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Berkshire Hathaway's profit jumps 29 percent

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Warren Buffett's Berkshire Hathaway earned $5.05 billion during the third quarter, a 29 percent jump.

According to the Kansas City Star, gains were recorded on the back of proceeds from deals made during the recession.

The biggest factor in the results was a $1.2 billion investment gain Berkshire recorded as it prepared to redeem warrants in General Electric and Goldman Sachs for stock.

Read more from the Kansas City Star.

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