Sunday, May 1, 2016

Berkshire Profit Climbs 8.2% to $5.59 Billion on Investments


  • Railroad slumps, insurance unit hit by claims on hail storms
  • Buffett books gain on Procter & Gamble stock in Duracell deal
Berkshire Hathaway Inc.’s profit rose 8.2 percent in the first quarter as gains at manufacturing units and the investment portfolio overseen by Chairman Warren Buffett offset a slump at insurance units and the railroad.
Net income climbed to $5.59 billion from $5.16 billion a year earlier, the Omaha, Nebraska-based company said Saturday in a statement with preliminary results.



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