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COPENHAGEN – Sweden’s Social Democratic government said Saturday it is endorsing the sale of state-owned Vattenfall AB’s four coal mines and mining assets in Germany to Czech investors, sparking harsh reactions from environmentalists.
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Businesses and Pest Management + MORE Jun 26th
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A new poll revealed that a quarter of Canadians feel the financial advice they inherited from older generations no longer applies in 2025. For Gen Z, that number jumps to 34%. And for big-ticket purchases, the gap is even bigger: almost half of 18 to 34 year olds say traditional home-buying advice n.... More »
Berkshire Hathaway’s 1Q profit up 8 per cent on paper gain
– canadianbusiness.com
OMAHA, Neb. – Berkshire Hathaway’s first-quarter profit grew 8 per cent largely because of the way it had to account for its Duracell acquisition on paper, but profits fell at its BNSF railroad and at its insurance units.
CEO Warren Buffett offered a preview of the first-quarter results at the company’s annual meeting Saturday although Berkshire won’t release its full report until next Friday.
Berkshire earned $5.589 billion, or about $3,400.89 per Class A share. That’s up from $5.16 billion, or $3,143 per Class A share, last year.
During the first quarter, Berkshire traded roughly $3.8 billion worth of Procter & Gamble stock for Duracell and about $1.7 billion cash. That boosted the paper value of Berkshire’s investments and derivatives to $1.85 billion this year compared to $920 million last year.
Berkshire also completed its $32 billion acquisition of Precision Castparts during the quarter. The maker of components for aircraft, power plants and other industries displayed some of its products at the meeting Saturday…
CEO Warren Buffett offered a preview of the first-quarter results at the company’s annual meeting Saturday although Berkshire won’t release its full report until next Friday.
Berkshire earned $5.589 billion, or about $3,400.89 per Class A share. That’s up from $5.16 billion, or $3,143 per Class A share, last year.
During the first quarter, Berkshire traded roughly $3.8 billion worth of Procter & Gamble stock for Duracell and about $1.7 billion cash. That boosted the paper value of Berkshire’s investments and derivatives to $1.85 billion this year compared to $920 million last year.
Berkshire also completed its $32 billion acquisition of Precision Castparts during the quarter. The maker of components for aircraft, power plants and other industries displayed some of its products at the meeting Saturday…
