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Berkshire is accused in New York lawsuit of workers’ compensation ‘siphoning’

September 13, 2016 by · Leave a Comment 

By Jonathan Stempel NEW YORK (Reuters) – Berkshire Hathaway Inc has been sued by a New York bicycle courier company over an alleged illegal scheme to cheat employers buying workers' compensation policies. The complaint, filed late Friday by Breakaway Courier Systems, came as Berkshire's Applied Underwriters unit faces scrutiny over its workers' compensation policies, including some that have been banned by California, Vermont and Wisconsin. Breakaway, with about 300 employees, accused Berkshire and Applied of “siphoning” premiums through a web of illegal shell companies, with …

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Berkshire is accused in New York lawsuit of workers’ compensation ‘siphoning’

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Daimler hires Deloitte for internal emissions probe

April 30, 2016 by · Leave a Comment 

Daimler has hired auditor Deloitte Touche Tohmatsu to help with an internal investigation into its diesel-engine emissions technology requested by the U.S. Department of Justice, the luxury car maker said. The investigation is to see if Daimler used devices to manipulate

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Daimler hires Deloitte for internal emissions probe

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German finmin criticizes Volkswagen management over bonuses: paper

April 30, 2016 by · Leave a Comment 

Germany's finance minister Wolfgang Schaeuble has criticized the executive board of scandal-ridden carmaker Volkswagen for not waiving bonuses despite bringing the company to the brink of collapse. “I have no sympathy for managers who first drive a large blue chip-listed company into an existence-threatening crisis and then defend their own bonuses in a public debate,” Schaeuble told German weekly Frankfurter Allgemeine Sonntagszeitung. “That shows that something is not working….

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German finmin criticizes Volkswagen management over bonuses: paper

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Buffett defends Berkshire’s Coke stake, warns on BNSF

April 30, 2016 by · Leave a Comment 

Warren Buffett on Saturday defended several of Berkshire Hathaway Inc's larger or struggling investments, including Coca-Cola and the BNSF railroad. Speaking to tens of thousands of shareholders at Berkshire's annual meeting in Omaha, Nebraska, Buffett and Vice Chairman Charlie Munger also touched on many other issues including the 2016 U.S. presidential election, the risks of derivatives, and big losses at…

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Buffett defends Berkshire’s Coke stake, warns on BNSF