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Berkshire Hathaway's profits rise 17% as Warren Buffett prepares to step down as CEO

OMAHA, Neb. (AP) — The profits of Warren Buffett's company improved 17% thanks to a relatively mild hurricane season and more paper investment gains this year as Berkshire Hathaway continues to prepare for the legendary 95-year-old investor to relinquish the CEO title in January. But last month's 9.7billioninvestmentinOxyChemwontdomuchtodiminishthe9.7 billion investment in OxyChem won't do much to diminish the 381.7 billion cash pile that Berkshire was sitting on at the end of September even though it is the biggest deal the company has made in years. T ...