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Buffett looks to succession, signals future growth problem

NEW YORK - In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. But he now says: Do not expect a repeat of that outperformance in the next 50. In the 84-year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large - 751,000 times its original net worth per share - that the future pace o | Video

Recent Business News

Hyundai recalls more than 200,000 Elantras over steering problem

WASHINGTON - Hyundai Corp is recalling 204,768 Elantras because of a power steering defect that might cause the cars to suddenly revert to manual steering, the company said Saturday in a report filed with U.S. auto safety regulators.

28 Feb 2015

Dudley, top U.S. economists urge later Fed rate hike

NEW YORK - Raising interest rates too late is safer than acting too early, an influential Federal Reserve official said on Friday, endorsing a high-profile research paper that argues the U.S. economy, given time, can rebound to the strong growth rate to which Americans are accustomed.

27 Feb 2015

Wall Street ends down after data; posts strong gains for month

NEW YORK - The S&P 500 posted its best monthly gain since October 2011 on Friday, but U.S. stocks ended lower for the day as U.S. economic growth slowed more sharply than initially thought in the fourth quarter.

27 Feb 2015

Greece seeks negotiations on ECB bond repayment

ATHENS - Greece called into question on Saturday a major debt repayment it must make to the European Central Bank this summer, after acknowledging it faces problems in meeting its obligations to international creditors.

28 Feb 2015

HSBC not the troublemaker made out to be, rival Swiss banker says

ZURICH - HSBC , in the spotlight after details emerged about how its Swiss unit allegedly helped clients dodge taxes, isn't the troublemaker it is currently depicted as, the head of a rival private bank was quoted saying on Saturday.

28 Feb 2015

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