Berkshire Hathaway’s new CEO Abel smashes earnings, cash pile hits $400 billion

Berkshire Hathaway (BRK.A, BRK.B) posted a bigger first-quarter profit under Greg Abel, while its cash mountain climbed near $400 billion and showed how hard it still is for the company to find deals at prices it likes. The company said operating profit rose 18% to $11.35 billion, equal to about $7,891 per Class A share,...