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☆ Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%
▼ + stars: | 2024-06-18 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. The Omaha, Nebraska-based conglomerate purchased Occidental shares every trading day from June 5 to Monday, totaling an additional 7.3 million shares with purchase prices slightly under or above $60, filings showed. The purchases brought Berkshire's holding to over 255 million shares, or a 28.8% stake. Occidental is Berkshire's sixth biggest stock holding, while the conglomerate has become Occidental's biggest institutional investor by far. Berkshire also owns $10 billion of Occidental preferred stock, and has warrants to buy another 83.9 million common shares for $5 billion, or $59.62 each.

Persons: Warren Buffett, Warren Buffett's Berkshire Hathaway, Buffett, oilman Armand Hammer, Vicki Hollub Organizations: Berkshire Hathaway, Occidental Petroleum, Occidental, Anadarko Petroleum, Berkshire, Oracle, CNBC Locations: Omaha , Nebraska, Houston, Berkshire, Occidental, Omaha, America

☆ Armand Hammer Keeps a Foot in the Past, but Its Eyes on the Future
▼ + stars: | 2023-09-26 | by ( Marcus J. Moore | ) www.nytimes.com time to read: +1 min

New York is filled with signs advertising cash in exchange for diabetic test strips. The whole thing is absurd to the rappers Billy Woods and Elucid of Armand Hammer. Over the past few years, the prolific Woods has become one of rap’s most popular indie voices. Elucid, a poet, producer and M.C., has been turning out sonically challenging work that can best be classified as art-rap. Their music harks back to the mid-1990s era of New York rap, when the topics were bleak and the beats were sullen.

Persons: Billy Woods, Armand Hammer, “ It’s, ” Elucid, “ ‘, Woods, “, ”, Thom Yorke, Elucid Locations: York, cavatelli, Queens, New York

☆ Warren Buffett at 93: All of the big moves from the still-active investing legend in the past year
▼ + stars: | 2023-08-30 | by ( Yun Li | ) www.cnbc.com time to read: +4 min

Before turning 93 on Wednesday, Warren Buffett made a number of astute moves in the past 12 months that helped push his conglomerate Berkshire Hathaway to an all-time high. Buying T-bills Buffett's massive cash hoard swelled to nearly $150 billion at the end of the second quarter. And the only question for next Monday is whether we will buy $10 billion in 3-month or 6-month" T-bills, Buffett told CNBC. Ramping up Japan bet Buffett recently hiked his stakes in five Japanese trading houses — Itochu , Marubeni , Mitsubishi , Mitsui and Sumitomo — to more than 8.5%. Occidental stake tops 25% Buffett also kept buying the dip in Occidental Petroleum , now owning a quarter of the oil giant.

Persons: Warren Buffett, Berkshire Hathaway, he's, Buffett, Treasurys, Chamath Palihapitiya, oilman Armand Hammer, NVR, Todd Combs, Ted Weschler, Benjamin Moore Organizations: Buffett, Berkshire, CNBC, Japan, Mitsubishi, Mitsui, Sumitomo, Social, Occidental, Occidental Petroleum, Clayton Homes, Berkshire Hathaway Energy Locations: Berkshire, Fitch's, U.S, Japan, Occidental, Horton

☆ Berkshire Hathaway boosts Occidental stake to 25%. Why Warren Buffett loves this energy play so much
▼ + stars: | 2023-06-29 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway keeps buying the dip in Occidental Petroleum , now owning a quarter of the oil giant. The conglomerate purchased an additional 2.1 million Occidental shares on Monday, Tuesday and Wednesday, boosting its stake in the Houston-based energy producer to 25.1%, a new regulatory filing showed. Berkshire now owns 224.1 million shares, worth $12.9 billion based on Wednesday's closing price of $57.46. The buying spree this year came as Occidental shares pulled back after a stellar 2022. Berkshire also owns $10 billion of Occidental preferred stock, and has warrants to buy another 83.9 million common shares for $5 billion, or $59.62 each.

Persons: Warren, Berkshire Hathaway, oilman Armand Hammer, Vicki Hollub, she's, Buffett, Hollub Organizations: Occidental Petroleum, Occidental, Berkshire, Buffett, Cities Service Locations: Occidental, Houston, Berkshire

☆ Warren Buffett bought more Occidental shares in each of the last six trading days
▼ + stars: | 2023-05-19 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway bought more shares of Occidental Petroleum in each of the last six trading days, boosting its stake in the Houston-based oil-and-gas producer to 24.4%, according to regulatory filings. The Omaha-based conglomerate purchased a total of of 5.6 million shares for $327.2 million over the past six sessions at an average price of $58 a share. Berkshire now owns 217.3 million shares with a market value of nearly $12.7 billion. Shares of Occidental rose nearly 2% in premarket trading Friday. Berkshire owns $10 billion of Occidental preferred stock, and has warrants to buy another 83.9 million common shares for $5 billion, or $59.62 each.

☆ Changes hit The Wall Street Journal during new EIC Emma Tucker's first week, as she installs a chief of staff and the paper's veteran managing editor departs
▼ + stars: | 2023-02-10 | by ( Steven Perlberg | ) www.businessinsider.com time to read: +3 min

Taneth Evans, who previously ran audience development at The Times of London, will be Tucker's chief of staff, three Journal sources said. The top editorial ranks at The Wall Street Journal are already changing under new Editor-in-Chief Emma Tucker. Tucker has tapped Taneth Evans as her chief of staff, according to three Journal sources. On Monday, the British-born Tucker addressed Journal staff for the first time from the paper's New York headquarters. Pensiero held a variety of roles during her tenure, including editor for newsroom standards and managing editor for international.

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