Berkshire Hathaway earnings treble

Nov 7th, 2009 - FT

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Warren Buffett yesterday highlighted his rebound from last year's poor performance as strong stock markets and derivatives gains helped Berkshire Hathaway, his investment vehicle, to treble profits in the third quarter to $3.24bn.

Berkshire's earnings were even higher than third- quarter profits at Goldman Sachs, Wall Street's most profitable bank and one of Mr Buffett's holdings, and will provide the billionaire investor with more firepower for acquisitions.

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