Berkshire Posts Gain in Profits, Boosted by U.S. Treasury Holdings

Berkshire Posts Gain in Profits, Boosted by U.S. Treasury Holdings

Warren E. Buffett, the famed investor known for his enthusiasm for undervalued stocks and businesses, is feeling bullish these days about a traditionally staid investment: Treasury bills. The cash stockpile held by Berkshire Hathaway, his sprawling multinational conglomerate, rose past $334 billion at the end of last year, including $286 billion in short-term Treasuries. The…

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Southern California Edison Found Irregularities on Equipment Where Eaton Fire Broke Out

Southern California Edison Found Irregularities on Equipment Where Eaton Fire Broke Out

On Jan. 19, almost two weeks after the Eaton fire broke out near Altadena, Calif., technicians for Southern California Edison began testing electrical equipment near the origin of the blaze. They soon noticed small white flashes appearing on high-voltage transmission lines when power was being restored — signs that the system was functioning abnormally. The…

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