Berkshire posts 3.2 billion dollars profits
Posted by admin | Under Finance Saturday Nov 7, 2009The record profits of the corporate sector continues, with the Warren Buffett company Berkshire, reporting a massive 3.2 billion dollars profit for the September 2009 quarter. The company has been able to take major bets on index and currencies which have helped it to rake in these profits.
The company is in the process of seeking nearly 8 billion dollars of debt from the banks and market over the next few months, to finance the takeover of the Burlington road rail company.