Berkshire Hathaway operating profit jumps 34% as cash pile hits record $381.6 billion
OMAHA — Berkshire Hathaway reported a sharp rebound in its third-quarter operating profit, driven by a massive surge in its insurance business, the conglomerate said Saturday. However, with CEO Warren Buffett finding few attractive opportunities in the market, the company’s cash reserves swelled to a record $381.6 billion as it refrained from share repurchases for the…