Sunday, November 9, 2008

BLOWOUT: Berkshire Hathaway Profit Falls 77%

Buffett, 78, is finding opportunity amid the turmoil, investing in nuclear power, chewing gum and Wall Street as results slump at Berkshire's insurance units and businesses tied to housing. He committed at least $28 billion this year to acquire companies, finance buyouts and purchase securities as prices fall and competitors are hobbled by limited access to credit.

Read more Berkshire Hathaway Profit Falls 77%


Source: bloomberg

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