Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li><keyword id="12242577" type="UNKNOWN" weightage="60" keywordseo="carl-icahn" source="Orion">Carl Icahn</keyword> revealed a nearly 5% stake in <keyword id="12258080" type="UNKNOWN" weightage="60" keywordseo="southwest-gas" source="Orion">Southwest Gas</keyword> this week.</li><li>The billionaire investor urged the utility not to buy <keyword id="12258081" type="UNKNOWN" weightage="60" keywordseo="questar" source="Orion">Questar</keyword> Pipeline for almost $2 billion.</li><li>Icahn highlighted several problems at Southwest, including rising costs and tensions with regulators.</li></ul>Carl Icahn disclosed an almost 5% stake in <a href="https://markets.businessinsider.com/stocks/swx-stock">Southwest Gas</a>, and derided the utility's nearly $2 billion deal to buy Questar Pipeline, in a <a href="https://www.sec.gov/Archives/edgar/data/921669/000119312521291764/d408348ddfan14a.htm">Securities and Exchange Commission filing</a> on Tuesday.The billionaire investor and Icahn Enterprises boss revealed his position after Reuters <a href="https://www.reuters.com/business/energy/exclusive-southwest-gas-nears-questar-deal-after-buffett-lost-out-sources-2021-10-03/">reported</a> on Monday that Southwest was close to purchasing Questar from <a href="https://markets.businessinsider.com/stocks/d-stock">Dominion Energy</a>. Despite Icahn's opposition, the two <keyword id="11917806" type="UNKNOWN" weightage="60" keywordseo="energy" source="Orion">energy</keyword> companies have <a href="https://investors.swgasholdings.com/news-releases/news-release-details/southwest-gas-holdings-acquire-questar-pipeline-dominion-energy">announced</a> the transaction will go ahead.Icahn detailed his concerns in a scathing <a href="https://carlicahn.com/open-letter-to-southwest-gas-board-of-directors/">open letter</a> to Southwest's board of directors. He called out the company's bosses for making "egregious errors at the expense of shareholders," and emphasized that acquiring Questar would "make all past errors pale in comparison" and destroy shareholder value.The activist investor criticized Southwest executives for buying non-regulated assets in recent years, while their peers were selling peripheral assets to focus on regulated utilities. He also accused them of letting expenses balloon, hurting Southwest's credit profile, and failing to refresh the board. Moreover, he called out the company's declining return on equity and lackluster shareholder returns in recent years, and noted that its worsening relationship with regulators had caused "immeasurable damage.""Even if you were not overpaying, this is no time for management with the many problems you have (including with regulators) to embark on a major new investment, especially when you have shown an inability to manage and control what you already own," Icahn said.The energy company should focus on fixing its existing issues instead, as that could help increase its value by 75% or more, he argued. Southwest didn't immediately respond to a request for comment from Insider.<keyword id="11915967" type="UNKNOWN" weightage="60" keywordseo="warren-buffett" source="Orion">Warren Buffett</keyword>'s <a href="https://markets.businessinsider.com/stocks/brk-b-stock">Berkshire Hathaway</a> struck a <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-strike-10-billion-deal-dominion-energy-2020-7">$10 billion deal</a> with Dominion to buy Questar and other assets last year, but scrapped the Questar portion of the transaction after regulators pushed back.Buffett and Icahn previously crossed paths when another of Icahn's holdings, <a href="https://markets.businessinsider.com/stocks/oxy-stock">Occidental Petroleum</a>, secured $10 billion in financing from Berkshire in 2019 to fund its $37 billion takeover of Anadarko Petroleum.In exchange, Occidental handed over $10 billion worth of preferred stock paying a 8% dividend, along with about $1.2 billion worth of warrants to buy its stock at a discount in the future. Icahn, who loudly opposed the merger, <a href="https://www.sec.gov/Archives/edgar/data/797468/000103456319000011/oxydfan14a072219.htm">complained</a> that Buffett had taken Occidental's CEO "to the cleaners," and later <a href="https://markets.businessinsider.com/news/stocks/carl-icahn-blasted-occidental-petroleums-warren-buffett-deal-again-2020-4">ranked</a> it among the "most ridiculous deals" he had ever seen.

