Abel, who oversees Berkshire’s non-insurance businesses, is set to become chief executive officer once Buffett is gone.
The conglomerate was a net buyer of equities in the quarter, reporting $3.8 billion in purchases, according to results released.
Ray Dalio's huge popularity in China has not only drawn local investors flocking to his funds but also spawned home-grown challengers.
Morgan Stanley has agreed to pay $325,000 to settle allegations of factual inaccuracies in some 11,000 equity research reports.
Credit Suisse Group AG is discussing slashing thousands of jobs globally, Bloomberg News reported.
TD Bank is facing a lawsuit after a New Jersey customer claimed the bank overcharged for balance inquiries at an out-of-network ATM.