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Buffett's Berkshire posts bigger loss as stocks fall; operating profit sets record

(Reuters) -Warren Buffett's Berkshire Hathaway Inc on Saturday posted its first overall quarterly loss in a year as the prices of Apple and other stocks it owns fell, but said improved results from insurance helped boost operating profit to a record. Rising interest rates boosted yields on Berkshire's vast U.S. Treasury bill holdings above 5%, while fewer car accidents and a quiet Atlantic hurricane season respectively bolstered the Geico car insurer and reinsurance businesses. Berks...
New York United States Jason Neely Jonathan Stempel Warren Buffett Berkshire Hathaway Inc On Fruit Of The Loom
Source: yahoo.com

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