[ad_1]
Berkshire Hathaway with about 100 billion dollars in cash.
9:28 pm, November 3, 2018
American investors stars Warren Buffett has made a leap forward with his investment company Berkshire Hathaway. The insurance business boom and lower taxes contributed double the operating profit in the third quarter, to $ 6.88 billion ($ 6.04 billion) over the same period last year. last year. The investment group also announced Saturday in Omaha, Nebraska, to have repurchased $ 928 million of its own shares.
Stock repurchases are a peculiarity – in fact, Buffett prefers to put a lot of Berkshire Hathaway's surplus money in corporate takeovers. Aged 88, however, he still has cash of over $ 100 billion. This is why many shareholders are feverish in their next major transaction. Berkshire Hathaway's total revenues increased by nearly 7% to $ 63.45 billion in the past quarter. In the conglomerate belong to the 90 companies, besides come various packages of actions.
Source link
