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Earlier this month, Berkshire said its first-quarter profit soared 51 percent to $4.89 billion as its insurance companies enjoyed a quiet quarter and the value of its investments soared. Most of its operating businesses, including BNSF railroad and its manufacturing businesses, also performed well. The outlook on all of S&P's ratings for Berkshire is negative. S&P said that outlook on Berkshire's ratings reflect the agency's "AA+" rating on U.S. government's debt, which affects U.S. financial services firms. S&P said Berkshire's capital position could also be hurt if its insurance companies made a large acquisition or took on more investment risk. Berkshire owns roughly 80 subsidiaries, including clothing, furniture and jewelry firms. Its insurance and utility businesses typically account for more than half of the company's net income. It also has major investments in such companies as Coca-Cola Co. and Wells Fargo & Co. ___ Online: Berkshire Hathaway Inc.:
http://www.berkshirehathaway.com/
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