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Buffett's Berkshire takes $4.48 billion stake in Phillips 66

- Warren Buffett's Berkshire Hathaway Inc disclosed a $4.48 billion stake in oil refiner Phillips 66 , rebuilding a bet it had made in the energy industry before oil prices fell.

Recent Business News

IMF's Lagarde says restructuring should suffice for Greek debt

ZURICH - A form of debt restructuring rather than outright forgiveness should enable Greece to handle its "unviable" debt burden, the head of the International Monetary Fund was quoted as telling a Swiss newspaper.

Greece, IMF 7:11am EDT

Syngenta may seek partners, JVs after product review: chairman in paper

ZURICH - Syngenta AG may seek partners to help improve its product lineup after a thorough review in the wake of a rebuffed takeover approach from Monsanto Co , the agrichemicals group's chairman told a Swiss newspaper.

8:44am EDT

Ashley Madison courted several buyers, landed none before attack

TORONTO - The owner of adultery website Ashley Madison had already been struggling to sell itself or raise funds for at least three years before the publication of details about its members, according to internal documents and emails also released by hackers as part of their assault on the company in recent weeks.

Tech, Deals 7:50am EDT

Tycoon to the rescue as cheaper China floods Vietnam's economy

HANOI - Soldier-turned-tycoon Nguyen Huu Duong is a fierce patriot still fighting to protect his country, four decades after battling American forces in the Vietnam War.

6:37pm EDT

Fed says rate hike next month hinges on market volatility

JACKSON HOLE, Wyo. - The Federal Reserve on Friday left the door open to a September interest rate hike even while several U.S. central bank officials acknowledged that turmoil in financial markets, if prolonged, could delay the first policy tightening in nearly a decade.

28 Aug 2015

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