In brief: Marie Osmond’s son dead at 18
Los Angeles – Marie Osmond’s 18-year-old son Michael Blosil has died, the entertainer said Saturday.
Osmond said in a statement through her publicist that her family is devastated by the “tragic loss.” She did not provide details on the death.
Entertainment Tonight reported on its Web site that Blosil jumped to his death Friday night from a downtown Los Angeles apartment building.
Officers responded to an apparent suicide jump in the area, but the victim was not identified Saturday, Los Angeles Police Officer Gregory Baek said.
Blosil reportedly left a note which referred to a lifelong battle with depression. In 2007, Osmond said he was treated at a rehabilitation facility, but she didn’t disclose the nature of his problem.
Blosil is one of Osmond’s five adopted children. She also has three other children from two marriages.
Berkshire reports sharp profit gain
Omaha, Neb. – Berkshire Hathaway Inc.’s fourth-quarter profit bounced back sharply, thanks largely to an unrealized $1 billion gain on derivative contracts and investments.
Warren Buffett’s company said Saturday that its insurance and utility divisions performed well enough to help offset weakness in subsidiaries hurt most by the weak economy, such as NetJets, Acme Brick and other manufacturing and retail businesses.
Berkshire generated $3.056 billion in net income, or $1,969 per Class A share, during the quarter. That’s up from $117 million net income, or $76 per share, a year ago.
Three analysts surveyed by Thomson Reuters had expected Berkshire to report fourth-quarter earnings per share of $1,208.33 on average.
Berkshire said it generated $30.2 billion in revenue in the fourth quarter. That is nearly 23 percent higher than last year’s fourth quarter revenue of $24.6 billion.