Berkshire Hathaway's net income triples

Berkshire Hathaway's net income triples

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.

Results were announced three days after Buffett revealed the biggest acquisition in his 44 years running Berkshire, a $26 billion takeover of Burlington Northern Santa Fe Corp. Berkshire had already owned 23 percent of the nation's second-largest railroad operator.

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