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Berkshire Hathaway Inc. is an American multinational conglomerate holding company with its headquarters in Omaha, Nebraska, United States. The company's primary business is insurance, which it uses to invest in various subsidiaries, equity positions, and other securities. Berkshire Hathaway operates in diverse sectors, including insurance, utilities, energy, manufacturing, service, and retail operations. The conglomerate is known for its decentralized structure, allowing autonomy to its subsidiaries.
The Lubrizol Corporation, a Berkshire Hathaway Company, has appointed Rebecca Liebert as President and CEO, effective October 3, 2022. She succeeds Mary Rhinehart, who served as interim CEO since March and will remain as Board Chair. Liebert comes from PPG Industries and has significant leadership experience, including roles at Honeywell UOP and Reynolds Food Packaging. Her appointment is expected to drive operational excellence and innovation as the company aims for future growth.
Index AR Solutions has partnered with Des Moines Area Community College (DMACC) to implement a groundbreaking immersive digital curriculum for training power line mechanic apprentices. This first-of-its-kind program, launched on August 24, utilizes Index's 20 eBook titles and 22 interactive mobile apps featuring augmented reality, effectively preparing students for careers in utilities such as MidAmerican Energy. The initiative responds to workforce development challenges while enhancing safety and skill acquisition through innovative technology.
Mouser Electronics has begun construction on a new 416,000-square-foot distribution center in Fort Worth, Texas, to enhance its global headquarters. This expansion aims to accommodate growing demand and will include advanced automation features, increasing efficiency and sustainability. Upon completion, the facility will cover nearly 1.5 million square feet, housing a vast inventory of over 1 million unique SKUs from more than 1,200 manufacturers. The new building's state-of-the-art systems are designed to improve customer satisfaction by reducing order processing times.
Berkshire Hathaway reported significant losses for the second quarter and first half of 2022, posting net earnings attributable to shareholders of $(43,755) million, down from $28,094 million in 2021. The company's operating earnings, however, increased to $9,283 million from $6,686 million in the second quarter of 2021. Investment and derivative losses amounted to $(53,038) million, overshadowing operational gains. A total of $1 billion was used for share repurchases in Q2, resulting in a six-month total of $4.2 billion. Insurance float remained stable at approximately $147 billion.
Berkshire Hathaway Inc. plans to release its second quarter earnings and quarterly report on Form 10-Q on August 6, 2022, at approximately 7:00 a.m. Central time. The earnings can be accessed at www.berkshirehathaway.com. Berkshire Hathaway engages in various business sectors, including insurance, utilities, transportation, manufacturing, and retail, with common stock traded under symbols BRK.A and BRK.B.
Mouser Electronics has been awarded the APS e-Catalogue Distributor of the Year by Molex, marking its fourth consecutive win in the Asia Pacific region. This recognition reflects Mouser's significant growth in customer count and point-of-sale performance in 2021. Previously, Mouser also won the Americas e-Catalog Distributor of the Year award multiple times. The award emphasizes the importance of high-service distribution, and Mouser aims to continue delivering exceptional service and innovation to meet customer needs.
Miracle Treat Day returns on July 28, allowing customers to support Children's Miracle Network Hospitals. For every Blizzard Treat purchased at participating DQ locations, $1 or more will be donated to local children's hospitals. The DQ brand has raised over $166 million for this cause since 1984. Actress Vanessa Lachey promotes the event, emphasizing the importance of supporting children's health. DQ encourages fans to spread awareness using the hashtag #MiracleTreatDay from July 21 to July 28.
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