On Air Now

Current Show

Jerry Bader   9:00 AM - 11:00 AM

Call The Jerry Bader Show at 1-888-455-1360

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
65° Feels Like: 65°
Wind: W 6 mph Past 24 hrs - Precip: 0.01”
Current Radar for Zip

Today

Isolated Thunderstorms 79°

Tonight

Mostly Clear 56°

Tomorrow

Scattered Thunderstorms 80°

Alerts

Breaking News

BREAKING NEWS / URGENT: The State Supreme Court upholds Act 10, Voter ID, and the state's domestic partnership registry

MADISON, Wis (WSAU)  - The Wisconsin State Supreme Court upheld Act 10, the state law that limits the collective bargaining rights of state employees. The law from three years ago sparked protests at the state capital and led to the recall attempt against Governor Scott Walker. The court's ruling in favor of Act 10 was 5-2. Justice Michael Gableman wrote the lead opinion, which was also signed by Justices David Prosser, Pat Roggensack and Annette Ziegler. Justice Patrick Crooks concurre...

Read More »

Buffett's Berkshire dumps stake in Dish, Glaxo

Warren Buffett, Chairman of the Board and CEO of Berkshire Hathaway, poses for a portrait in New York October 22, 2013. REUTERS/Carlo Allegr
Warren Buffett, Chairman of the Board and CEO of Berkshire Hathaway, poses for a portrait in New York October 22, 2013. REUTERS/Carlo Allegr

(Reuters) - Warren Buffett's Berkshire Hathaway Inc eliminated its stake in Dish Network Corp in the fourth quarter and added a stake in financial giant Goldman Sachs, according to a regulatory filing on Friday.

Berkshire had taken the Dish position in the second quarter. The regulatory filing does not disclose exactly when in the fourth quarter that Berkshire sold its 547,312 shares in the satellite TV company. The stock jumped about 36 percent from the end of the second quarter to the end of last year.

The changes were disclosed in a U.S. Securities and Exchange Commission filing made public on Friday, which detailed Berkshire equity investments as of December 31.

U.S. regulators require large investors to disclose their stock holdings every quarter, and the disclosures can offer a window into their strategies for buying and selling stocks.

The filing also showed a new addition of 12,631,531 shares in Goldman Sachs Group Inc. Berkshire Hathaway disclosed in the previous quarter that it had exercised its warrant to buy shares of Goldman Sachs.

Berkshire converted warrants in Goldman Sachs acquired during the financial crisis.

Buffett received the warrants when his investment in Goldman was seen as a vote of confidence in the bank, which was reeling from turmoil in the credit market.

Calls and emails to Dish, Berkshire Hathaway and Goldman Sachs were not returned immediately.

Berkshire owns more than 80 businesses in such areas as insurance, railroads, utilities, chemicals and food.

(Luciana Lopez and Steven C. Johnson in New York; additional reporting by Bangalore newsroom; Editing by Peter Galloway)

Comments