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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Berkshire Buyback Pause Signals Caution Despite $344 Billion Cash Hoard, Rail Gains

Berkshire Warren Buffett Hathaway KHC Insurance the Wall Street Journal
Warren,Buffett,,Chairman,And,Ceo,Of,Berkshire,Hathaway,Is,Interviewed

Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) posted a 3.8% decline in second-quarter operating earnings, dragged down by weak insurance underwriting and a hefty $3.8 billion impairment tied to its stake in The Kraft Heinz Company (NASDAQ:KHC).

However, other parts of Warren Buffett’s sprawling conglomerate helped cushion the blow.

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