Warren Buffett’s successor released his first letter to Berkshire Hathaway shareholders on Saturday as the company took a $4.5 billion write-down on the value of its Kraft Heinz and Occidental Petroleum stakes.
More than 60 people charged for speeding in St. Johns County since Florida’s ‘Super Speeder’ law went into effectFentanyl, cocaine, MDMA and more among drugs seized by police during takedowns near Moncrief Park, Northside: JSO Missing Jacksonville man found alive, stuck in ‘quicksand’ in Putnam County, went days without food, water: PCSO St.
Johns County residents feel ‘overlooked’ in push for change over new median causing traffic challenges JSO officer accused of falsely claiming $14K of overtime was with girlfriend instead, who was also his boss: Sheriff JSO bodycams capture officers' 19-second interaction that ended in deadly shooting of 62-year-old outside his son's homeFoggy start to Saturday, cooler temperatures after much-needed rainfallRead full article: 17-year-old dies, 2 more seriously hurt after Union County crash: FHP A local 8th grader is making his area proud after putting on a masterclass in spelling at Fort White High School.Read full article: Columbia County 8th grader wins 2026 First Coast Spelling Bee Police are increasing their presence ahead of a busy weekend, nearly one week after a shooting that injured five teenagers following an unpermitted “takeover” event that coincided with the Seawalk Music Festival. ‘Plan to stay away from it’: Jax Beach residents hoping to steer clear from unpermitted events as police stay vigilant Read full article: ‘Plan to stay away from it’: Jax Beach residents hoping to steer clear from unpermitted events as police stay vigilantFILE - Berkshire Hathaway Vice Chairman Greg Abel is seen at the CenturyLink Center, May 5, 2018, in Omaha, Neb. FILE - Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview with Liz Claman on Fox Business Network's"Countdown to the Closing Bell," May 7, 2018, in Omaha, Neb. FILE - Berkshire Hathaway Vice Chairman Greg Abel is seen at the CenturyLink Center, May 5, 2018, in Omaha, Neb. successor released his first letter to Berkshire Hathaway shareholders on Saturday as the company took a $4.5 billion write-down on the value of its Kraft Heinz and Occidental Petroleum stakes.took over as CEO in January, so this is his chance to set the tone for his leadership. Investors are watching closely for any changes he might make, but Abel and Buffett have said there won't be significant changes in the way Berkshire operates.The letter opens with a tribute to Buffett and a promise to maintain Berkshire culture and continue operating the same way that has worked so well for six decades.and the largest shareholder, so he's still helping guide the Omaha, Nebraska-based conglomerate he built. But Abel is now writing the annual letters that were always known as one of the most-read business reports out there because so many investors admired and followed Buffett because of his remarkable track record and homespun wit and advice. Abel will also be the only one answering questions at the shareholder meeting in May while Buffett watches from the floor with the rest of the board.suggesting Berkshire is considering sell off some or all of its 325 million Kraft Heinz shares. But Buffett may have supported that move because he had made comments about how Berkshire overpaid when it helped Heinz merge with Kraft, and he had been critical of packaged food giant's plan to split into two companies. Many investors have tried to copy the moves Buffett made in Berkshire's But Berkshire is powered by the dozens of companies it owns including major insurers like Geico, the BNSF railroad, a number of major utilities and an assortment of manufacturing and retail firms. Berkshire owns well-known brands like Dairy Queen and See’s Candy along with some of the companies that supply what other industries need like Precision Castparts, Lubrizol and Iscar Metalworking. Abel already knows many of Berkshire’s companies well because he has been managing all of the non-insurance companies since 2018, and the executives who report to him have praised his insights into their different businesses. Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.4 arrested after toddler exposed to meth left inside sippy cup, NCSO saysFlorida bill aims to keep kids buckled in booster seats longerWe’re taking you behind-the-scenes as Concourse B takes shape at JAXNew VyStar SkySkape entrance ready to open soon at the Jacksonville ZooResidents push for stricter e-bike rules at St. Augustine Beach town hallJAXPORT highlights ‘Jax Forward’ strategy, record growth at 2026 State of the Ports addressResidents on Sevilla Drive in St. Johns County frustrated over new medianOfficer accused of falsely claiming OT was with girlfriend instead, who was also his boss: JSOJacksonville council president issued subpoena over controversial text mentioning ‘big favor’River City Guide: Guaranteed fun to end the month - Feb. 26 - March 1
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