Warren Buffett's Berkshire Hathaway said quarterly profit doubled to a record high, reflecting a large gain on its stake in Kraft Heinz, while operating profit declined on weaker results from insurance underwriting.
Warren Buffett's conglomerate Berkshire Hathaway posted a record profit in 2013, jumping 31 per cent over the previous year, the company said in its annual report.
Profit for the full year rose to $19.5 billion from $14.8 bill
Warren Buffett's Berkshire Hathaway Inc said its quarterly profit rose nearly 51 per cent on a solid performance in insurance and by many of its other businesses, as well as gains from investments and derivatives.
Warren Buffett tried to allay fears of Berkshire Hathaway shareholders about the company's future a and revealed that he recently tried to make one of the biggest acquisitions of his career.
The question of who will succeed Buffett, 81
Berkshire Hathaway chief executive Warren Buffett disclosed on Tuesday that he has stage one prostate cancer but said his condition" is not remotely life-threatening or even debilitating in any meaningful way."
Warren Buffett said his Berkshire Hathaway has accumulated a 5.5 percent stake in IBM, the billionaire investor's biggest bet in the technology field he has historically shunned.
Buffett, in a CNBC interview on Monday, said he had bought a
Warren Buffett's conglomerate Berkshire Hathaway reported a smaller third-quarter profit on Friday after losing more than $2 billion on derivatives related to stock market performance.
That was nearly three times what Berkshire lost on the
Warren Buffett said he is still eager to buy companies and stocks, even as his conglomerate Berkshire Hathaway launches its first-ever share buyback programme.
Buffett, in a CNBC interview, said on Friday the repurchases will not stop the
Warren Buffett's conglomerate Berkshire Hathaway reported a smaller profit for the first quarter, as reinsurance losses from the March 11 earthquake in Japan dragged down results.
But the company's quarterly report made no mention
The man widely seen as the leading successor to Warren Buffett at Berkshire Hathaway has resigned after buying shares in chemical company Lubrizol Corp before pushing Buffett to acquire it.
David Sokol's resignation is a reputational blow