American company Berkshire Hathaway, which is owned by billionaire Warren Buffet, reported that in the third quarter, its operating profit increased almost 2-fold in annual terms to 6 billion 880 million dollars. The indicator surpassed analysts' forecasts, who had expected it at the level of 6 billion 110 million dollars. Net profit for the quarter rose sharply and amounted to 18.5 billion dollars. During the earnings period, the volume of own shares repurchased by the company amounted to 928 million dollars. Cash reserves increased to 103 billion 600 million dollars.
Adidas aims to sell its Reebok division in March 202121.10.2020
Tesla to hit its vehicle production goal this year20.10.2020
Cathay Pacific cuts 18% of its workforce amid the coronavirus pandemic20.10.2020
UBS' third-quarter revenue increases due to its strong performance in the global markets