Sunday 26 February 2012
Berkshire's NetJets profit up; focus on China
Berkshire Hathaway Inc. revealed a number of adjustments in its $66.2 billion stock portfolio during the fourth quarter. It purchased 46.6 million Wells Fargo shares during the fourth quarter to give it 408 million shares and control of 7.7 percent ofBy Doug Cameron NetJets Inc. is pressing ahead with plans to launch a corporate jet business in China, part of the turnaround plan that saw the Berkshire Hathaway Inc. (BRKA, BRKB) unit deliver a 10% rise in pretax profits for 2011.Charlie Munger,
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