Billionaire investor Carl Icahn reveals an almost 5% stake in Southwest Gas - and blasts the utility's $2 billion deal to buy Questar Pipeline

<ul class="summary-list"><li><keyword id="11915967" type="UNKNOWN" weightage="60" keywordseo="warren-buffett" source="Orion">Warren Buffett</keyword> deployed and committed about $22 billion in the first quarter.</li><li><keyword id="11915968" type="UNKNOWN" weightage="60" keywordseo="berkshire-hathaway" source="Orion">Berkshire Hathaway</keyword> spent $10 billion on Oxy and <keyword id="11990318" type="UNKNOWN" weightage="60" keywordseo="hp" source="Orion">HP</keyword> stock, and made a $12 billion deal for <keyword id="13596445" type="UNKNOWN" weightage="60" keywordseo="alleghany" source="Orion">Alleghany</keyword>.</li></ul>Warren Buffett was <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-scored-billions-gain-apple-stock-profit-washed-up-2020-6-1029293940">castigated</a> for not snapping up discounted <keyword id="11893878" type="UNKNOWN" weightage="60" keywordseo="stocks" source="Orion">stocks</keyword> and striking lucrative deals when the pandemic tanked the stock market in March 2020. His recent shopping spree should give him plenty to boast about during <a href="https://markets.businessinsider.com/stocks/brk-b-stock">Berkshire Hathaway</a>'s annual shareholder meeting later this month.Buffett's company spent and committed a total of $22 billion in the first quarter of this year, marking one of its most aggressive buying periods of the pandemic so far. It <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-oxy-stock-occidental-petroleum-energy-oil-2022-3">plowed</a> about $7 billion into <a href="https://markets.businessinsider.com/stocks/oxy-stock?utm_medium=ingest&amp;utm_source=markets">Occidental Petroleum</a> stock over the 13 trading days between February 28 and March 16. It <a href="https://markets.businessinsider.com/stocks/y-stock">disclosed</a> a deal to acquire insurer Alleghany for $11.6 billion in cash on March 21. It also <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-hp-hewlett-packard-tech-stock-portfolio-2022-4">revealed</a> an 11.4% stake in <a href="https://markets.businessinsider.com/stocks/hpq-stock?utm_medium=ingest&amp;utm_source=markets">HP</a> on April 6, after spending more than $3 billion building that position last quarter.Between Occidental and HP, Buffett's company piled upwards of $10 billion into stocks last quarter. For comparison, it spent a total of $8.4 billion on stocks over the course of 2021, and less than $8 billion in three of the four quarters of 2020.Investors will have to wait until Berkshire's first-quarter earnings and 13-F portfolio update in May to learn how much it spent on stocks, and which names it added to its portfolio in the first quarter. Still, it's safe to say the conglomerate significantly ramped up its stock purchases in the period.It's a similar story with Berkshire's Alleghany deal, which dwarfs its other big transaction of the pandemic: a $10 billion deal to buy Dominion <keyword id="11917806" type="UNKNOWN" weightage="60" keywordseo="energy" source="Orion">Energy</keyword>'s natural-gas assets. That deal ultimately shrunk in size, as Berkshire scrapped its $1.7 billion takeover of Dominion's Questar Pipeline Group in the face of regulatory scrutiny.Berkshire's deployment and commitment of $22 billion last quarter rivals its recent annual spending on stock buybacks. Berkshire spent a record $25 billion on share repurchases in 2020, then set a new record in 2021, when it laid out north of $27 billion.It's worth noting that $22 billion won't make a huge dent in Berkshire's cash pile, which swelled to nearly $150 billion during the pandemic. Buffett, a renowned bargain hunter, has <a href="https://www.businessinsider.com/warren-buffett-80-billion-headache-dilemma-expensive-stocks-businesses-deals-2021-5?r=US&amp;IR=T">balked</a> at buying stocks trading near record highs, or bidding against private equity firms and special-purpose acquisition companies (SPACs) for acquisitions. However, his recent flurry of purchases and deals suggests he's overcome those challenges for now.

