Warren Buffett’s Berkshire Hathaway Inc is being hit hard by the coronavirus pandemic, posting a record quarterly net loss of nearly $50 billion on Saturday and saying performance is suffering in several major operating businesses. Berkshire said most of its more than 90 businesses have faced “relatively minor to severe” negative effects from COVID-19, […]
Berkshire takes $377 mn charge tied to solar company that US linked to fraud
Berkshire’s report had not identified the sponsor by name, and Buffett’s Omaha, Nebraska-based conglomerate has not been accused of wrongdoing Warren Buffett’s Berkshire Hathaway Inc on Wednesday said a $377 million charge it incurred recently was tied to a solar generation company that U.S. authorities have linked to fraud. Berkshire said in its first-quarter report […]
