American clothing maker; Berkshire Hathaway subsidiary since 2002
Berkshire Hathaway has nearly doubled its stake in Lennar to about 25.4 million shares, valued at roughly $2.1 billion, as the housing market slows and mortgage rates stay high. The purchases occurred between Sept. 17 and Sept. 21, with additional buys reported later in the week. Lennar’s quarterly results were weak, and Berkshire’s move is seen as a classic value play within the portfolio, guided by Ted Weschler.
Berkshire Hathaway has increased its investment in Italian tech group Bending Spoons, lifting its stake to 4% after a $330 million private placement. The move comes after a strong IPO performance and follows previous investments that have helped drive the company’s growth and deal activity.
Protests across Dhaka and industrial zones over a proposed minimum wage of 30,000 taka continue as the government forms a six-member wage board to review workers’ demands. The garment sector, a major export earner, faces disruption as thousands of workers demand higher pay amid rising living costs.
Protests over proposed wage increases amid rising living costs have disrupted Bangladesh’s garment hubs, forcing factory closures and travel disruptions. Police have clashed with workers, while a wage board is set to implement a revised pay scale in December with new salaries due in January.