Berkshire lowers cash stake as buybacks accelerate, reports higher profit

Berkshire lowers cash stake as buybacks accelerate, reports higher profit  Reuters

TOKYO, Aug 6 : SoftBank Group on Thursday reported an 18 per cent fall in first-quarter net income to 347.3 billion yen ($2.20 billion), beating analyst estimates, and booked a gain on its stake in chipmaker Intel. The investment and technology conglomerate booked record net income of more than 5 trillion yen last year