Warren Buffett's Berkshire Hathaway announced $22 billion of investments last quarter — marking a huge increase in its spending

<ul class="summary-list"><li><keyword id="6358963" type="DEFINITION" weightage="60" keywordseo="Warren-Buffett">Warren Buffett</keyword> has been chasing an "elephant-sized" acquisition for years.</li><li>The investor has seen two huge deals collapse over regulatory concerns this month.</li><li>Buffett's company scrapped a $1.7 billion pipeline purchase, while <keyword id="240071" type="COMPANY" weightage="60" keywordseo="Aon">Aon</keyword> shelved a $30 billion merger.</li></ul>Warren Buffett has been hunting for his next "elephant-sized" acquisition for <a href="https://markets.businessinsider.com/news/stocks/why-warren-buffett-unhappy-berkshire-hathaway-record-137-billion-cash-2020-4">several years now</a>. The famed investor and <keyword id="6362665" type="ORGANIZATION" weightage="60" keywordseo="berkshire-hathaway">Berkshire Hathaway</keyword> CEO may think twice about pulling the trigger after seeing two billion-dollar deals collapse this month.Berkshire's energy unit <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-strike-10-billion-deal-dominion-energy-2020-7">struck a $10 billion deal</a> to buy <keyword id="4245584" type="PERSON" weightage="60" keywordseo="dominion-energy">Dominion Energy</keyword>'s natural gas transmission and storage business last summer. After completing the bulk of the transaction in November, it scrapped its plan to buy the Questar Pipeline Group from Dominion for $1.7 billion earlier this month. It wasn't clear whether the purchase would get antitrust clearance from the Federal Trade Commission, Dominion explained in a <a href="https://www.prnewswire.com/news-releases/dominion-energy-and-berkshire-hathaway-energy-agree-to-terminate-sale-of-questar-pipelines-dominion-energy-commencing-competitive-sale-process-301331402.html">statement.</a>The two companies were right to question whether approval would be granted. "It is disappointing that the FTC had to expend significant resources to review this transaction when we previously filed suit in 1995 to block the same combination," the agency said in a <a href="https://www.ftc.gov/news-events/press-releases/2021/07/statement-regarding-berkshire-hathaway-energys-termination">statement</a>. "This is representative of the type of transaction that should not make it out of the boardroom."Buffett's company suffered another blow when Aon terminated its $30 billion merger with <keyword id="3396160" type="PERSON" weightage="60" keywordseo="Willis-Towers-Watson">Willis Towers Watson</keyword> this week. Aon, a professional-services firm, was Berkshire's <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-q1-stocks-aon-chevron-wells-fargo-2021-5">sole addition</a> to its stock portfolio in the first quarter of this year; it held 4.1 million shares worth $943 million at the end of March.Like Dominion, Aon nixed its deal because of regulatory concerns, CEO Greg Case said in a <a href="https://ir.aon.com/about-aon/investor-relations/investor-news/news-release-details/2021/Aon-and-Willis-Towers-Watson-Mutually-Agree-to-Terminate-Combination-Agreement/default.aspx">statement</a>. The company had hit a brick wall with the <keyword id="99225" type="ORGANIZATION" weightage="60" keywordseo="Justice-Department">Justice Department</keyword>, as officials didn't buy Aon's claim that a merger would accelerate innovation, or that Aon and Willis' overlapping businesses operated in competitive <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>.There's no way to know whether either transaction would have been cleared by the Trump administration. Yet it's clear that the FTC's new boss, Lisa Khan, is concerned about monopolies and willing to rein in and potentially break up some of the nation's biggest companies.Buffett is facing a combination of hefty price tags, fierce competition for acquisitions from private equity firms and SPACs, and tougher antitrust rules. Against that backdrop, the investor could be lugging around his elephant gun for a while yet.

