Berkshire Hathaway's net income triples
Published Saturday, Nov. 7, 2009
Warren Buffett's Berkshire Hathaway Inc on Friday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.
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AIG posts second straight profit
Published Saturday, Nov. 7, 2009
AIG, the giant insurer bailed out by the U.S. government, posted its second straight quarterly profit, helped by recovery in the value of its investments, but its underlying business remained weak and its shares fell.
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Freddie Mac posts $5 billion loss
Published Saturday, Nov. 7, 2009
Freddie Mac (FRE.N) (FRE.P), the second largest provider of U.S. residential mortgage funding, said on Friday it lost $5 billion in the third quarter and predicted it would require further support from the Treasury amid a "prolonged deterioration" in housing.
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Insider trading probe ensnares 14 more
Published Friday, Nov. 6, 2009
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of white-shoe advisers.
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Starbucks beats view, raises target
Published Friday, Nov. 6, 2009
Starbucks Corp reported a stronger-than-expected quarterly profit and raised its forecast, in the latest signs that the chain is turning around after closing cafes and slashing costs, and its shares rose 4.1 percent.
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