Reported about 12 hours ago
Berkshire Hathaway reported a 17% increase in profits, totaling $30.796 billion for the quarter, thanks to a mild hurricane season and robust investment gains. As Warren Buffett prepares to step down as CEO in January, Vice Chair Greg Abel will take over, raising investor hopes for fresh strategies and possible dividends. Despite some declines in sectors like utilities and retail, the company's operating profit soared, reflecting strong performance in its insurance divisions.
Source: YAHOO