Relevant:
- Buffett's Berkshire, hurt by Kraft Heinz, posts massive quarterly loss (+FINDS NO FAIR-PRICED BUYOUT TARGETS)
- Buffett blasts Wells Fargo for ignoring sales abuses
- Berkshire Hathaway Profit Falls 77% on Investments, Insurance
- Buffett's Berkshire Has Worst First Half Since 1990
- Imagine Berkshire Hathaway as a hedge fund
2015-12-30 — cnbc.com
Although Berkshire has no oil and gas subsidiaries, its railroad business transports oil, coal and agricultural products, and its manufacturing arm sells products to the shrinking oil industry. Weak results from Berkshire's insurance divisions in the middle of the year may also be due to lower oil prices, Mr Shanahan said, since lower petrol prices mean drivers and truckers are on the road for longer and having more accidents.
...
Berkshire has also been hit by big declines in two of its largest stock market investments: American Express, which is down by 24 per cent this year; and IBM, which is down 13 per cent.
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