Berkshire Hathaway profits hit by derivatives
Warren Buffett's Berkshire Hathaway reported a smaller second profit as losses on derivatives dragged down results.
The ice-cream-to-insurance conglomerate earned $3.11bn, or $1,882 per Class A share, compared with a profit of $3.42 bn, or $2,072 per Class A share a year earlier.
Photo: AP
Telegraph Staff and agencies11:51AM BST
04 Aug 2012
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http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9451672/Berkshire-Hathaway-profits-hit-by-derivatives.html