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Billionaire Warren Buffett's Berkshire Hathaway has reported a sharp rise in profits due to strong returns on derivative contracts. Net profits for the second quarter were $3.4bn a rise of 74%,revenue grew to $38.3bn. The social networking site LinkedIn price was shares $45 in May, but the share price more than doubled on its first day of tradin to$100 a share,it is now about 95 dollars.The company valued at about $10bn.
