Alexandre Rajbhandari

(Bloomberg) -- Berkshire Hathaway Inc. spent about $4.5 billion to buy back its own shares in the second quarter, providing shareholders with the largest quarterly payout since 2021.

Berkshire Hathaway Inc. padded its holdings in Delta Air Lines Inc. and Google parent Alphabet Inc. during the second quarter as Greg Abel began tapping into the company’s massive cash hoard.

The conglomerate continued to pare its stake in Bank of America Corp. and now owns 6.8% of the US lender’s shares.

As billionaire Mark Walter's insurance companies invested in bonds, they often relied on Egan-Jones, which provided the only known ratings for more than a fifth of those assets, according to industry records.

As billionaire Mark Walter’s insurance companies invested in bonds, they often relied on Egan-Jones, which provided the only known ratings for more than a fifth of those assets, according to industry records.

Sammons Financial Group reiterated to lenders that it has some distance from Mark Walter’s Guggenheim Partners, after a report last week focusing on the longstanding ties between the firms hit the value of the life insurer’s bonds.

When LeBron James signed up to lead the Los Angeles Lakers to NBA glory with a $154 million contract in 2018, it wasn’t the biggest deal he did that year.

Just months before he joined, a limited liability company he controls borrowed almost $300 million from a pair of Midwestern life insurers advised by an arm of Guggenheim Partners , according to insurance industry records reviewed by Bloomberg.

When LeBron James signed up to lead the Los Angeles Lakers to NBA glory with a $154 million contract in 2018, it wasn't the biggest deal he did that year.

Security Benefit Life Insurance Co., the Kansas-based insurer controlled by Wall Street veteran Todd Boehly, said it will restructure its $14 billion stockpile of collateral loans after such assets drew scrutiny from regulators.