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Berkshire Hathaway has its largest cash holdings ever, prompting Warren Buffett watchers to wonder about his next move.
NEW YORK, Aug 4- Bond prices rallied and European bank stocks rose on Monday after Portugal devised a plan to prevent the collapse of one of its biggest lenders.
*Berkshire Hathaway shares up after results. *Michael Kors shares reverse premarket move, fall 5.5 pct. NEW YORK, Aug 4- U.S. stocks rose in morning trading on Monday, lifted by earnings including those of Warren Buffett's Berkshire Hathaway, with gains partly offset by drops in high-yielding dividend stocks in the utilities sector.
NEW YORK, Aug 4- Bank shares helped Wall Street rebound on Monday from a sharp weekly, following a rescue deal for Portugal's largest listed lender and supported also by earnings from companies such as Berkshire Hathaway.
*Berkshire Hathaway shares up after results. *Diamond Offshore weighs on Loews earnings. *Portugal will spend 4.9 billion euros to rescue Banco Espirito Santo, its largest listed lender, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.
U.S. stock index futures take their lead from Europe and show signs of recovery following last week's global stock market rout.
Some of the names on the move ahead of the open.
Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent to a record high.
Aug 1- Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit soared 41 percent, reflecting a substantial increase in investment gains and improved results in manufacturing, service and retail businesses. Net income rose to $6.4 billion, or $3,889 per Class A share, from $4.54 billion, or $2,763 per share, a year earlier.
TORONTO, Aug 1- Quebec's securities regulator is investigating Fairfax Financial Holdings Ltd, its chief executive officer and president for possible illegal insider trading as well as tipping, or passing along sensitive information, Fairfax said.
July's employment report is expected to be strong—good news for the economy, but possibly bad news for markets.
Warren Buffett called into CNBC to surprise 17-year-old Tre Grinner, a Hodgkin's Lymphoma patient who wants to be an investment banker.
July 25- John Malone's Liberty Media Corp started the process of spinning off its cable assets through a stock dividend to its shareholders to form a new listed company called Liberty Broadband. Liberty Media shares were up 2 percent in premarket trading. Berkshire Hathaway Inc and Comcast Corp are among Liberty Media's top shareholders.
The train originated in North Dakota and was bound for Tesoro Corp's 120,000 barrel-per-day Anacortes oil refinery, 80 miles north of the city, Tesoro confirmed.
July 24- A Burlington Northern Santa Fe train carrying crude oil derailed as it departed a railyard in north Seattle on Thursday but there were no immediate reports of a spill or injury, BNSF said in a statement.
July 24- A Burlington Northern Santa Fe train carrying crude oil derailed in Seattle on Thursday, but there were no immediate reports of a spill or injury, according to local television stations.
HOUSTON, July 23- A top U.S. railcar maker, The Greenbrier Companies Inc, said on Wednesday a two-year timeline to retire older railcars that carry dangerous flammable liquids, including North Dakota Bakken crude, is "aggressive" but can be done.
CHICAGO, July 23- As U.S. farmers turn in record grain crops this autumn, many will have a powerful new tool- giant sausage-shaped storage bags- to help them avoid the lowest prices in years and gain more control over trade with giants such as Cargill Inc..
Bill Ackman fired his latest shot at Herbalife Tuesday, but the company's stock mostly rose during the investor's presentation.
NEW YORK, July 22- A federal appeals court on Tuesday ordered Travelers Cos Inc to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville Corp, a policyholder that spent six years in bankruptcy during the 1980 s.