Warren Buffett’s elephant

Warren Buffett is still looking for that big deal, or as he wrote in his annual letter, “an elephant-sized acquisition.” Earnings at Berkshire Hathaway jumped in the fourth quarter, but there was a $3 billion hit from the Kraft Heinz debacle.

Robert Kraft, the billionaire owner of the New England Patriots, and a pair of financial titans were ensnared in a prostitution sting in Florida.