Profit drops at Warren Buffett’s firm but...
OMAHA, Neb. (AP) — Warren Buffett’s company reported a steep drop in earnings Saturday because the paper value of its investments fell and it sold off part of its massive Apple stake, but the tens of thousands of shareholders filling an Omaha arena to hear Buffett answer questions at the annual meeting later can take heart that Berkshire Hathaway’s many businesses performed well. Berkshire reported a $12.7 billion profit, or $8.825 per Class A share, in the quarter. That’s...