Berkshire Hathaway Inc

Posted by Zotta Rendevouz

Berkshire Hathaway Inc. posted a fourth-quarter earnings rose 43 percent on gains and income derived from the track by billionaire Warren Buffett bought the president last year.

Net income advanced to $ 4380000000, or $ 2,656 per share, from $ 3,060,000,000, or $ 1,969, a year earlier, the Omaha, Nebraska-based Berkshire said regulatory filing today.

Buffett has bought the Burlington Northern Santa Fe $ 26500000000 the second largest railroad in the United States, and a collection of Berkshire insurance, energy and consumer products units. 80 years, managing the historic capital and debt to finance the acquisition of Fort Worth, Texas, Burlington. U.S. economic growth fueled by the gains in profit per unit of freight traction of the first three quarters of 2010.

"The highlight of 2010 was the acquisition of Burlington Northern Santa Fe, a purchase that works even better than expected," Buffett said in his letter to shareholders today.

Book value, a measure of assets minus liabilities, rose in the last three months of 2010 to U.S. $ 157.300.000.000 $ 149.7 billion on Sept. 30, as the gains and progress favored capital stock. The railroad has contributed $ 1.03 billion net profit in the fourth quarter. The railroad had a net income of $ 536 million in the fourth quarter of 2009 as an independent.

Derivative Bets

"Congratulations for this purchase, I was pretty skeptical at first," said Meyer Shields, an analyst at Stifel Nicolaus & Co. in an interview before earnings were announced. "It was a good deal for him."

The gain of the stock index puts, where Buffett paris stock index, the $ 2490000000 tripled as global markets advanced.

Berkshire Class A shares rose 5.9 percent on the NYSE this year, beating the 4.9 percent gain in the Standard & Poor's 500 Index.

Profit growth of Berkshire stop series of successive declines in quarterly results in two. Net income fell in the second and third quarters of 2010, paris derivative soured. Buffett, Berkshire's largest shareholder, using the contracts to speculate on the direction of the stock market and the creditworthiness of private borrowers and municipal governments.

Results of railway

Railway revenues rose last year, the economic upturn in demand driven by the supply of cars, coal and construction products. Union Pacific Corp., the largest railroad in the United States for 2009 revenues, reported a profit increase of 41 percent in the fourth quarter. Norfolk Southern Corp., the No. 4 train, hired 1,900 workers last year and hire 1,500 more this year after business "exceeded our expectations," said CEO Charles Moorman at a conference on 15 February .

Buffett built Berkshire should be 200 billion dollars through the company's four decades of acquisitions and stock picks. He manages portfolios of stocks, bonds and derivatives, and oversees the CEOs of more than 70 units such as Geico car insurance, electricity producer in MidAmerican Energy Holdings and Dairy Queen.

Buffett is looking for acquisitions as profits and stimulate the maturation of the Berkshire investment stocks. In late December, the company had $ 38,200,000 cash, its highest total in more than two years. Buffett said he would consider buying outside the U.S., visited China in September and planned trips to Japan and India for this year.

The cash tax rate will rise at the end of the funding deals that Buffett has beaten the credit crunch. Swiss Reinsurance Co. has paid about $ 3 billion in a deal that gave interest rate of 12 percent Berkshire. Goldman Sachs Group Inc. and General Electric Co. is considering the return of $ 8 billion that Buffett has agreed to inject in 2008 for securities to pay 10 percent.

Buffett took Todd Combs quarter to help investment in Berkshire. The company, whose vice-chairman Charles Munger turned 87 in January, is preparing for the next generation of leaders.