Bershire Hathaway Inc

Berkshire Hathaway Inc., the company controlled by billionaire investor Warren Buffett, said its third-quarter operating earnings rose 93% to $301 million, or $197 a share, with help from smaller insurance losses. The results beat the estimate of $162 a share, according to a survey by IBES International. The operating results exclude investment gains of $496 million in the latest quarter and $264 million in the year-earlier period. Berkshire, which owns the reinsurer General & Cologne Re Corp.

Berkshire Hathaway Inc., the company controlled by billionaire investor Warren Buffett, said its third-quarter operating earnings rose 93% to $301 million, or $197 a share, with help from smaller insurance losses. The results beat the estimate of $162 a share, according to a survey by IBES International. The operating results exclude investment gains of $496 million in the latest quarter and $264 million in the year-earlier period. Berkshire, which owns the reinsurer General & Cologne Re Corp.

Warren E. Buffett, a savvy stock picker known for investing in undervalued companies with strong fundamentals, has amassed a 9.8% stake in Wells Fargo & Co. The big San Francisco-based banking company, which has seen its stock battered in recent months because of concerns over real estate loans, on Wednesday expressed delight at having Buffett as its biggest shareholder, with 5.03 million shares now worth $250 million. "This is good news indeed," Wells Chairman Carl E.

Warren E. Buffett, a savvy stock picker known for investing in undervalued companies with strong fundamentals, has amassed a 9.8% stake in Wells Fargo & Co. The big San Francisco-based banking company, which has seen its stock battered in recent months because of concerns over real estate loans, on Wednesday expressed delight at having Buffett as its biggest shareholder, with 5.03 million shares now worth $250 million. "This is good news indeed," Wells Chairman Carl E.