Berkshire Hathaways first-quarter profit climbed 9.8% as lower fuel prices helped the railroad business, and investment income improved because of Buffetts wager on Burger King.
The U.S. government demanded automakers expand recalls involving faulty Takata Corp. air bags, prompting pushback by the Japanese supplier, which said problems with the devices were limited to humid areas.
Willis saw strong organic growth in Q2 2014 that beat analysts expectations, but that was more than offset by increased expenses, resulting in what analysts at Nomura called a messy miss for the broker.
Ace Ltd. Chief Executive Officer Evan Greenberg said the insurers formula for integrating companies gives him confidence that he can handle risks in emerging markets, even as he faulted Brazilian leaders for lousy economic policies.