Latest news with #Omaha-based
Time of India
3 days ago
- Business
- Time of India
Warren Buffett donates whopping $6 billion Berkshire shares! Highest charity by billionaire in nearly 2 decades; total crosses $60 billion
Warren Buffett, chairman and CEO of Berkshire Hathaway (Image credits: AP) Billionaire investor Warren Buffett donated $6 billion worth of Berkshire Hathaway stock on Friday to the Bill & Melinda Gates Foundation and four family-run charities. This marks his largest annual donation since he began giving away his fortune in 2006. The donation included about 12.36 million Class B shares of Berkshire Hathaway. Of that, 9.43 million shares went to the Gates Foundation, while 9,43,384 shares were donated to the Susan Thompson Buffett Foundation. Three other foundations, led by Buffett's children Howard, Susie, and Peter, each received 660,366 shares. These are the Howard G Buffett Foundation, the Sherwood Foundation, and the NoVo Foundation. With this latest donation, Buffett's total charitable giving has now exceeded $60 billion. Despite the large gift, he still owns 13.8% of Berkshire's stock, as per Reuters. Buffet's net worth and previous donations: Before Friday's donation, Buffett's net worth was estimated at $152 billion, making him the fifth-richest person in the world, according to Forbes. Following the donation, he is expected to rank sixth. This gift surpasses the $5.3 billion he gave away in June last year, and the $1.14 billion he donated to family charities in November. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending Local Enterprise Accounting Software [Click Here] Accounting ERP Click Here Undo In a statement, Buffett reaffirmed that he does not plan to sell any Berkshire shares. Now 94, he has led Omaha-based Berkshire Hathaway since 1965. The $1.05 trillion company owns nearly 200 businesses, including Geico and BNSF Railway, as well as large stakes in Apple and American Express. Last year, Buffett revised his will to leave 99.5% of his remaining fortune to a charitable trust after his death. The trust will be overseen by his three children, who will have about ten years to distribute the funds, and must decide together how the money is allocated. Buffett has previously said that donations to the Gates Foundation will stop after his death. What each Buffett Family foundation supports: Causes and impact The Susan Thompson Buffett Foundation focuses on reproductive health. The Sherwood Foundation supports Nebraska-based nonprofits and early childhood education. The Howard G Buffett Foundation works to address global hunger, human trafficking, and conflict resolution. The NoVo Foundation advocates for marginalised girls, women and indigenous communities. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
CNBC
6 days ago
- Business
- CNBC
JPMorgan for now isn't buying that Bill Ackman can create the next Berkshire Hathaway
JPMorgan isn't convinced that Bill Ackman's vision to transform real estate developer Howard Hughes Holdings into a "modern-day" Berkshire Hathaway will soon prove fruitful. The Wall Street investment bank downgraded its rating on Howard Hughes to neutral from overweight Monday after Ackman's Pershing Square struck a deal in May to boost its holding to nearly 47% through a new investment of $900 million. "Pershing Square and Bill Ackman's intention is to use the cash infusion into the company to make investments outside real estate (perhaps into insurance) and turn HHH into a diversified holding company," JPMorgan analysts led by Anthony Paolone said. "As a result, we don't think the thesis of strong real estate performance narrowing the [net asset value] gap and/or the company taking actions to narrow the NAV gap (i.e., buybacks, go-privates, asset sales, etc.) is as prevalent as it was prior." Ackman intends to turn Howard Hughes from a real estate company with master-planned communities into a company with controlling stakes in other public and private businesses, much like Warren Buffett's Berkshire. Ackman previously said it is "highly likely" that he will build or buy an insurance company for Howard Hughes, which would mirror the history of the Omaha-based conglomerate, which owns auto insurer Geico and other insurance and reinsurance businesses. HHH YTD mountain Howard Hughes shares in 2025. JPMorgan believes the direction of the stock will increasingly depend on the potential new investments Ackman makes for Howard Hughes, which creates an uncertain outlook. "The restructuring of the company and shift in control to Pershing Square and Bill Ackman changes the focus to being a diversified holding company," JPMorgan said. "We think the stock and thesis will depend more on what these new investments are precisely." As part of its call, the bank also lowered its year-end price target on Howard Hughes by more than 7%, to $76 per share from $82 per share. The new target is still 14% higher than Monday's close at $66.75. Howard Hughes, based outside Houston, has fallen more than 13% so far in 2025, on track to decline for the third year in four.
