2012-08-02bloomberg.com

Berkshire Hathaway Inc. is benefiting after billionaire Chairman Warren Buffett increased investments tied to the U.S. housing market and sidestepped bets on Europe amid the region's debt crisis.

Berkshire's Class A shares rose this week to the highest in 16 months. The Omaha, Nebraska-based company, which is expected to report second-quarter earnings tomorrow, is about 3 percent away from the top closing price since 2008.


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