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Billionaire investor Warren Buffett says Europe's debt concerns and the anemic U.S. home construction business will continue to hurt the economy even though many businesses are performing well.

Berkshire Hathaway Inc. is considering whether to pursue legal action against former company executive David Sokol, who was once thought to be among a handful of candidates to replace CEO Warren Buffett.

Berkshire Hathaway saw its 2011 first-quarter net income drop more than 58 percent to $1.5 billion after catastrophes in the quarter caused estimated losses of nearly $1.7 billion.

Berkshire Hathaway Inc. is considering whether to pursue legal action against former company executive David Sokol, who was once thought to be among a handful of candidate to replace chief executive Warren Buffett.

A shareholder of Berkshire Hathaway Inc. has filed a lawsuit alleging that Warren Buffett and the company's board hurt investors by failing to act swiftly when they found out about stock trades that outgoing executive David Sokol made ahead of Berkshire's $9 billion takeover of chemical company Lubrizol.

Circumstances surrounding David Sokol’s recent resignation from Berkshire Hathaway are credit negative for the company, Moody’s Investors Service says, due to an appearance of conflict of interest and, more broadly, management-succession risk at the company.

Circumstances surrounding David Sokol’s recent resignation from Berkshire Hathaway are credit negative for the company, Moody’s Investors Service says, due to an appearance of conflict of interest and, more broadly, management succession risk at the company.