Politic > Business

Ticker: Buffett's firm reports $44B loss; Amazon to buy vacuum maker iRobot 

1 month ago   |   By Boston Herald

Warren Buffett's company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted, but Berkshire Hathaway's many operating companies generally performed well.
Berkshire said over the weekend that a largely unrealized $53 billion decline in the value of its investments forced it to report a loss of nearly $44 billion, or $29,754 per Class A share. That is down from $28.1 billion, or $18,488 per Class A share, a year ago.
The stock prices of three of Berkshire's biggest investments - Apple, American Express and Bank of America - all fell...
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