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Berkshire Hathaway reports surge in operating profits

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Berkshire Hathaway posted a 71% increase in fourth-quarter operating profits to $14.5 billion, made up of earnings from the company's wholly owned businesses.

For the year, operating earnings rose 27% to $47.4 billion.

Berkshire Hathaway Chair and CEO Warren Buffett cited Treasury bill yields and a boost in its insurance business.

Read more from CNBC.

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