Berkshire Hathaway speeds up stock buybacks, though profit falls
· NY Post
Berkshire Hathaway has accelerated its stock repurchases, as CEO Greg Abel demonstrated a greater willingness than his predecessor Warren Buffett to put the conglomerate’s enormous cash hoard to use. The Omaha, Nebraska-based company also reported on Saturday lower third-quarter profit, with operating earnings down 6% to $12.71 billion and net earnings down 28% to $22.11...
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