Buffett investment firm wins again
Malaysia Sun
Monday 9th November, 2009
Billionaire Warren Buffett's Berkshire Hathaway investment firm saw profits make a solid jump in the third quarter.
Berkshire Hathaway said its net profit was $3.2 billion in the three months to September, compared to $1.1 billion in the same period last year.
The company's revenue was $29.9 billion, up from $27.9 billion a year ago.
Berkshire, which has major investments in such companies as Coca-Cola and US bank Goldman Sachs, last week announced it was buying US railroad Burlington Northern Santa Fe in its biggest deal to date.
The cost for the rail haulier is about $26 billion.
Malaysia Sun
Monday 9th November, 2009
Billionaire Warren Buffett's Berkshire Hathaway investment firm saw profits make a solid jump in the third quarter.
Berkshire Hathaway said its net profit was $3.2 billion in the three months to September, compared to $1.1 billion in the same period last year.
The company's revenue was $29.9 billion, up from $27.9 billion a year ago.
Berkshire, which has major investments in such companies as Coca-Cola and US bank Goldman Sachs, last week announced it was buying US railroad Burlington Northern Santa Fe in its biggest deal to date.
The cost for the rail haulier is about $26 billion.
