Daily News: February 27, 2012

Berkshire Set to Break Capital Spending Record in 2012


The International Business Times reported that anyone looking for more evidence of a strengthening U.S. economic recovery need only consider conglomerate Berkshire Hathaway. The Times noted that Warren Buffett was as upbeat as ever on the businesses he owns, despite the continuing housing market depression.

Commenting from Buffet’s annual letter to shareholders, The Times said Berkshire broke its own records for capital spending in 2011 by a wide margin and expects to do so again in 2012 – almost all of it domestically, even with the company’s global footprint.

To read the full text of the International Business Times article, click here.