Warren Buffett's Berkshire Hathaway posted first-quarter earnings Friday that doubled versus last year, buoyed by gains in its insurance businesses and derivatives holdings.
Berkshire Profit Doubles
Business and financial news - CNNMoney.com, CNN: Business
Fri, 05/04/2012 - 3:47pm
BING NEWS:
- Berkshire Reports Strong Earnings and Formidable Cash Stockpile
The company also disclosed in its first-quarter earnings that it had trimmed its stake in Apple, but Warren Buffett, its C.E.O., said he remained a fan of Apple.
05/4/2024 - 2:38 am | View Link - Berkshire posts record operating profit, net declines
Warren Buffett's Berkshire Hathaway Inc posted a record quarterly profit on Saturday, bolstered by a significant increase in income from insurance underwriting. Berkshire said net income fell 64%, reflecting much lower unrealized gains from its common stock holdings as the share price of Apple declined.
05/4/2024 - 1:19 am | View Link - More
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