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  • Operating earnings at Warren Buffett's Berkshire Hathaway fell slightly in the third quarter, with a big drop in profits for its insurance-underwriting operations.But the company posted a big increase in net earnings due to a $2 billion dollar one-time gain  from sales of investments (PetroChina!)

  • Genentech's Avastin: An "Eye Opening" Disclosure? Thursday, 1 Nov 2007 | 9:44 AM ET

    Yet another chapter in the unfolding saga of Genentech's Avastin being used instead of Lucentis to treat age-related macular degeneration (AMD). The other day I blogged about the new "Open Letter" on the company's homepage announcing that it's delaying the implementation of its attempted crackdown on the cheaper, similar cancer drug being used...

  • Prudential Reports Lower Earnings, Raises Guidance Wednesday, 31 Oct 2007 | 8:02 PM ET

    Prudential Financial, one of the largest U.S. life insurers, said on Wednesday that third-quarter net income fell 25 percent, hurt by investment losses, but operating earnings beat analysts' expectations.

  • MetLife's Third Quarter Flat, Investment Losses Hurt Wednesday, 31 Oct 2007 | 7:58 PM ET

    MetLife, the largest U.S. life insurer, said on Wednesday that net earnings per share were barely changed for the third quarter, as it suffered investment losses, but operating net beatanalysts' estimates.

  • Eli Lilly: Will They Get Lucky With 'One A Day' Cialis? Wednesday, 31 Oct 2007 | 3:36 PM ET
    Eli Lilly

    Today's the day Eli Lilly was expected to get a Food and Drug Administration decision on the first-ever one-a-day impotence drug. Right now, the company sells Cialis for use as needed. But men could pop this one every day--like an aspirin or multi-vitamin--so the drug would always be "on boa

  • Genentech "Sees The Light" On Avastin? Tuesday, 30 Oct 2007 | 1:05 PM ET

    In a remarkably candid "Open Letter" on the homepage of its web site Genentech is taking a step back from implementing its new restrictive policy over the use of the cancer drug Avastin in lieu of Lucentis for age-related macular degeneration (AMD), the leading cause of adult blindness. I had recently blogged about the company's action and angry reader response to it.

  • CNBC's Becky Quick traveled exclusively with Warren Buffett on a whirlwind tour of China and South Korea.  All this morning on Squawk Box, she is reporting in-depth on the trip and what it tells us about Buffett's investment philosophy.  In this excerpt from an interview with Buffett while he and Becky were flying to China, he talks about the prospects for his investment in that country and why the Chinese people should be petitioning to get one particular Berkshire Hathaway product.

  • Humana Profit Rises on Medicare Health Plans Monday, 29 Oct 2007 | 8:34 AM ET

    Humana posted a sharply higher quarterly profit on Monday, above Wall Street's target, on continued strength in its Medicare health plans for the elderly and its plans for employers.

  • Resolution No Longer Favors Standard Life Bid Monday, 29 Oct 2007 | 3:53 AM ET

    British insurer Resolution said on Monday it was dropping its recommendation of a 4.9 billion pound ($10.1 billion) bid from Standard Life, but taking a neutral stance on a rival  bid from Pearl.

  • Insurer Resolution Backs Standard Life Takeover Bid Friday, 26 Oct 2007 | 10:06 AM ET

    British insurer Resolution recommended shareholders accept a $10 billion offer from rival Standard Life on Friday and backed away from its proposed takeover of Friends Provident.

  • California Wildfire Damages Could Top $1.6 Billion Friday, 26 Oct 2007 | 12:27 AM ET
    A Los Angeles County firefighter braces against wind and flames as fire leaps across Rambla Pacifico in the Santa Monica Mountains.

    Insured losses from California wildfires could exceed $1.6 billion if the fires continued tospread, a risk modeling firm said Thursday.

  • AIG Writedown Talk Is Untrue, Faber Says Thursday, 25 Oct 2007 | 3:30 PM ET

    Rumors that American International Group will take a large writedown were disputed Thursday in a report from CNBC's David Faber.

  • Aetna's Profit Rises as Membership Increases Thursday, 25 Oct 2007 | 10:51 AM ET

    Aetna on Thursday posted a better-than-expected third-quarter profit as membership increased, and the health insurer raised its full-year forecast.

  • British Insurer Aviva's 9-Month Sales Jumps 24% Thursday, 25 Oct 2007 | 7:34 AM ET

    British insurer Aviva said Thursday that sales rose 24 percent in the first nine months of the year as the company won new business and benefited from a U.S. acquisition.

  • California Wildfire Damages Pegged at $1 Billion Wednesday, 24 Oct 2007 | 2:19 PM ET

    Firefighters battling 15 fires across Southern California got a break from slowing winds Wednesday, but major blazes burned unchecked for a fourth day.

  • Wellpoint Profit Rises on Higher Membership Wednesday, 24 Oct 2007 | 11:17 AM ET
    Wellpoint

    Health insurer WellPoint said on Wednesday that third-quarter profit rose 7 percent, helped by higher membership and improved control of operating costs.

  • Schwarzenegger: California Fires to Hit Economy Tuesday, 23 Oct 2007 | 9:55 PM ET

    Wildfires continued to burn out of control across Southern California for a third day on Tuesday as 500,000 people fled the San Diego area, and firefighters made a desperate stand to save a mountain town ringed by flames.

  • Sony Closes HQ Near San Diego Due to Fires Tuesday, 23 Oct 2007 | 12:21 PM ET

    The corporate headquarters of Sony Electronics has been closed Tuesday for the second day due to the wildfires ravaging Southern California.

  • UK's Prudential Says Insurance Sales Rise 15% Tuesday, 23 Oct 2007 | 3:54 AM ET

    Britain's Prudential reported a 15 percent rise in nine-month insurance sales on Tuesday, at the high end of forecasts, as strong growth in Asia and the United States offset a shrinking business at home.

  • Shares in British insurer Resolution climbed more than 3 percent in early trade on Monday on hopes of a 5 billion pound ($10.2 billion) bid from rival Standard Life, backed by Swiss Re.

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