Bloomberg Berkshire Hathaway Inc., the conglomerate controlled by billionaire Warren Buffett, said fourth-quarter profit climbed 32 percent on investments and earnings from the company’s expanding stable of operating businesses. Net income rose to $5.48 billion, or $3,333 a share, from $4.16 billion, or $2,529, a year earlier, the company said in a statement. Operating earnings, which exclude some investment results, ...

Ottawa / Bloomberg Canada should increase foreign-ownership limits on airlines and allow private investment in airports to enhance competition in the country’s transportation industry, according to a government-funded study. Institutional and private-equity investors should also be allowed to buy stakes in the country’s marine ports, according to the Canada Transportation Act Review presented to Parliament in Ottawa. The broadest study ...

NEW YORK / AP Gap’s shares took a hit in after-hours trading after the clothing chain offered a weak profit outlook. The outlook came as the San Francisco-based chain reported a 33 percent drop in fourth-quarter profits as business was hurt by a strong US dollar and strategic moves to turn around its ailing business. The results show the continued ...