Pursuits
Berkshire Profit Rises 43% to $4.38 Billion on Railroad
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Berkshire Hathaway Inc.’s quarterly profit rose 43 percent to the highest since 2007 on derivative gains and earnings from the railroad that billionaire Chairman Warren Buffett bought last year.
Fourth-quarter net income advanced to $4.38 billion, or $2,656 a share, from $3.06 billion, or $1,969, a year earlier, Omaha, Nebraska-based Berkshire said today on its website.