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>> A growing US economy boosting profits at Warren Buffet's Berkshire Hathaway, the conglomerate reported Saturday that operating profits rose a whopping 67% in the second quarter benefiting from a rebound in it's insurance underwriting unit. That division had suffered a $22 million loss last year when the US was hit by three major hurricanes.
Other businesses booming at Berkshire, BNSF railroad, which benefited from a robust demand for shipping consumer products, like grain, petroleum and steel. Berkshire's earnings also gave a glimpse into how much Apple stock Buffett may have bought. At the end of June, the company's quarterly report showed a $47 billion investment.
That's a 5% stake in Apple, which this week became the first US listed company to be valued at over $1 trillion.