The accounting change required Berkshire to report unrealized losses in its equity portfolio, which totaled $170.5 billion at year end, regardless of whether it planned to sell those stocks. That helped the company to a net loss of $1.14 billion, or $692 per share, compared with net income of $4.06 billion,
See Original Article

OMAHA, Nebraska (REUTERS) – Warren Buffett lost money but had a pretty good quarter. Berkshire Hathaway on Saturday reported an unusual quarterly net loss, the result of an accounting change that Buffett had warned would produce “wild” but in his view meaningless swings in results. But Berkshire
See Original Article

Australian businesses need a lower corporate tax rate to help them compete with global rivals and to encourage investment, Treasurer Scott Morrison said ahead of Tuesday's national budget. Prime Minister Malcolm Turnbull's plan to lower company tax rates to 25 percent from 30 percent over a decade
See Original Article

On Saturday, May 5th, chairman and CEO Warren Buffett and vice chairman Charlie Munger will lead Berkshire Hathaway's (BRK.A – Get Report) (BRK.B – Get Report) annual meeting. The event takes place in Omaha, Neb. and draws an enormous crowd. This year, the company expects about 40,000
See Original Article

NASA launched a space probe early Saturday on a mission to study Mars, helping to fill large gaps in scientists' understanding of the planet's geologic
See Original Article