FRANKFURT — Berkshire Hathaway may have found a way to get back some of the hundreds of millions of dollars it lost after buying a seemingly solid German pipe maker that turned out to be on the verge of going bust.
The conglomerate, led by Warren E. Buffett, is suing Jones Day, the law firm that represented the owners of the pipe maker when it was sold to a Berkshire Hathaway subsidiary in 2017. The lawsuit, filed late last month, accuses Jones Day of helping to trick Berkshire Hathaway into paying five times what the German company was worth.
There is not much chance that Berkshire Hathaway will recover any money from the sellers of the pipe maker, Wilhelm Schulz, which was named for its founder. The shareholders have declared bankruptcy and are facing a criminal investigation in Germany. But Jones Day is a prominent international law firm with deeper
The U.S. semiconductor industry may need to rely more heavily on government investment to build new plants in coming years, executives and officials said Monday at an event marking the expansion of Minnesota’s largest chip factory.
The growing cost of new chip factories — the most advanced of which exceed $10 billion — and the need to keep up with chipmakers in countries where government help is common are pushing the U.S. chip industry and government together in a way not seen since the 1980s.
The U.S. Department of Defense paid $170 million to fund SkyWater Technology Inc.’s third clean room at its factory near the Mall of America in Bloomington.
The company will use the room, which is bigger than the size of a football field and about four stories in height, in part to build radiation-hardened chips. Such chips, known as rad-hard and a relatively small portion of
Experienced parents know that exercising good parenting skills can be very confusing. You have a good relationship with your teen, you treat them with respect, and listen to them when they speak. How do they react; by snapping back at you and being arrogant! It seems that they are trying (and almost succeeding) to sabotage a great relationship and you don’t know what you are doing wrong.
Sounds familiar? If you want to stay calm, undaunted and continue to love your child become familiar with and learn “The Law of the Soggy Potato Chip”.
Psychologist Fitzhugh Dodson wrote in How to Discipline With Love (1977) that children would rather have negative attention than no attention at all, just as children would rather have a soggy potato chip than no potato chip at all. Simply put, the “Law of the Soggy Potato Chip” states that, when there is no choice, the … Read More