Berkshire Hathaway settles antitrust lawsuit - WDAM-TV 7-News, Weather, Sports-Hattiesburg, MS

Berkshire Hathaway settles antitrust lawsuit

Berkshire Hathaway will pay a settlement in an antitrust lawsuit. (Source: CNN) Berkshire Hathaway will pay a settlement in an antitrust lawsuit. (Source: CNN)
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    Sunday, May 28 2017 12:25 PM EDT2017-05-28 16:25:46 GMT
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  • Trump eyes White House overhaul, outside lawyers and PR team

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    Trump faces a slew of political and policy challenges at home and intensifying inquiries into allegations his campaign had contacts with Russian officials before he entered the White House.

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  • Trump makes G-7 deal on trade, takes rain check on climate

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    A source at the Group of Seven summit says the seven wealthy democracies have reached a deal to give the Trump administration time to tell them whether the United States plans to stay in the Paris climate agreement.

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(CNN) – Warren Buffet admits his firm made a mistake and will pay a nearly $900,000 settlement to the federal government.

Berkshire Hathaway acknowledged it should have told regulators about plans to acquire a building supply company last December.

The Justice Department filed a lawsuit saying the firm needed to disclose the deal with USG Corporation to allow for an antitrust review Berkshire Hathaway is now the largest owner of the company and holds a 28 percent stake.

A judge still has to sign off the settlement.

Copyright 2014 CNN. All rights reserved.

  • Local NewsLOCALMore>>

  • BREAKING

    8 dead in Mississippi shooting; slain deputy and suspect identified

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    Sunday, May 28 2017 12:20 PM EDT2017-05-28 16:20:17 GMT
    Willie Corey Godbolt (Source: MS Bureau of Investigation)Willie Corey Godbolt (Source: MS Bureau of Investigation)

    The MS Bureau of Investigation confirms eight people were shot and killed overnight in Lincoln County. One of those dead includes a Lincoln County deputy.

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    The MS Bureau of Investigation confirms eight people were shot and killed overnight in Lincoln County. One of those dead includes a Lincoln County deputy.

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  • USM to face Rice for C-USA baseball tournament crown

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    Sunday, May 28 2017 1:19 AM EDT2017-05-28 05:19:25 GMT
    Photo credit: WDAMPhoto credit: WDAM
    First came the dramatic, followed by the emphatic, as the University of Southern Mississippi turned the tables on the University of Charlotte Saturday at MGM Park. Taylor Braley hit a two-run home run in the bottom of the ninth inning as the Golden Eagles scored five runs in their final two at-bats to claim a 6-5 victory against the 49ers in the semifinals of The First, A National Banking Association, Conference USA Championship. That forced a second game between the two, and Southe...More >>
    First came the dramatic, followed by the emphatic, as the University of Southern Mississippi turned the tables on the University of Charlotte Saturday at MGM Park. Taylor Braley hit a two-run home run in the bottom of the ninth inning as the Golden Eagles scored five runs in their final two at-bats to claim a 6-5 victory against the 49ers in the semifinals of The First, A National Banking Association, Conference USA Championship. That forced a second game between the two, and Southe...More >>
  • USM forces second semifinal game with Charlotte after walk-off home run

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