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  • Feb 28- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit declined 17 percent as investment gains declined, but operating results improved. Net income fell to $4.16 billion, or $2,529 per Class A share, from $4.99 billion, or $3,035 per share, a year earlier. Quarterly operating profit rose 5 percent to $3.96 billion, or $2,412 per...

  • OMAHA, Neb.— Billionaire Warren Buffett is proud of what he's built as Berkshire Hathaway's CEO over the past 50 years, but he's also willing to admit making a few costly mistakes along the way. Vice Chairman Charlie Munger added his own letter this year, and predicted that Berkshire will be fine once he and Buffett are gone because of the management talent it...

  • Berkshire Hathaway net falls, operating profit rises Saturday, 28 Feb 2015 | 8:08 AM ET

    Feb 28- Warren Buffett's Berkshire Hathaway Inc on Saturday said profit declined 17 percent in the fourth quarter from a year earlier, reflecting lower investment gains, though operating results improved. Net income fell to $4.16 billion, or $2,529 per Class A share, from $4.99 billion, or $3,035 per share, a year earlier. Quarterly operating profit rose 5 percent...

  • *Opposition plan march in Moscow on Sunday. Nemtsov, 55, was shot four times in the back by assailants in a white car as he walked across the bridge over the Moskva River in central Moscow with a Ukrainian woman, who was unhurt, just before midnight on Friday, police said. Police sealed off the blood-stained bridge close to the red walls of the Kremlin and Red Square for...

  • Homeland Security gets one-week funding lifeline Saturday, 28 Feb 2015 | 7:28 AM ET

    Republicans only narrowly manage to avert a partial shutdown of the Department of Homeland Security, the New York Times reports.

  • SANAA, Yemen— A suspected U.S. drone strike Saturday in central Yemen killed three men believed to be al-Qaida militants, security officials said. The U.S. has launched several strikes in recent weeks, reflecting Washington's resolve to keep fighting the militants despite Yemen's political paralysis. Meanwhile Saturday, the Shiite rebels who control Yemen's...

  • China's central bank cuts rates again to boost economy Saturday, 28 Feb 2015 | 5:46 AM ET

    BEIJING— China's central bank cut interest rates for the second time in three months Saturday, adding to signs the country's leaders are worried the economic slowdown is deepening too sharply. The People's Bank of China announced a rate cut on one-year loans by commercial banks by 0.25 percentage point to 5.35 percent. Last year, China's economic growth fell to...

  • WASHINGTON— It's not uncommon to feel some trepidation around tax-filing season. But there's an added hassle this year for nearly a million consumers who got financial help with health insurance premiums under President Barack Obama's law. "It's been a comedy of errors from the start," said K.C. Crafts, a freelance financial writer from South Berwick, Maine.

  • House Roll Call: Approving 1-week DHS funding bill Friday, 27 Feb 2015 | 10:25 PM ET

    The 357-60 roll call Friday by which the House approved a bill to fund the Homeland Security Department for one week. The bill goes to President Barack Obama for his signature. Republicans— Aderholt, X; Brooks, N; Byrne, Y; Palmer, N; Roby, Y; Rogers, Y.

  • Ted Cruz of Texas told an influential anti-tax group Friday that he opposes Common Core education standards, a day after potential GOP presidential rival Jeb Bush endorsed the program. Cruz described Common Core as "national standards being dictated from Washington" during an appearance at the Club for Growth's annual winter meeting. Cruz and Bush are among...

  • Pence: 'Dramatically increase' defense spending Friday, 27 Feb 2015 | 9:49 PM ET

    OXON HILL, Md.— Indiana Gov. The Republican state executive, who is considering a 2016 presidential bid, told conservatives that the next race for the White House would likely center on foreign policy for the first time in more than three decades. "With everything happening in the world, it is imperative, my fellow conservatives, that conservatives again embrace...

  • HOUSTON, Feb 27- Negotiations to settle the largest U.S. refinery strike are set to resume on March 4, the union and lead oil company negotiator said on Friday, the 27th day of the work stoppage. Talks between Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc and the United Steelworkers union broke off on Feb. 20 after refinery owners balked at a settlement.

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil after police began fining and arresting protesters, though strike organizers said they had no plans to end their stoppage now in its 10th day. Brazil is the world's No. 2 soy producer and a top global supplier. Silos at Paranagua, Brazil's second-largest soy export port, now...

  • SAN FRANCISCO, Feb 27- Google Inc submitted plans on Friday for a vastly expanded headquarters at the Silicon Valley city where the tech giant is based, presenting a bucolic vision of movable structures to be built under curving and translucent canopies. The new headquarters would give the Internet company the room for an additional 10,000 employees, compared...

  • NEW YORK— A judge has ordered a prominent Texas businessman and his brother's estate to pay $299 million after a federal jury New in York found they engaged in a massive fraud to evade taxes. District Judge Shira Scheindlin issued a final order Thursday in the Securities and Exchange Commission's suit against Sam Wyly and the late Charles Wyly.

  • After strong February, big jobs report in focus Friday, 27 Feb 2015 | 6:25 PM ET
    A "now hiring" sign at a fast food restaurant in New York.

    The monthly nonfarm payrolls report takes the spotlight next week as investors continue to look for guidance on the timing of an interest rate hike.

  • WASHINGTON— Federal Reserve Chair Janet Yellen met Friday with a group of conservative activists who are unhappy with the way the central bank is conducting its interest-rate policies. Yellen rejected the GOP criticism as unfounded. Representatives of the Heritage Foundation and Cato Institute also participated in the meeting.

  • NEW YORK/ WASHINGTON, Feb 27- Puerto Rico's Doral Bank has failed and a local rival will take over its operations, authorities said on Friday after accidentally releasing the information early and sending shares down 46 percent before trading was halted. The FDIC announced on Friday that the bank had been closed and its banking operations and deposits will be...

  • SAN JUAN, Puerto Rico— Puerto Rico's heavily indebted public power company is asking creditors for more time to present its restructuring plan. The Electric Energy Authority owes more than $9 billion and is still negotiating with creditors. The announcement comes as Puerto Rico seeks to have its public corporations given protection under the federal...

  • CHICAGO, Feb 27- Chicago drew closer to a fiscal free fall on Friday with a rating downgrade from Moody's Investors Service that could trigger the immediate termination of four interest-rate swap agreements, costing the city about $58 million and raising the prospect of more broken swaps contracts. "This is an unfortunate wake-up call for anyone still asleep...