Buffett Company Posts Big Gains for 2002
From Times Wire Reports
Despite the sluggish U.S. economy, Warren Buffett’s Berkshire Hathaway made dramatic gains for 2002, pulling in $4.2 billion in net income one year after it posted earnings of $795 million.
Insurance gains fueled the increase, compared with 2001, when it paid out huge claims after the Sept. 11 terrorist attacks, Buffett said in his annual letter to shareholders.
Berkshire, based in Omaha, owns businesses and stock in a wide variety of industries.
