Berkshire profit down 64%; Buffett sells Apple shares

OMAHA, Nebraska: Berkshire Hathaway’s first-quarter profits plummeted along with the paper value of its investments, but the company said Saturday (Sunday in Manila) that most of the businesses it owns outright performed well. The company reported a $12.7-billion profit, or $8.825 per Class A share, in the quarter. That’s roughly …

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Power trip clipped

“The current mix is also revealing in that the much-hyped renewable energy is not reliable in providing the base requirements daily thus far.” The Department of Energy (DoE) counted on enough coming capacity to bridge the shortfalls this year but the configuration of the power plants piques interest. Based on …

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