Berkshire's cash sets record as Buffett sells Apple, BofA; operating profit falls

Reuters - 02/11
Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, selling more Apple shares and boosting cash to a record $325.2 billion, while the company's operating profit declined.
Nov 2 (Reuters) - Warren Buffett and Berkshire Hathaway (BRKa.N), opens new tab extended their retreat from stocks in the third quarter, selling more Apple shares (AAPL.O), opens new tab and boosting cash to a record $325.2 billion, while the company's operating profit declined.
In its quarterly report on Saturday, Berkshire said it sold about 100 million Apple shares, on top of several billion dollars of Bank of America (BAC.N), opens new tab shares.
Berkshire repurchased none of its...
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