Berkshire 2Q Net Down, But Insurance Operations Rise

Warren Buffett's Berkshire Hathaway Inc. reported a 40 percent drop in second-quarter profit to $1.97 billion.

By Chad Hemenway | August 08, 2010 at 08:00 PM

NU Online News Service, Aug. 9, 1:35 p.m. EDT

Warren Buffett's Berkshire Hathaway Inc. reported a 40 percent drop in second-quarter profit to $1.97 billion.

Omaha, Neb.-based Berkshire recorded $3.3 billion in second-quarter earnings last year.

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