Berkshire reports 77 percent drop in 3Q earnings
"Warren Buffett's Berkshire Hathaway Inc. on Friday reported a 77 percent drop in third-quarter earnings, hurt by declining insurance profits and a $1.01 billion investment loss....
Berkshire and Buffett have made several deals over the past two months that will make use of some of that cash, but most of the big investments, including a $5 billion infusion in Goldman Sachs and a $3 billion stake in General Electric, weren't completed until October. Therefore, those deals aren't reflected in this quarter's results."-Stock Article Link
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