Berkshire Hathaway has rported net earnings of $2.3bn, compared to $1.4bn for the same quarter in 2005...
Berkshire Hathaway has reported net earnings of $2.3bn, compared to $1.4bn for the same quarter in 2005.
The company said insurance underwriting operations accounted for some $330m of the net earnings, up from $319m.
According to reports, Berkshire head Warren Buffet has also amassed a $45bn acquisition chest.
While there is uncertainty as to potential acquisition targets, expectations are that Buffet will announce a major acquisition shortly.
