Paul Howard News
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Air Canada and its pilots union were offered a new government mediator for contract talks after a legally mandated “cooling off” period ended and workers considered authorizing a strike.
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Warren Buffett , the 80-year-old chief executive officer of Berkshire Hathaway Inc. , added a name to a list of potential successors a year after his $26.5 billion railroad takeover brought manager Matt Rose to the firm.
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Warren Buffett ’s Berkshire Hathaway Inc. sold stakes in Home Depot Inc. and CarMax Inc. and cut its holding of Nike Inc. as the billionaire replaced a retiring investment manager and built the company’s cash holdings.
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Todd Combs , the hedge-fund manager hired by Berkshire Hathaway Inc. , may face declining yields from the firm’s portfolio with the termination of investments made by Chairman Warren Buffett in the financial crisis.
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Jordan Hansell , who was working with his father at an Iowa law firm two years ago, now reports to Warren Buffett after David Sokol ’s departure created a vacancy at Berkshire Hathaway Inc.’s NetJets business.
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Berkshire Hathaway Inc. said second- quarter profit rose 74 percent on gains from Chairman Warren Buffett’s investment in Goldman Sachs Group Inc. and improved returns from derivatives.
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Berkshire Hathaway Inc. , the holding company run by Warren Buffett , will expand insurance coverage for oil and gas drilling as the U.S. lawmakers debate removing a liability cap after BP Plc’s oil spill in the Gulf of Mexico.
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Billionaire Warren Buffett is retiring from the board of Washington Post Co., the publishing company in which his Berkshire Hathaway Inc. is the largest shareholder.
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American International Group Inc. , the bailed-out insurer, fell to the lowest in more than a year, as investors bet the U.S. Treasury Department may struggle to find buyers for the rest of its shares.
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American International Group Inc. , the insurer that said yesterday it had set aside $4.1 billion to bolster reserves, may face further charges as customers submit claims on policies sold after the company’s 2008 bailout.
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