Warren Buffett's next 'elephant-sized' acquisition may face antitrust risks after regulators tanked 2 megadeals this month

<ul class="summary-list"><li><keyword id="6358963" type="DEFINITION" weightage="60" keywordseo="Warren-Buffett">Warren Buffett</keyword>'s <keyword id="6362665" type="ORGANIZATION" weightage="60" keywordseo="berkshire-hathaway">Berkshire Hathaway</keyword> abandoned plans to buy a $1.3 billion natural gas pipeline.</li><li>Buffett's energy company operates in states where the pipeline runs, which seller said the FTC could have used to block the deal.</li><li>The abandoned purchase signals that Buffett sees a growing federal regulatory threat.</li></ul>Washington's beefing up its <keyword id="21588" type="COMPANY" weightage="60" keywordseo="Antitrust">antitrust</keyword> regulatory muscle, and billionaire investor Warren Buffet is seemingly well aware of it.The Berkshire Hathaway owner's energy subsidiary <a href="https://www.businesswire.com/news/home/20210712005414/en/Berkshire-Hathaway-Energy-and-Dominion-Energy-Agree-to-Terminate-the-Sale-of-Questar-Pipeline-Group">said</a> Monday it's throwing out plans to buy a $1.3 billion natural gas pipeline that operates in 16 states, including Utah, Wyoming, and Colorado. Those are territories where his subsidiary's energy company also runs, as <a href="https://edition.cnn.com/2021/07/12/investing/berkshire-hathaway-buffett-questar-purchase-canceled/index.html">CNN</a> noted.Berkshire Hathaway owning two pipelines that serve customers in the same states could have raised eyebrows from the Federal Trade Commission, which the company and the pipeline's seller acknowledged in a Monday press release."The decision is a result of ongoing uncertainty associated with achieving clearance from the Federal Trade Commission under the Hart-Scott-Rodino Antitrust Improvements Act of 1976," Dominion, which was set to sell its Questar Pipelines to the company, <a href="https://news.dominionenergy.com/2021-07-12-Dominion-Energy-and-Berkshire-Hathaway-Energy-Agree-to-Terminate-Sale-of-Questar-Pipelines-Dominion-Energy-Commencing-Competitive-Sale-Process">said.</a>Dominion said it already sold gas transmission and storage assets to Berkshire in November, a deal that won't be affected by the pipeline purchase termination and that was originally worth <a href="https://www.reuters.com/article/us-dominion-m-a-berkshire/buffetts-berkshire-to-buy-dominion-energy-gas-assets-for-4-billion-idUSKBN2460TN">$4 billion,</a> plus $5.7 billion that Berkshire Hathaway agreed to take on in debt.Berkshire Hathaway Energy and Dominion declined to comment on this story.Both Buffett and Dominion backing away from the pipeline deal shows that even the rich and powerful understand the regulatory threat currently posed by the US government - specifically from the FTC.The agency is now helmed by Lina Khan, <a href="https://www.businessinsider.com/ftc-chair-lina-khan-antitrust-critic-big-tech-amazon-2021-6">a big tech critic whose extensive antitrust law background</a> has reshaped modern-day antitrust discussion. Khan, a Democrat, is joined by two other Democratic commissioners and two Republicans.Apart from the FTC's new make-up, lawmakers are also zeroing in on reshaping antitrust regulation in the US. <a href="https://www.businessinsider.com/congress-big-tech-bills-facebook-google-apple-amazon-antitrust-2021-6">Congress unveiled a package of five bills in June</a> that are intended to keep big tech companies from becoming too large and powerful.And just last week, President Joe Biden <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2021/07/09/fact-sheet-executive-order-on-promoting-competition-in-the-american-economy/">signed an executive order</a> to combat corporate consolidation, or mergers, in the US economy, a move the administration said would increase healthy competition.

