Berkshire Hathaway reports $1.5bn Q1 loss

"Berkshire Hathaway, the investment firm owned by US billionaire Warren Buffett, this week reported its first loss since 2001.
The company posted a first quarter loss of $1.53 billion (£1 billion), compared to profit of $940 million in the year ago period.
Revenues dropped 9.5% on year to $22.8 billion.
However, of its four key insurance businesses, only [...]" (2009-5-11)
Read more...