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Berkshire Q3 profit down 8.6% on Tesco fall

Published Sun, Nov 9, 2014 · 09:50 PM

New York

WARREN Buffett's Berkshire Hathaway Inc said that third-quarter profit slipped 8.6 per cent on investment results, including an impairment on a holding of UK retailer Tesco plc.

Net income fell to US$4.62 billion, or US$2,811 a share, from US$5.05 billion, or US$3,074, a year earlier, the Omaha, Nebraska-based company said last Friday in a statement. Operating earnings, which exclude some invest…

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Companies & Markets

Berkshire Q3 profit down 8.6% on Tesco fall

Consumer & Healthcare

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Billionaires selling cheap stuff get richer from inflation pain

Amazon to push cashierless shopping tech into more third-party stores, while backing off itself

Japan’s Uniqlo opens Rome store as part of European expansion

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