India, Nov. 2 -- 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 prepares for the legendary 95-year-old investor to relinquish the CEO title in January but will remain chairman. But last month's $9.7 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. The stock is well off its peak of $812,855, set just before Buffett surprised shareholders in May by announcing he will step back. It closed Friday at $715,740.ap
Published by HT Digital Content Services with permission from Hindustan...