Warren Buffett’s Berkshire Hathaway Inc. swung to a first-quarter profit, thanks in part to higher insurance investment income. Still, Berkshire’s earnings excluded its share of earnings from its 27% stake in Kraft Heinz Inc., because Kraft Heinz hasn’t yet filed its earnings with the Securities and Exchange Commission, Berkshire said in a press release. Write downs at Kraft Heinz weighed on Berkshire’s performance in the fourth quarter of 2018.

Source: Wall Street Journal May 04, 2019 12:31 UTC