Warren Buffett's Berkshire Hathaway posted a 67-percent increase in operating profit, helped by its performance in insurance underwriting and its non-insurance businesses.
Stocks accelerated their losses in the final minutes of trading to close near lows Wednesday, pressured by a handful of lackluster tech earnings and amid renewed concerns over the euro zone.
U.S. stock index futures were lower Wednesday as central banks seemed to drift away from the idea of injecting more monetary stimulus and European shares fell.
Wednesday, 7 Dec 2011 | Posted By:
| Source: CNBC.com
Stocks spiked in the final minutes of trading Wednesday following a report that the G20 is considering a $600 billion IMF lending program to euro zone, but came off their highs after the IMF denied the report. Investors were also closely waiting for the key EU summit at the end of the week.
When the 13th seeded Ohio Bobcats take on North Carolina tonight in the NCAA Tournament, the team is also playing the underdog role for its apparel sponsor, Russell Athletic... Read More