Billionaire Warren Buffett said the U.S. will recover from the residential real estate slump by 2011 as demand for houses catches up with the supply that accumulated during the bubble.

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Buffett Says U.S. Housing Market to Recover in ‘Year or So’

February was a sweetheart of a month, with love for all (it’s all in the definition), and not just on the 14th. The FDIC loved another 500 banks, raising its list of ‘challenged’ institutions to 702 from the 252 that were the center of their admiration at year-end 2008. Google decided to engage …

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Consumers Just Didn’t Get The Memo – Everything Is Beautiful

LONDON (Reuters) – Prudential , Britain’s largest insurer, is in advanced talks to buy the Asian arm of U.S. giant AIG , in what could be one of the largest overseas deals to date for a UK firm, sources familiar with the discussions said on Saturday.

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UK’s Prudential in talks to buy AIG Asian arm: sources

Utility crews pushed through deep drifting snow and fallen trees Saturday to restore electricity to homes and businesses that lost power during a slow-moving winter storm that pounded the Northeast with heavy snow, rain and hurricane-force winds. Nearly every…

Snow – Wind – Northeastern United States – Weather – Kids and Teens

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Northeast storm’s wake: Nearly 600k without power

A winter storm that pummeled New York City for two days broke a monthly record for snowfall in Central Park that stood for 114 years, according to the National Weather Service.

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NYC Snow Storm Sets Record, Stops Flights, Cuts Power (Update1)

The ex-U.N. nuclear chief who has emerged as an opposition leader in Egypt urged the government Saturday to respond to peaceful demands for change, cautioning it could face a popular uprising if it doesn’t. Mohamed ElBaradei, who returned to Cairo a week ago…

Egypt – Mohamed ElBaradei – United Nations – Hosni Mubarak – Africa

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Ex-UN nuclear chief: Egypt is hungry for change

Billionaire Warren Buffett said Saturday that CEOs and the boards that hired them should pay a steep price if their companies get into trouble with risky investments. As part of his annual letter to Berkshire Hathaway Inc. shareholders, Buffett encouraged…

BerkshireHathaway – Warren Buffett – Berkshire – England – Recreation and Sports

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Buffett criticizes corporate risk management

ATHENS (Reuters) – Germany and France have agreed to help Greece sell bonds in return for stronger efforts by Athens to slash its budget deficit, a Greek newspaper said on Saturday, but a senior German official denied the report.

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German official denies report on aid for Greece

NEW YORK (Reuters) – Warren Buffett’s Berkshire Hathaway Inc said fourth-quarter profit surged, helped by improved results from derivatives bets tied to global stock markets, though operating profit fell 40 percent as the weakened economy weighed on several businesses.

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Berkshire net rises

TOKYO (Reuters) – Toyota Motor Corp’s president will hold a news conference in Beijing on Monday to explain its recent recalls, Kyodo news agency reported, citing an announcement by the automaker’s local unit.

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Toyota president to brief in China on recalls: report

President Barack Obama said this week’s summit on health care showed Republicans and Democrats can find some common ground on the issue, while indicating he’ll move forward even if all disagreements can’t be resolved.

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Obama Says Nation Cannot Lose Opportunity to Act on Health Care

NEW YORK (Reuters) – Berkshire Hathaway Inc, Warren Buffett’s insurance and investment company, reported a higher fourth-quarter profit, helped by improved results from investments and derivatives.

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Berkshire operating profit falls

A killer _ or killers _ may be on the loose in Europe after a Hamas operative was slain last month in Dubai. European nations, however, seem to be in no rush to find him, her or them. The spotlight is falling on those countries where police say the alleged…

Dubai – Hamas – United Arab Emirates – Police – Middle East

Europe wary following trail of Dubai killers

Warren Buffett’s Berkshire Hathaway Inc. said fourth-quarter profit jumped on the recovery of derivative bets tied to the world’s stock markets.

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Berkshire Profit Jumps to $3.1 Billion on Derivatives (Update1)

Billionaire investor Warren Buffett’s Berkshire Hathaway Inc. disclosed increased stakes in drugmaker Sanofi-Aventis SA and Tesco Plc, Britain’s largest retailer.

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Berkshire Discloses Increased Stakes in Sanofi-Aventis, Tesco