Buffett's Berkshire swings to big profit as stocks gain

OMAHA, Neb. - Warren Buffett’s Berkshire Hathaway Inc on Saturday swung to a big quarterly profit, bolstered by gains in its stock investments, and also posted a small increase in operating earnings.

The $21.66 billion overall profit, or $13,209 per Class A share, compared with a year-earlier net loss of $1.14 billion, or $692 per share, and a fourth-quarter net loss of $25.39 billion. Operating profit, which Buffett considers a better performance measure, rose 5 percent to $5.56 billion, or about $3,388 per Class A share, from $5.29 billion, or $3,215 per share, a year earlier.

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Berkshire investment in Occidental is unusual for the normally 'friendly' BuffettBerkshire Hathaway's proposed investment in Occidental is basically funding what some see as a hostile takeover bid. realKunalAShah Need I mention $WFC?
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