In brief: Slow-moving snowstorm snarls interstate in Denver
Denver – One person died and 30 others were injured in a massive pileup on Interstate 25 as a band of heavy snow moved through south Denver on Saturday, authorities said.
Police say 104 vehicles were involved in crashes along a roughly 2-mile stretch of highway as a short but intense burst of snow slammed the area. The northbound lanes were closed for several hours.
Meteorologists said the storm was part of the same system that has saturated California and is slowly moving across the West en route to the Plains and Mississippi Valley on Sunday.
Buffett’s businesses faring well as economic recovery picks up
Omaha, Neb. – Warren Buffett’s company said Saturday that fourth-quarter earnings rose 10 percent to nearly $5 billion as its insurance, rail and energy businesses generated major gains in the improving economy.
Berkshire Hathaway’s insurance companies, which include Geico and General Reinsurance, reported a $394 million underwriting profit for the final three months of 2013, compared with a $19 million loss a year earlier. The Omaha, Neb., company also benefited from the strong performance of its non-insurance companies including BNSF railroad and electric utility MidAmerican Energy.
Berkshire’s fourth-quarter report and Buffett’s annual letter to shareholders released Saturday show the company doesn’t face any significant business issues in the coming year, said author and investor Jeff Matthews.
“Life is good at Berkshire Hathaway,” Matthews said Saturday.
Boy playing with handgun accidentally kills brother, 8
Cincinnati – An 8-year-old Cincinnati boy was fatally shot in the chest Saturday while one of his brothers was playing with a loaded handgun that he thought was a BB gun, police said.
Cincinnati police Lt. Don Luck told the Cincinnati Enquirer that three brothers were visiting their uncle when they found the loaded gun and one pulled the trigger, striking Sammy Lorenzo in the chest.
Luck said no charges are expected against the children. He said it was too early to tell whether charges will be filed against any adults.