WECT TV6 - WECT.com - Wilmington, NC news and weather - Earnings roundup: Berkshire Hathaway, Rosetta
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Among the earnings stories for Friday, Nov. 6, from AP Financial News:
Top stories:
OMAHA, Neb. (AP) - Warren Buffett's company says its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts.
Other stories:
HOUSTON (AP) - Rosetta Resources Inc. said its revenue fell by nearly half due to lower natural gas prices.
GREAT NECK, N.Y. (AP) - One Liberty Properties Inc. said its third-quarter funds from operations rose 22 percent as rental income increased.
YORK, Pa. (AP) - York Water Co., which purifies and distributes water, said a higher number of customers plus a rate increase lifted its third-quarter profit by 20 percent.
NEW YORK (AP) - Brookfield Asset Management Inc. said its third-quarter profit fell 35 percent, as revenue declined, expenses rose and the company booked a charge of more than $192 million as the value of assets declined amid the weak economy.
ATLANTA (AP) - Mirant Corp. posted a 97 percent plunge in its third-quarter profit - driven mainly by one-time hedging losses - and lowered its 2009 adjusted earnings before interest, taxes, depreciation and amortization.
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