ExclusiveBerkshire Hathaway's Cash Rises to Record $347.7 Billion

Warren Buffett's Berkshire Hathaway on Saturday reported record-high $347.7 billion cash as of March 31, slightly increasing from $334.2 billion at year-end. The operating profit of the Nebraska-based conglomerate dropped 14.1% to $964 billion from $1,122 billion a year earlier. Its net income, including unrealised gains and losses from Berkshire's common stock investments, was down roughly 64% to $4.6 billion from $12.7 billion a year earlier. Berkshire was a net seller of stocks for a tenth straight quarter as it bought $3.18 billion and sold $4.68 billion.