BUSINESS
12/09/2008 05:12 am ET Updated May 25, 2011

Berkshire Hathaway Profit Falls 77 Percent, Fourth Straight Profit Drop

Billionaire Warren Buffett's Berkshire Hathaway Inc. posted a fourth straight profit drop, the longest streak of quarterly declines in more than a decade, as hurricanes hurt returns at insurance operations and investments lost value.

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