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Berkshire Hathaway 1st-qtr profit rises 70 pct (Reuters)

Warren Buffett, Chairman of Berkshire Hathaway, rings the opening bell at the New York Stock Exchange in New York March 20, 2006. Berkshire Hathaway Inc. on Friday said first-quarter profit rose 70 percent, helped by increasing revenue. Net income for the Omaha, Nebraska-based company rose to $2.31 billion, or $1,501 per share, from $1.36 billion, or $886 per share, a year earlier. Revenue rose 29 percent to $22.76 billion. (Seth Wenig/Reuters)Reuters - Berkshire Hathaway Inc. (BRKa.N) (BRKb.N), the insurance and investment company run by billionaire Warren Buffett, on Friday said first-quarter profit rose 70 percent, helped by increasing revenue.




Spitzer files bid-rig suit against Liberty Mutual (Reuters)

New York Attorney General Eliot Spitzer speaks at a news conference in New York March 15, 2006. Spitzer on Friday filed a bid-rigging lawsuit against property and casualty insurer Liberty Mutual, charging the private company made payoffs to insurance brokers to steer business its way. (Mike Segar/Reuters)Reuters - New York Attorney General Eliot Spitzer on Friday charged Liberty Mutual Group, the sixth largest U.S. property casualty insurer, with rigging bids and making payoffs to steer business its way.




Stocks jump as mild jobs growth calms rate fears (Reuters)

Traders work on the floor of the New York York Stock Exchange April 28, 2006. (Shannon Stapleton/Reuters)Reuters - Stocks rallied on Friday after slower-than-expected job growth in April hinted at a possible pause in interest-rate increases.




Warner Music posts surprisingly narrow loss (Reuters)

Warner Music Group Chairman and CEO Edgar Bronfman, Jr. is seen in Beverly Hills, April 24, 2006. Warner Music on May 5 posted a quarterly loss, though domestic sales were strong and digital revenues rose substantially. (Fred Prouser/Reuters)Reuters - Warner Music Group Corp. , which earlier this week rejected a $4.2 billion takeover bid by EMI Group Plc. , on Friday posted a narrower-than-expected loss, helped by rising U.S. CD sales and digital music revenues.




Buffett to buy 80 pct of Israeli tools company (Reuters)
Reuters - Billionaire Warren Buffett's investment firm Berkshire Hathaway Inc. (BRKa.N) said on Friday it had agreed to buy 80 percent of an Israeli metalworking tools business in a deal valuing the company at $5 billion.


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