Warren Buffett reversed plans to buy a $1.3 billion pipeline to avoid antitrust scrutiny - and its shows how the rich and powerful see Washington's growing regulatory threat

Welcome to 10 Things Before the <keyword id="11907548" type="UNKNOWN" weightage="60" keywordseo="opening-bell" source="Orion">Opening Bell</keyword>.If this was forwarded to you, <a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell">sign up here.</a> Plus, download Insider's app for news on the go - <a href="https://apps.apple.com/app/apple-store/id554260576?pt=385758&amp;ct=06292021_newsletters&amp;mt=8amp;mt=8">click here for iOS</a> and<a href="https://play.google.com/store/apps/details?id=com.freerange360.mpp.businessinsider"> here for Android</a>.Join our live event Oct. 14: What employers can do to support working parents. <a href="https://www.businessinsider.com/insider-webinar-how-employers-can-support-parents-and-caregivers-2021-9">Register here.</a>Let's get into it.1. Global stocks are rising after McConnell offered to extend the debt ceiling deadline to December. With a US default less likely, Friday's monthly jobs figures are in focus, while bitcoin trades around five-month highs. <a href="https://markets.businessinsider.com/news/stocks/stock-market-today-us-debt-ceiling-compromise-bitcoin-price-2021-10">See what's moving on the markets</a>.2. Gary Gensler says popular leveraged ETFs carry serious risks for retail investors. These funds could pose a systemic threat to the financial system at large, said the SEC Chair. <a href="https://markets.businessinsider.com/news/etf/etf-retail-investors-sec-gary-gensler-leveraged-inverse-complex-etp-2021-10">Read Gensler's full warning</a>.3. Goldman Sachs named their stock picks for the upcoming earnings season. The firm is looking at the stocks with the most upside relative to current levels. See their 40 picks - <a href="https://www.businessinsider.com/stocks-to-buy-q3-earnings-season-goldman-sachs-high-upside-2021-10">including two that could nearly double.</a>4. Earnings on deck: Lawson Inc., ConAgra Foods, and Tilray, all <a href="https://markets.businessinsider.com/earnings-calendar">reporting.</a> 5. Billionaire activist investor Carl Icahn revealed a nearly 5% stake in Southwest Gas. He also blasted the utility's $2 billion deal to buy Questar Pipeline. He highlighted several problems including rising costs - <a href="https://markets.businessinsider.com/news/stocks/carl-icahn-southwest-gas-questar-pipeline-dominion-energy-deal-letter-2021-10">see his full comments here</a>.6. Cathie Wood's flagship fund dumped nearly all of its Nintendo stake. The move comes ahead of the video game company's Switch console update. <a href="https://markets.businessinsider.com/news/stocks/cathie-wood-nintendo-stake-flagship-fund-switch-oled-console-update-2021-10">Get the scoop on why analysts aren't bullish on Nintendo.</a>7. Retail investors are dumping shares of COVID-19 vaccine makers and swapping for antiviral pill maker Merck. The pill is meant to cut COVID risks, and individual investors have bought $288 million worth of Merck stock since last Friday. <a href="https://markets.businessinsider.com/news/stocks/merck-stock-antiviral-retail-investors-vaccine-covid-moderna-biontech-pfizer-2021-10">One analyst expects the emerging trend to continue to grow.</a>8. Gambling helplines have seen a roughly 50% surge in day-trading-related calls amid the SEC's 'gamification' probe of retail brokerages. The sharp uptick stems from a user experience that blurs the line between gambling and investing, said one expert. <a href="https://markets.businessinsider.com/news/stocks/gambling-day-trading-robinhood-retail-investors-tenev-sec-gamification-brokers-2021-10">The CEO of Robinhood had a different response. </a>9. Meet a 33-year-old real estate mogul co-owns 167 rental units. He rehabs homes after putting zero money down, and then looks for a tenant to qualify for a conventional loan. <a href="https://www.businessinsider.com/real-estate-investor-rental-units-using-the-brrrr-method-strategy-2021-10">He explained the pros and cons to his property-buying strategy. </a>10. Bitcoin to $70,000 by December? This Wall Street veteran-turned crypto trading CEO thinks so. B2C2 CEO Rob Catalanello shared why he anticipates a bitcoin boom - <a href="https://www.businessinsider.com/altcoins-to-buy-bitcoin-price-forecast-wall-street-veteran-trader-2021-10">and also gave his two undervalued altcoin picks.</a>Insider is publishing new crossword puzzles every morning through October 8. <a href="https://www.insider.com/play-the-insider-crossword-puzzle-2021-9">Solve today's crossword here.</a>Compiled by Phil Rosen. Feedback? Email <a href="mailto:prosen@insider.com">prosen@insider.com</a> or tweet <a href="https://twitter.com/philrosenn">@philrosenn</a>.Sign up for <a href="https://www.businessinsider.com/subscription/newsletter">more Insider newsletters here</a>.

