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Warren Buffett's Berkshire Hathaway on Saturday posted its second straight record annual operating profit, with its insurance business benefiting from improved underwriting and higher income from investments as interest rates rose. Net income also reached a record $96.2 billion, as the rising stock market boosted the value of Berkshire's $354 billion equity portfolio, half of which is in Apple. In his annual letter to Berkshire shareholders, Buffett said Berkshire's insurance businesses performed "exceptionally well" - among them, Geico, where better underwriting qua...

Warren Buffett on Saturday moved to reassure investors that his conglomerate Berkshire Hathaway would serve them well over the long term, even as he mourned the recent passing of his longtime second-in-command Charlie Munger. In his widely-read annual letter to Berkshire shareholders, which accompanied a record $37.4 billion full-year operating profit, Buffett said his more than $900 billion conglomerate has become a fortress capable of withstanding even an unprecedented financial disaster. "Ber

By Jonathan Stempel NEW YORK (Reuters) - Berkshire Hathaway, the conglomerate led by billionaire Warren Buffett, paid $2.6 billion last month for the 20% of the Pilot Travel Centers truck stop business it did not already own, after resolving a laws...

By Jonathan Stempel (Reuters) - Warren Buffett's Berkshire Hathaway on Saturday posted its second straight record annual operating profit, with its insurance business benefiting from improved underwriting and higher income from investments as inter...

Dimon and his family intend to sell 1 million of their 8.6 million shares, the bank had said in a filing last October. Dimon, one of the longest serving chief executives on Wall Street, has sold off 821,778 shares of the bank so far. The bank has a market capitalization of more than $527 billion, according to LSEG data.