OMAHA- Even as market watchers await Warren Buffett's splashy move to seize on fallout from the current crisis, his Omaha-based Berkshire Hathaway hasn't been spared by the pandemic.
Coronavirus-related shutdowns across the U.S. have hit Berkshire units including See's Candies, a shoemaker and industrial behemoth Precision Castparts. That could leave a few scars on the conglomerate that gives the billionaire investor his ammo and has been pumping out more than $20 billion in annual profit in recent years.
Buffett's business partner, Charlie Munger, put it bluntly. "We've got a few businesses, small ones, we won't reopen when this is over," he told the Wall Street Journal, without naming the units.
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