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Beverly H Magazine
NC, Charlotte, 3726 Havenwood Rd, 28205
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Berkshire Hathaway Profit Falls on Derivative Losses
Warren Buffett's Berkshire Hathaway posted a smaller second-quarter profit as losses on derivatives weighed on the company's bottom line.
Berkshire Hathaway Operating Profit Beats Estimate
Warren Buffett's Berkshire Hathaway Inc. late Friday reported its second-quarter operating earnings rose to $3.72 billion, or $2,252 per Class A share, from $3.42 billion, or $1,640 per Class A share, a year ago.
FTC Probes Third Point's Yahoo Investments: Report
The Federal Trade Commission is looking into Third Point's investments in Yahoo Inc , according to a Friday post on the AllThingsD site.
S&P Downgrades 15 Italian Banks
Standard & Poor's Ratings Services raised its economic-risk score on Italy and downgraded 15 Italian banks, noting the country faces a deeper and more prolonged recession than the firm had originally anticipated.
Capital Goods Sector Wrap
The Capital Goods sector (XLI) showed little movement while the S&P 500 gained 2% during trading today.
Globus Medical Marks Week's Second Post-IPO Stock Jump
Medical-device designer Globus Medical Inc. (GMED) jumped on its first day as a publicly traded company, the second stock this week to record strong gains in its public debut.
Consumer/Non-Cyclical Sector Wrap
The Consumer/Non-Cyclical sector (XLP) showed little movement while the S&P 500 gained 2% during trading today.
Financial Sector Wrap
The Financial sector (XLF) showed little change during trading today while the S&P 500 rose 2%.
Energy Sector Wrap
On a trading day that saw the S&P 500 gain 2%, the Energy sector (XLE) showed little change.
U.S. Bank Business Loans Stayed Flat at $1.451 Trillion in Latest Week
U.S. banks' commercial and industrial loans remained flat at $1.451 trillion in the week ended July 25, the latest week for which data are available, the Federal Reserve said Friday.
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