FILE - The logo for Berkshire Hathaway Inc. is displayed at a trading post on the floor of the New York Stock Exchange, Wednesday, Aug. 30, 2023. (AP Photo/Richard Drew, File)OMAHA, Neb. -- 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 $9.7 billion investment in OxyChem won't do ...

A move that caught many by surprise was a big write-down for Berkshire's underperforming Kraft Heinz stake. The conglomerate for the first time recorded a loss of $3.8 billion from its 27% Kraft Heinz stake. The move came as reports emerged that the consumer goods giant has been eyeing a spinoff of its grocery business. Two Berkshire executives resigned as directors from Kraft Heinz's board in May. "The investment had been carried on Berkshire's books for more than its market value for some time," said Bill ...