Tom Lewandowski News
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Canadian lenders including Royal Bank of Canada and Toronto-Dominion Bank decided more than a year ago to target business loans and wealth management because record consumer lending was bound to dry up.
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Warren Buffett’s Berkshire Hathaway Inc., owner of the largest stake in Moody’s Corp., may have lost almost $300 million on the holding this week as shares of the credit-ratings company plunged.
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Warren Buffett’s bet on Bank of America Corp. and a more-generous buyback plan helped his Berkshire Hathaway Inc. beat the Standard & Poor’s 500 Index in a year when he didn’t make a major acquisition.
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Berkshire Hathaway Inc. is poised to report its biggest year-over-year increase in book value per share since 2010 on gains from investments, operating-business earnings and Chairman Warren Buffett’s equity-derivative bets.
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Warren Buffett, the former hedge fund manager who built Berkshire Hathaway Inc. into a $195 billion company by gaining leverage through insurance premiums, said this traditional source of new funds is drying up.
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Berkshire Hathaway Inc. said first- quarter profit doubled as insurance units and Chairman Warren Buffett’s derivative bets posted better results.
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Canada’s banks, the most stable in the world, will probably post the lowest profit growth in two quarters as consumer lending eases and spending subsides ahead of a potential housing slowdown.
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Berkshire Hathaway Inc. may post its first quarterly decline in book value in more than a year on drops in Wells Fargo & Co., American Express Co. and Chairman Warren Buffett’s equity-derivative bets.
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Warren Buffett’s Berkshire Hathaway Inc. acquired its largest stake in General Motors Co. before the automaker slumped 16 percent, as the billionaire chairman hands more responsibility to deputy stock pickers.
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Berkshire Hathaway Inc.’s first- quarter profit doubled as insurance units and derivative bets posted better results, the company said yesterday as it prepares for Chairman Warren Buffett’s annual meeting.
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