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Warren Buffett's Berkshire Hathaway has a big stake in Eli Lilly and Co.
(NYSE: LLY), and it's about to shrink.
The company said in a regulatory filing that Buffett's company, Berkshire Hathaway Inc., reduced its stake in the company by 2.2 million shares, or 0.4%, on Sept.
30, reports the Wall Street Journal.
The shares were sold at a price of $555.32 each, leaving Buffett's Berkshire Hathaway Inc.
with a stake of about 10.66% of the company, down from 117.49% at the end of the second quarter.
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Selected Foundation News
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The 14 Northern Ireland social enterprises involved in cross-border programme to support sector.It's a collaborative two year programme focused on building new connections between established social...more
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The Warren County Board of Supervisors had four Action Items to deal with Tuesday, November 19.20 of 21 critical of an apparent supervisor majority of as many as four's effort to take over...more
Oregon commission approves redo of landmark climate program after lawsuit derailed it.The Climate Protection Program will regulate the emissions of fossil fuel suppliers.Some heavy energy users in...more
Foundation: Central Valley Community Foundation
Gavin Newsom made a stop in Fresno on Thursday, lauding the region's economic impact to the state and country.Newsom said he recognizes there is an air of anxiety due to the current political and...more
Foundation: Rush County Community Foundation
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Foundation: Arlington Community Foundation
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Spotlight
Is Corporate Philanthropy Dead?
Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however, Â cannot be tackled by questioning the return on investment.