Associated Press
16-06-2025
- Associated Press
Top Omaha Drug Lawyer Spotlights Alarming Warrantless Surveillance On I-80 After Drug Possession Bust
Omaha, NE Criminal Defense Lawyer Exposes Dangerous Warrantless Surveillance On I-80 Revealed After 30-Pound Carfentanil Drug Bust 'If a cop can run your plate through a national network and see your movements without a warrant, that's a dangerous precedent. It doesn't just affect suspected drug traffickers. It affects everyone.'— Criminal Defense Attorney Daniel Stockmann OMAHA, NE, UNITED STATES, June 16, 2025 / / -- After the recent seizure in Omaha, NE of 30 pounds of carfentanil, a synthetic opioid estimated to be 100 times stronger than fentanyl, Omaha-based drug charges lawyer, Daniel Stockmann, is sounding the alarm about the basis on which this arrest may have been made. While officials are touting the bust as a major success, Stockmann is urging the public to pay closer attention to the surveillance technologies being used behind the scenes by law enforcement. As reported by KETV NewsWatch 7 on May 21, 2025, Nebraska State Patrol officers, along with local and federal partners, stopped a vehicle near Seward, NE and uncovered the unprecedented carfentanil stash during what they claimed was a routine traffic stop. Authorities said the amount of the confiscated drug could potentially harm millions of people. Top Omaha, NE, interstate drug trafficking lawyer Daniel Stockmann, argues that the benefits of such a drug possession bust do not outweigh the growing threat of law enforcement's pervasive and rapidly-expanding omnipotence through the use of new technological advancements. Instead, he's raising alarms over potential Constitutional rights infringements leading to such arrests, particularly regarding the increasing use of Automated License Plate Readers (ALPRs). These scanners quietly track vehicles' movements, compiling massive amounts of data, often without a warrant and with little public scrutiny. 'ALPRs make everyone a suspect by default,' Stockmann said. 'They collect where you go in your car, when you go, and how often. That's continual public surveillance without consent - and without judicial oversight.' The concern is growing nationwide. A recent investigation by 404 Media uncovered that a law enforcement official utilized a nationwide license plate scanner network to track a woman's vehicle as she crossed state lines while seeking medical treatment. While that case dealt with a controversial medical procedure, Stockmann stresses that the implications of the incident are much more dire. 'This Automated License Plate Readers technology is being framed as a tool for crime prevention, but in practice, it's enabling widespread government surveillance which could then be used to initiate unlawful drug arrests on I-80,' he said. He added that these tools are being quietly integrated into drug interdiction efforts along key corridors like Interstate 80, often without drivers knowing their data is being collected, or how it might be used. 'If a cop can run your plate through a national network and see your movements without a warrant, that's a dangerous precedent,' Stockmann warned. 'It doesn't just affect suspected drug traffickers. It affects everyone.' These concerns are not new for well-known Omaha drug defense attorney Stockmann. For years, he has urged a closer look at how traffic stops are conducted along I-80. He's pointed to patterns that suggest out-of-state drivers are being targeted, particularly near areas like Lincoln and Seward. Stockmann has spent over 15 years challenging drug-related traffic stops on I-80 and has long maintained that out-of-state drivers and minority motorists are disproportionately targeted. He previously issued statements highlighting racial profiling and vague reasons for initiating vehicle searches. 'This isn't just about one drug bust. It's about the bigger picture; where we're heading as a society if we don't draw a clear line between legitimate law enforcement and unconstitutional overreach,' Stockmann said. 'Constitutional rights still matter, even on the highway.' Daniel Stockmann Nebraska Interstate Drug Defense +1 402-884-1031 email us here Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
13-06-2025
- Business
- Yahoo
The Root Coworking Set to Open New Location in Downtown Omaha on June 23rd
