New Delhi, Aug. 4 -- Berkshire Hathaway Inc., an American behemoth, reported a slight fall of about 4 per cent in its operating earnings for the second quarter. This fall in earnings came as Warren Buffett, 94, announced his plans to step down as chief executive and named Greg Abel, the vice chairman of non-insurance operations of Berkshire, as his successor.
Berkshire reported the total earnings of USD 20.8 billion in the first six months of the year, which has fallen almost 8.8 per cent from the previous year during the same period, as per the reports.
On the other hand, Berkshire's underwriting businesses earned a total amount of USD 2.53 billion, which is also significantly lower than the previous year. Berkshire's underwriting busine...