(Source: Reuters, November 3, 2017)
Bad weather hurt Warren Buffett’s Berkshire Hathaway Inc in the third quarter, as insurance losses tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43 percent drop in profit. Profit rose at the Berkshire Hathaway Energy unit, while “improving economic conditions” helped boost shipping and profit at BNSF.
Full story: Reuters