10 things before the opening bell

<div class="KonaFilter image-container display-table"><div><div class="image on-image">Oceanwide PlazaAn artist's rendering of the Park Deck at Oceanwide Plaza, a new luxury development set to be finished in 2020.</div></div></div><ul class="summary-list"><li><a href="https://www.businessinsider.com/category/luxury-apartments" target="_blank" rel="noopener">Luxury apartment buildings</a> are offering increasingly lavish amenities to attract tenants.</li><li>Rooftop <a href="https://www.businessinsider.com/category/running" target="_blank" rel="noopener">running</a> tracks and <a href="https://www.businessinsider.com/category/dogs" target="_blank" rel="noopener">dog</a> parks, outdoor movie theaters, residents-only <a href="https://www.businessinsider.com/category/bars" target="_blank" rel="noopener">bars</a> and <a href="https://www.businessinsider.com/category/restaurants" target="_blank" rel="noopener">restaurants</a> are just a few of the fancy perks developers are offering.</li><li>People are gravitating toward places that offer "hotel-like living in their home," Douglas Elliman president Scott Durkin told Mansion Global.</li></ul> Luxury apartment buildings are going to increasingly greater lengths to attract tenants, offering outrageous amenities that include rooftop running tracks and dog parks, outdoor movie theaters, and residents-only bars and restaurants.This move reflects a shift in what luxury buyers and renters are looking for. These days, <a href="https://www.mansionglobal.com/articles/luxury-should-leave-you-breathless-says-douglas-elliman-president-113749" target="_blank" rel="noopener">people don't necessarily always want the largest home,</a> according to Scott Durkin, president and COO of real estate brokerage Douglas Elliman."They want to be more eco-friendly and responsible," Durkin told Mansion Global in a recent interview. "They also like the idea of hotel-like living in their home."The epitome of a building that's going heavy on the amenities just might be <a href="http://www.oceanwideplaza.com/" target="_blank" rel="noopener">Oceanwide Plaza</a> in the South Park neighborhood of <a href="https://www.businessinsider.com/category/los-angeles" target="_blank" rel="noopener">Los Angeles</a>, which will include a 100-foot high, two acre "sky park" with two dog parks, a basketball court, lawns, a swimming pool, and a running track when it's finished in 2020. Below the sky park, the building will be wrapped in a 700-foot LED screen. The developers even tapped a celebrity trainer to run the building's wellness programming.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Oceanwide PlazaA rendering of Oceanwide Plaza's "sky park."</div></div></div>The "sky park" concept - which seems to mean an elevated outdoor space loaded with amenities - can also be seen at 414 Light Street in <a href="https://www.businessinsider.com/category/baltimore" target="_blank" rel="noopener">Baltimore</a>, a newly-built apartment tower with 40,000 square feet of outdoor and indoor amenity space. The seventh-floor outdoor area includes a pool, al fresco dining space, and an outdoor movie theater with a 16-foot screen.Indoors, the building offers a fireside retreat room, a game room, media room, entertainment kitchen and bar, <a href="https://www.businessinsider.com/category/yoga" target="_blank" rel="noopener">yoga</a> and <a href="https://www.businessinsider.com/category/meditation" target="_blank" rel="noopener">meditation</a> room, fitness room, and a business lounge.Apartments in the 44-story building, which includes studios, one-bedroom and two-bedroom units, cost between $1,890 and $8,000 a month.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Questar PropertiesA rendering of the 7th floor "sky park" at 414 Light St. in Baltimore.</div></div></div>As Business Insider previously reported, another perk luxury apartments are rolling out comes in the shape of fancy and <a href="https://www.businessinsider.com/luxury-apartment-buildings-exclusive-restaurants-bars-free-drinks-2018-9" target="_blank" rel="noopener">resident-exclusive restaurants</a>, reserved for those who live in the building. In Miami, one <a href="https://www.businessinsider.com/craziest-luxury-real-estate-perks-2016-8#chauffeur-service-via-tesla-4" target="_blank" rel="noopener">luxury building provided its residents with Tesla</a>-driving chauffeurs.And developers aren't forgetting about their tenants' pets. Dog-owning residents will have their pick of two dog parks at Oceanwide Plaza, while 414 Light St. in Baltimore offers not only a pet park, but a pet spa for the furry residents.<div class="KonaFilter image-container display-table"><div><div class="image on-image">Questar PropertiesThe dog spa at 414 Light St. in Baltimore.</div></div></div> <div class="margin-top"> <h3>NOW WATCH: <a href="https://www.businessinsider.com/sc/wedding-guests-are-surprised-by-their-true-origins-2018-11">These wedding guests are about to discover their true origins</a></h3> <div> </div> </div>

