Berkshire Hathaway gains $1.6 bln from its huge bite of Apple
NEW YORK, Feb 25 Berkshire Hathaway Inc's gain on its investment in Apple Inc. stands at more than $1.6 billion after shares of the iPhone maker surged.
Feb 13 Injectable drug provider Hospira Inc on Wednesday reported a profit for the fourth quarter versus a year-earlier loss as its sales increased more than 8 percent.
Net income was $5.3 million, or 3 cents per share, in the latest quarter, compared with a net loss of $214.0 million, or $1.30 per share, in the year-earlier period.
Adjusted earnings were 55 cents per share. On that basis, analysts on average were expecting earnings per share of 54 cents.
Net sales jumped to $1.1 billion in the quarter from $1.0 billion a year before.
Feb 25 Warren Buffett says American business, and thus a basket of stocks, is virtually certain to be worth far more in years ahead. In his letter to Berkshire Hathaway Inc shareholders:
Feb 25 Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 15 percent from a year earlier, helped by gains from investments and derivatives.