By Jonathan Stempel and Trevor Hunnicutt OMAHA, Neb. (Reuters) - Warren Buffett on Saturday defended several of Berkshire Hathaway Inc's larger or struggling investments, including Coca-Cola and the BNSF railroad. Speaking at Berkshire's annual shareholder meeting in Omaha, Nebraska, Buffett also said overall first-quarter operating profit probably fell 12 percent to $3.73 billion from $4.24 billion a year earlier. Buffett said the BNSF railroad was hurt by declining oil prices and coal shipments while insurance underwriting was hurt by loss claims related to hailstorms.
Pep Guardiola's Bayern Munich must wait to have their historic fourth consecutive Bundesliga title confirmed after being held to a 1-1 draw at home to Borussia Moenchengladbach on Saturday. The champagne had to be put back on ice at the Allianz Arena after Thomas Mueller's first-half header for Bayern was cancelled out by Andre Hahn's superb second-half strike for Gladbach. Second-placed Borussia Dortmund romped to a 5-1 win at home against Wolfsburg to trim Bayern's lead at the top to five points with two games left.