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Posts published in “Day: August 4, 2018”

UPDATE 3-Berkshire Hathaway profit surges as economy gives Buffett a boostUPDATE 3-Berkshire Hathaway profit surges as economy gives Buffett a boost

UPDATE 3-Berkshire Hathaway profit surges as economy gives Buffett a boost

By Railroad Worker News on August 4, 2018

(Recasts first paragraph, adds financial details throughout) Aug 4 (Reuters) - Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said quarterly operating profit rose 67 percent, as insurance underwriting rebounded and several business units benefited from a growing economy. Results easily topped analyst forecasts. Underwriting profit at the Geico auto insurance…

UPDATE 2-Berkshire Hathaway profit surges as economy gives Buffett a boostUPDATE 2-Berkshire Hathaway profit surges as economy gives Buffett a boost

UPDATE 2-Berkshire Hathaway profit surges as economy gives Buffett a boost

By Railroad Worker News on August 4, 2018

(Adds comment, details from quarterly results) Aug 4 (Reuters) - Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday reported a 67 percent increase in quarterly operating profit, as insurance underwriting rebounded and several businesses benefited from a growing economy and improving demand. Results easily topped analyst forecasts. Underwriting profit at the…