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Buffett's Berkshire Hathaway Wins OK to Buy 50% Occidental Stake

Buffett’s Berkshire Hathaway Wins OK to Buy 50% Occidental Stake

Occidental’s stock price shot up 9.9%, closing $6.41 at $71.29, after the Federal Energy Regulatory Commission (FERC) said letting Berkshire add to its 20.2% stake “was consistent.” with the public interest”. Berkshire had filed to increase its stake on July 11, saying it would not harm competition, undermine the regulatory authority or increase costs for …

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Buffett's Berkshire Hathaway Gets Approval to Buy Up to Half of Occidental

Buffett’s Berkshire Hathaway Gets Approval to Buy Up to Half of Occidental

Berkshire Hathaway on Friday won the approval of a US energy regulator to buy up to 50 percent in Occidental Petroleum, giving Warren Buffett’s company the opportunity to massively increase its stake in one of the US oil industry’s most storied producers. The Federal Energy Regulatory Commission said Berkshire’s proposal to increase its $60 billion …

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Warren Buffett Gets Clearance to Buy Up to Half of Occidental Petroleum, Boosting Stocks

Warren Buffett Gets Clearance to Buy Up to Half of Occidental Petroleum, Boosting Stocks

Warren Buffett at a press conference during the Berkshire Hathaway Shareholders’ Meeting, April 30, 2022. CNBC Warren Buffett’s Berkshire Hathaway received approval Friday to buy up to 50% of oil giant Occidental Petroleum. Shares of Occidental rose 10% on the news to above $70 apiece, pushing their profits to more than 140% in 2022. On …

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Best Buy to sell over-the-counter hearing aids this fall

Best Buy to sell over-the-counter hearing aids this fall

See what’s clicking on FoxBusiness.com. Best Buy says it will be selling an expanded collection of hearing aids this fall, including over-the-counter (OTC) hearing aids that were recently approved in a final rule by the Food and Drug Administration. In addition, the consumer electronics retailer will launch a new online hearing assessment tool and host …

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