Berkshire Hathaway Inc's energy unit has changed its name to Berkshire Hathaway Energy from MidAmerican Energy Holdings Co, the largest of a growing list of businesses to adopt the name of the company run by billionaire Warren Buffett. The change "reflects the benefits we gain from Berkshire Hathaway's ownership, particularly our ability to reinvest in our businesses and take a long-term view of our customers' needs," Greg Abel, the unit's chief executive, said in a statement on Wednesday.MidAmerican's new name also reflects a recent trend in which the company Buffett took over in 1965, when it was a failing textile maker, sees its name planted on an array of units.Berkshire ranks fourth in Fortune magazine's list of the world's most admired companies."MidAmerican doesn't mean much to anybody. Berkshire does," said Andy Kilpatrick, who last week released a revised version of his book, "Of Permanent Value: The Story of Warren Buffett." "Having a recognized brand name could be a door opener for bringing in business."
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A traded higher by 0.09% or $180.0/share to $192725.00. In the past year, the shares have traded as low as $159100.00 and as high as $192399.00. On average, 400 shares of BRK-A exchange hands on a given day and today's volume is recorded at 147.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B fell by 0.01% or $-0.01/share to $128.48. In the past year, the shares have traded as low as $105.97 and as high as $128.74. On average, 3946920 shares of BRK-B exchange hands on a given day and today's volume is recorded at 2335331.
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