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Berkshire Hathaway's first-quarter profit more than doubled.
Berkshire Hathaway's first-quarter profit more than doubled to $10.1 billion this year.
KEY POINTS
- Greg Abel is now CEO, leading the annual meeting for the first time instead of Warren Buffett.
- Berkshire sold stocks for a $5.8 billion gain, yet its portfolio value slipped to $288 billion.
- The company's cash pile reached $397.4 billion at the end of the first quarter.
- Berkshire reported a $249 million boost from foreign currency holdings after last year's $713 million loss.
COMPANIES
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