Luxury apartment buildings are offering more outrageous amenities than ever to attract tenants, from rooftop gyms and dog spas to outdoor movie theaters

<ul><li><keyword id="6358963" type="DEFINITION" weightage="60" keywordseo="Warren-Buffett">Warren Buffett</keyword>'s <keyword id="6362665" type="ORGANIZATION" weightage="60" keywordseo="berkshire-hathaway">Berkshire Hathaway</keyword> struck a $10 billion deal to buy <keyword id="4245584" type="PERSON" weightage="60" keywordseo="dominion-energy">Dominion Energy</keyword>'s <keyword id="6354703" type="UNKNOWN" weightage="60" keywordseo="natural-gas">natural gas</keyword> transmission and storage business.</li><li>Berkshire's <keyword id="6357014" type="ORGANIZATION" weightage="60" keywordseo="energy">energy</keyword> unit will pay about $4 billion in cash and shoulder $5.7 billion in existing debt in exchange for over 7,700 miles of pipelines, 900 billion cubic feet of storage, and other assets.</li><li>"We are very proud to be adding such a great portfolio of natural gas assets to our already strong energy business," Buffett said in a press release on Sunday.</li><li>The deal is Berkshire's biggest since its takeover of Precision Castparts in 2016, and comes after Buffett was panned for his inactivity during the pandemic.</li><li><a href="https://www.businessinsider.com/international?r=US&amp;IR=Thttps://www.businessinsider.com/international?r=US&amp;IR=Tamp;IR=T">Visit Business Insider's homepage for more stories</a>.</li></ul>Warren Buffett's Berkshire Hathaway has <a href="https://www.businesswire.com/news/home/20200705005028/en/Berkshire-Hathaway-Inc.%E2%80%99s-Energy-Company-Acquire-Dominion">reached a $10 billion deal</a> to acquire Dominion Energy's natural gas transmission and storage business, signaling the famed investor is willing to write big checks in the middle of a raging pandemic.Berkshire Hathaway Energy, the energy unit of Buffett's conglomerate, will pay about $4 billion in cash and take on $5.7 billion of existing debt.In exchange, it will bolster its $100 billion asset portfolio with over 7,700 miles of natural gas pipelines, about 900 billion cubic feet of Dominion-operated natural gas storage, and other infrastructure.Berkshire will gain total ownership of Dominion Energy Transmission, Questar Pipeline, and Carolina Gas Transmission.Read more: <a href="https://www.businessinsider.com/investing-strategy-stock-market-crash-post-coronavirus-asset-allocation-jpmorgan-2020-7" target="_blank" rel="noopener">JPMORGAN: The coronavirus crisis has decimated one of the safest defenses long-term investors have against stock-market crashes. Here are 4 ways to pivot your portfolio now.</a>It will also own 50% of Iroquois Gas Transmission System, and 25% of Cove Point LNG, one of only six export terminals for liquefied natural gas in the US."We are very proud to be adding such a great portfolio of natural gas assets to our already strong energy business," Buffett said in a press release on Sunday.Berkshire expects the deal, which requires approval from competition regulators, to close in the fourth quarter of this year.<h2>Back on the attack</h2>Berkshire's Dominion deal should help to quash claims that Buffett has lost a step and can't cut the kinds of deals he did during previous market downturns.For example, the famed investor struck lucrative agreements with <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-goldman-sachs-sale-billions-return-bailout-2020-5-1029212109">Goldman Sachs</a>, <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-invested-3-billion-general-electric-ge-2008-crisis-2020-6-1029327040#">General