells part of Delta, Southwest airline stakes

Warren B.....»»

Category: topSource: reutersApr 3rd, 2020

Warren Buffett"s Berkshire Hathaway sells some stake in Delta Air Lines

Warren Buffett's Berkshire Hathaway Inc said on Friday it has sold some of its stake in Delta Air Lines Inc ......»»

Category: topSource: reutersApr 3rd, 2020

Delta losing $50M in cash per day, projects 80 percent quarterly revenue decline

Delta is losing $50 million in cash each day due to fallout from the coronavirus pandemic, and it projects year-over-year revenue to fall by $10 billion for the June quarter — an 80% reduction. CEO Ed Bastian provided Atlanta-based Delta Air Line.....»»

Category: topSource: bizjournalsMar 22nd, 2020

Delta losing $50M in cash per day, projects 80% quarterly revenue decline

Delta is losing $50 million in cash each day due to fallout from the coronavirus pandemic, and it projects year-over-year revenue to fall by $10 billion for the June quarter — an 80% reduction. CEO Ed Bastian provided Atlanta-based Delta Air Line.....»»

Category: topSource: bizjournalsMar 21st, 2020

Berkshire Hathaway increases Delta stake with purchase of 976,507 shares

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMar 3rd, 2020

Warren Buffett"s Berkshire Hathaway Trims Apple Stake, Buys Into Kroger, Biogen

Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) trimmed its stake in Apple Inc. (NASDAQ: AAPL) by 37 million shares in the fourth quarter of 2019, acc read more.....»»

Category: blogSource: benzingaFeb 18th, 2020

Arista Networks shares drop 3% on decline in year-over-year revenue

Arista Networks Inc. shares were down 3% in after-hours trading Thursday after the cloud-networking provider reported fourth-quarter revenue that dropped from a year ago. Arista reported net income of $260.7 million, or $3.25 a share, in the quarte.....»»

Category: topSource: marketwatchFeb 13th, 2020

Warren Buffett sells newspapers, including in Greensboro and Winston-Salem

Berkshire Hathaway, owner of the Greensboro News & Record and the Winston-Salem Journal, announced it will sell its newspaper holdings to Lee Enterprises (NYSE: LEE) for $140 million. The deal does not include any of BH Media's real estate holdings......»»

Category: topSource: bizjournalsJan 29th, 2020

Warren Buffett gives up on newspapers; Berkshire sells unit to Lee Enterprises

Warren Buffett's Berkshire Hathaway Inc agreed to sell its newspaper business to Lee Enterprises Inc for $140 million in cash, abandoning an industry the billionaire investor had long defended even as its financial prospects deteriorated......»»

Category: topSource: reutersJan 29th, 2020

Warren Buffett’s Berkshire Hathaway takes stake in Bay Area retailer, trims Apple, Wells Fargo

Berkshire Hathaway disclosed Thursday that it bought a 1.2-million-share stake in luxury furniture retailer RH, formerly known as  Restoration Hardware, during the third quarter, sending the Corte Madera retailer’s shares up 7% in after-hours trad.....»»

Category: topSource: bizjournalsNov 15th, 2019

Warren Buffett"s Berkshire Hathaway boosts Bank of America stake to over 10%

Bank of America Corp. disclosed in a filing late Thursday that Warren Buffett's Berkshire Hathaway Inc. now owns a 950 million share stake in the bank. That's up from the 896,167,600 shares, or 9.4%, Berkshire disclosed it ow.....»»

Category: topSource: marketwatchJul 26th, 2019