OMAHA, Neb., June 13, 2025--(BUSINESS WIRE)--The Root, an Oklahoma-based coworking and hospitality brand, is set to open the doors to The Root - Builders, its first location in Omaha's newest downtown neighborhood, the Builders District. The company has transformed over 25,000 square feet of the 1501 Mike Fahey building, bringing downtown Omaha its unique and elevated style of flexible coworking, offices, meeting rooms, and event space. This marks The Root's fourth location and its second outside of Oklahoma, where the brand originated from. The expansion into Omaha aligns with the company's mission to foster vibrant, community-focused workspaces in emerging neighborhoods. "We've been eyeing Omaha for a while, and when we were introduced to this opportunity in the Builders District, we knew it was the perfect fit," said Ben Von Drehle, Founder & CEO of The Root Coworking. "The neighborhood is growing fast, it's walkable, it's packed with energy — everything we look for when choosing a new home for our brand, and our members." The new location, referred to as "The Root - Builders," is being developed in partnership with Omaha-based Noddle Companies. It will feature private offices, team suites, flexible workspaces, meeting rooms, a private event space, a podcast studio, and an in-house espresso bar, along with a range of other premium amenities. Designed with a focus on hospitality and community building, the Omaha location will carry forward The Root's signature style — blending modern work amenities with curated, local touches. "Whether you're a freelancer, remote worker, a startup team, or enterprise company looking to land your new HQ, our goal is to make coming to work something you and your team actually look forward to," added Von Drehle. Located just blocks from Charles Schwab Field and Creighton University, and surrounded by a growing mix of residential, retail, and office developments, The Root - Builders is poised to be a key player in the ongoing revitalization of the Builders District. The Root will be opening their doors on Monday, June 23rd to the public, and will be offering a free week of coworking, and daily community events to anyone interested in trying out the space. They are currently offering exclusive founding member discounts and perks to those who sign up for a membership before the official launch date. For more information, visit About The Root Coworking Founded in 2019, The Root Coworking is a hospitality-forward coworking brand focused on building inclusive, energizing spaces for professionals and teams of all sizes. With locations in Oklahoma and Arkansas, and now expanding to Nebraska, The Root is redefining what it means to love where you work. View source version on Contacts Media Contact: Ben Von DrehleFounder & CEO, The Root Coworkingben@ Instagram: @therootcoworking Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
13-06-2025
- Business
- Business Wire
The Root Coworking Set to Open New Location in Downtown Omaha on June 23rd
OMAHA, Neb.--(BUSINESS WIRE)--The Root, an Oklahoma-based coworking and hospitality brand, is set to open the doors to The Root - Builders, its first location in Omaha's newest downtown neighborhood, the Builders District. The company has transformed over 25,000 square feet of the 1501 Mike Fahey building, bringing downtown Omaha its unique and elevated style of flexible coworking, offices, meeting rooms, and event space. This marks The Root's fourth location and its second outside of Oklahoma, where the brand originated from. The expansion into Omaha aligns with the company's mission to foster vibrant, community-focused workspaces in emerging neighborhoods. 'We've been eyeing Omaha for a while, and when we were introduced to this opportunity in the Builders District, we knew it was the perfect fit,' said Ben Von Drehle, Founder & CEO of The Root Coworking. 'The neighborhood is growing fast, it's walkable, it's packed with energy — everything we look for when choosing a new home for our brand, and our members.' The new location, referred to as 'The Root - Builders,' is being developed in partnership with Omaha-based Noddle Companies. It will feature private offices, team suites, flexible workspaces, meeting rooms, a private event space, a podcast studio, and an in-house espresso bar, along with a range of other premium amenities. Designed with a focus on hospitality and community building, the Omaha location will carry forward The Root's signature style — blending modern work amenities with curated, local touches. 'Whether you're a freelancer, remote worker, a startup team, or enterprise company looking to land your new HQ, our goal is to make coming to work something you and your team actually look forward to,' added Von Drehle. Located just blocks from Charles Schwab Field and Creighton University, and surrounded by a growing mix of residential, retail, and office developments, The Root - Builders is poised to be a key player in the ongoing revitalization of the Builders District. The Root will be opening their doors on Monday, June 23rd to the public, and will be offering a free week of coworking, and daily community events to anyone interested in trying out the space. They are currently offering exclusive founding member discounts and perks to those who sign up for a membership before the official launch date. For more information, visit About The Root Coworking Founded in 2019, The Root Coworking is a hospitality-forward coworking brand focused on building inclusive, energizing spaces for professionals and teams of all sizes. With locations in Oklahoma and Arkansas, and now expanding to Nebraska, The Root is redefining what it means to love where you work.
