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Berkshire profit up 25 percent as insurance helps, BNSF weighs
August 6, 2016 by creative · Leave a Comment
By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest acquisition. But operating results fell short of analyst forecasts, as depressed oil prices and coal demand weighed on volume at the conglomerate's BNSF railroad unit, while units
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Berkshire profit up 25 percent as insurance helps, BNSF weighs
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PwC must face $1 billion MF Global malpractice lawsuit: U.S. judge
August 6, 2016 by admin · Leave a Comment
A federal judge rejected PricewaterhouseCoopers' [PWC.UL] bid to dismiss a $1 billion lawsuit accusing the accounting firm of professional malpractice for helping cause the October 2011 bankruptcy of MF Global Holdings Ltd [MGHL.UL], a brokerage once run by former New Jersey Governor…
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PwC must face $1 billion MF Global malpractice lawsuit: U.S. judge