Warren Buffett's Berkshire Hathaway has reported a near 200% rise in profits for the third quarter.
Net profit for the three months to September 2009 was $3.2bn, up from $1.1bn during the same period last year. Profit for the first nine months was $4.9bn, a slight increase on last year's $4.8bn. Last week, Buffett announced the biggest acquisition ever by his investment vehicle when Berkshire agreed to buy the outstanding stock it does not already own in Burlington Northern Santa Fe (BNSF) for about $26bn.
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