The company made this announcement in preparation for the annual meeting with Chairman Warren Buffet. Berkshire Hathaway Inc. has announced its first quarter profit as having doubled following derivative bets and insurance units that performed significantly better than anticipated. The company’s net income rose to $3.25 billion, which means $1,966 per share. In 2011 at the same time, it reported an income of $1.51 billion, which was $917 per share. The lower numbers last year were blamed on the losses from the claims made following the Japan earthquake and Tsunami.…
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Online charity auction sells lunch with Buffett for $2.63 Million
A charity auction held online using eBay has sold a lunch at Manhattan’s Smith & Wollensky for the winning price of $2.63 million. This luncheon will allow the anonymous winner to have the opportunity to eat in the company of Warren Buffett, the renowned investor and the biggest name in the insurance business. The Oracle of Omaha charity online auction is an annual event, and this year’s results came in on Friday, June 10, 2011, after two bidders on eBay vied back and forth eight times since the auction started…
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