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Annual report offers new clues about Buffett's successor

Billionaire Warren Buffett is proud of what he's built as Berkshire Hathaway's CEO over the past 50 years, but he's also willing to admit making a few costly mistakes along the way.

Moody's downgrades Chicago's rating over pensions

Moody's Investors Service has downgraded Chicago's credit rating to two levels above junk status, citing the city's $20 billion mountain of unfunded pension liabilities.

US economic growth in Q4 revised down to 2.2 percent

The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit.

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Gas prices soar in California as supply shrinks

Gas prices are soaring in California in a classic example of supply and demand after an explosion stopped gasoline production at an Exxon Mobil refinery while another remains offline due to labor unrest.

Stocks slip after weaker growth, end best month since 2011

February proved to be a strong month for U.S. stocks, even though it ended in downbeat fashion.

US stock indexes drift mostly lower as oil prices sink

U.S. stocks drifted to a slightly lower finish on Thursday, weighed down by falling energy stocks as the slump in oil prices deepened.

Stock market shrugs off net neutrality vote

The stock market largely shrugged off the Federal Communications Commission's vote to impose tougher rules on broadband providers like Comcast, Verizon and AT&T to prevent them from creating paid fast lanes for the Internet and slowing or blocking Web traffic.

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House votes to expand college accounts Obama wanted to scrap

The House voted Wednesday to expand the benefits of popular college savings plans that President Barack Obama failed to scale back.

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Morgan Stanley to pay $2.6B to settle charges over mortgages

Morgan Stanley said Wednesday that it has agreed to pay $2.6 billion to settle with the federal government over its role in the mortgage bubble and subsequent financial crisis.

Dow ekes out another record close even as other indexes slip

The Dow Jones industrial average notched its third record high close in a row Wednesday, even as other market indexes ended lower.

Target reports 4Q loss on Canada pullout; outlook cautious

Target Corp. delivered a cautious profit outlook for the first quarter and reported a loss in its fourth quarter, dragged down by costs to end its money-losing foray in Canada.

Fewer sellers pushes up US house prices in December

U.S. home prices rose in December at a faster pace than the previous month, likely because of a much smaller number of homes for sale.

Defying GOP, Obama vetoes Keystone XL pipeline bill

Defying the Republican-run Congress, President Barack Obama rejected a bill Tuesday to approve construction of the Keystone XL oil pipeline, wielding his veto power for only the third time in his presidency.

Slight gains push US stocks to record highs; Home Depot up

The Dow Jones industrial average and Standard & Poor's 500 index delivered new highs Tuesday, beating marks they set last week.

Home Depot beats Street 4Q forecasts

The Home Depot Inc. on Tuesday reported fiscal fourth-quarter earnings of $1.38 billion.

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