Electric</a>, <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-loaned-300-million-harley-davidson-2009-financial-crisis-2020-6-1029306090#">Harley-Davidson</a>, <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-spent-billions-help-mars-buy-wrigley-2008-crisis-2020-7-1029366581">Mars</a>, and other companies during the 2008 financial crisis.Read more: <a href="https://www.businessinsider.com/stock-picks-to-buy-big-gains-q2-earnings-season-goldman-2020-7?r=US&amp;IR=TIR=T">GOLDMAN SACHS: Buy these 13 stocks that are poised to crush the market within the next 2 weeks as earnings season gets underway</a>Buffett has been <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-8-reddit-users-speculate-berkshire-hathaway-boss-2020-4-1029128890">unusually inactive</a> during the coronavirus pandemic, despite his stated desire to deploy a big chunk of Berkshire's <a href="https://markets.businessinsider.com/news/stocks/why-warren-buffett-unhappy-berkshire-hathaway-record-137-billion-cash-2020-4-1029181516">$137 billion cash pile</a>.Instead of going on the offensive during the stock-market crash in March and April, he added to Berkshire's cash reserves in the <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sold-6-billion-stock-april-2020-5-1029156743">first quarter</a>, then <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sold-airline-stocks-april-2020-5-1029156875">sold his stakes</a> in the "big four" US airlines.However, Berkshire's purchase from Dominion — its largest deal since its <a href="https://www.businessinsider.com/berkshire-hathaway-to-buy-precision-castparts-2015-8?r=US&amp;IR=TIR=T">takeover of Precision Castparts</a> in 2016 — shows Buffett is willing to use his cash, and still able to find opportunities despite the Federal Reserve's unprecedented market interventions.Buffett is also sticking to his value-investing philosophy rather than giving up and paying higher prices. Natural gas futures tumbled to a 25-year low in June, allowing Buffett to buy Dominion's assets at a discount."It's very positive that he's sending a signal for the right deal at the right price, $10 billion or more, 'We're ready to go, we're ready to invest,'" David Kass, a <keyword id="25455" type="ORGANIZATION" weightage="60" keywordseo="finance">finance</keyword> professor at the University of Maryland, <a href="https://www.bloomberg.com/news/articles/2020-07-05/buffett-s-berkshire-ends-deal-drought-with-dominion-energy-bet">told Bloomberg</a>.Read more: <a href="https://www.businessinsider.com/next-stock-market-crash-technical-analysis-indicators-to-watch-bofa-2020-7?r=US&amp;IR=TIR=T">Bank of America identifies 3 indicators that could make or break the stock market this summer – and warns they're all deteriorating fast</a>

You Searched For "questar" and got 7 results

Billionaire investor Carl Icahn reveals an almost 5% stake in Southwest Gas - and blasts the utility's $2 billion deal to buy Questar Pipeline

Theron Mohamed

Warren Buffett's Berkshire Hathaway announced $22 billion of investments last quarter — marking a huge increase in its spending

Theron Mohamed

Warren Buffett's next 'elephant-sized' acquisition may face antitrust risks after regulators tanked 2 megadeals this month

Theron Mohamed

Warren Buffett reversed plans to buy a $1.3 billion pipeline to avoid antitrust scrutiny - and its shows how the rich and powerful see Washington's growing regulatory threat

Katie Canales

10 things before the opening bell

Phil Rosen

Luxury apartment buildings are offering more outrageous amenities than ever to attract tenants, from rooftop gyms and dog spas to outdoor movie theaters

Katie Warren

Warren Buffett's Berkshire Hathaway strikes $10 billion deal with Dominion Energy for natural gas assets

Theron Mohamed

Popular Keywords

Buying Guides