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  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • In the 84- year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large- 751,000 times its original net worth per share- that the future pace of gains "will not come close" to those of the past. "I think Berkshire will outperform the average American company, but our advantage, if any, won't be great." Buffett, also addressing one...

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • NEW YORK— Hyundai is recalling about 263,000 cars in the U.S. and Canada because a sensor problem could cause drivers to lose power-assisted steering. The affected cars include model years 2008 to 2010 of Elantras made between June 1, 2008 and April 30, 2010 and Elantra Touring vehicles made between Nov. 1, 2008 and April 30. The recall includes nearly 205,000...

  • FairPoint more attractive to buyers with new labor pact Saturday, 28 Feb 2015 | 9:19 AM ET

    PORTLAND, Maine— FairPoint Communications said it needed to bring costs and benefits into sync with competitors in the telecommunications industry. Workers said during a four-month strike in northern New England that the company was positioning itself for potential sale, and a Wall Street analyst said shareholders are pressing for one.

  • 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...

  • 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...

  • 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.

  • 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.

  • 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.

  • 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...

  • Final Glance: Airlines companies Friday, 27 Feb 2015 | 6:02 PM ET

    Delta Air fell $1.40 or 3.0 percent, to $44.52. JetBlue Airways Corp. fell$. 16 or. 9 percent, to $17.19. Southwest Airlines Co. fell$. 84 or 1.9 percent, to $43.24.

  • Final Glance: Internet companies Friday, 27 Feb 2015 | 6:02 PM ET

    eBay fell$. 63 or 1.1 percent, to $57.91. Google Inc class A rose $3.34 or. 6 percent, to $562.63. Groupon Inc. fell$. 12 or 1.4 percent, to $8.18.

  • Final Glance: Oil companies Friday, 27 Feb 2015 | 6:02 PM ET

    BP PLC rose$. 08 or. 2 percent, to $41.44. ConocoPhillips fell$. 65 or 1.0 percent, to $65.20. Exxon Mobil Corp. fell$. 11 or. 1 percent, to $88.54.

  • Final Glance: Department Store Retail companies Friday, 27 Feb 2015 | 6:02 PM ET

    Kohl's Corp. rose $2.11 or 2.9 percent, to $73.80. Macy's Inc. rose$. 14 or. 2 percent, to $63.72. Nordstrom fell$. 42 or. 5 percent, to $80.43.

  • Final Glance: Aerospace companies Friday, 27 Feb 2015 | 6:02 PM ET

    Lockheed Martin Corp. fell $1.28 or. 6 percent, to $200.05. Northrop Grumman Corp. fell$. 60 or. 4 percent, to $165.71. Raytheon rose$. 17 or. 2 percent, to $108.77.

  • Nasdaq stocks posting largest volume increases Friday, 27 Feb 2015 | 6:02 PM ET

    The shares rose$. 09 or 11.8 percent to$. 85. Corporate Resource Sevices Inc.: Approximately 8,321,200 shares changed hands, a 1,429.2 percent increase over its 65- day average volume. The shares rose$. 04 or 37.4 percent to$. 16.

  • Final Glance: Food companies Friday, 27 Feb 2015 | 6:02 PM ET

    ConAgra Foods Inc. rose$. 31 or. 9 percent, to $34.98. General Mills Inc. rose$. 37 or. 7 percent, to $53.79. Hormel Foods Corp. rose$. 05 or. 1 percent, to $58.51.

  • Final Glance: Staffing companies Friday, 27 Feb 2015 | 6:02 PM ET

    Kelly Services Inc. class A fell$. 62 or 3.5 percent, to $17.31. Korn/Ferry International Inc. fell$. 21 or. 7 percent, to $30.60. ManpowerGroup fell $1.05 or 1.3 percent, to $80.46.

  • Final Glance: Chemicals companies Friday, 27 Feb 2015 | 6:02 PM ET

    NEW YORK— Shares of some top chemicals companies were down at the close of trading:. Dow Chemical Co. fell$. 01 or percent, to $49.24. DuPont Co. fell$. 18 or. 2 percent, to $77.85.