Warren Buffett's Berkshire Hathaway Inc agreed to pay an $896,000 fine to settle U.S. government accusations that it violated antitrust rules by failing to report a transaction that boosted its stake in building products company USG Corp.The civil penalty, which requires court approval, settles charges made on Wednesday by the U.S. Department of Justice and Federal Trade Commission that Berkshire violated the Hart-Scott-Rodino antitrust law by not telling regulators about the Dec. 9, 2013 transaction in advance.That law requires regulatory approval for some transactions, and is designed to help protect competition. Berkshire corrected its error on Jan. 3, 2014."We made a mistake when we overlooked the filing requirement," Buffett, who is chairman and chief executive of Omaha, Nebraska-based Berkshire, said in a statement.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A fell by 0.05% or $-111.0/share to $202489.00. In the past year, the shares have traded as low as $163038.00 and as high as $203355.00. On average, 271 shares of BRK-A exchange hands on a given day and today's volume is recorded at 325.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B traded higher by 0.01% or $0.01/share to $134.91. In the past year, the shares have traded as low as $108.12 and as high as $135.85. On average, 2660140 shares of BRK-B exchange hands on a given day and today's volume is recorded at 1715511.
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