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Warren Buffett

Warren Buffett: Altruistic Defender of American Icons or Shrewd Profit Seeker?

Legendary investor Warren Buffett made a phone call to Bank of America CEO Brian T. Moynihan on Aug. 24 and offered to invest a staggering $5 billion in the bank. The Bank of America shares had been in doldrums amid questions over its liquidity situation and rumors that it would need a massive capital injection.
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Analysis: Buffett Trades off his Reputation, Returns Follow

Warren Buffett showed again this week that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that such deals can immediately generate profits.
IRENE beach in North Carolina

Irene’s Danger: How Do Experts Measure Catastrophes?

While no one can know ahead of time just how much destruction a Category 3 Hurricane like Irene will do, specialty companies that specialize in catastrophic risk analysis are armed with historical data as well as links to national computer centers that track the storm in real time.
Hurricane Irene Over the Bahamas

Hurricane Irene Track: Won't Halt NASA Twin Moon Probe [PHOTOS]

Gathering strength as she morphs into a major Category 4 storm, Hurricane Irene continues her assault threat on the East Coast. But even she can't slow preparations for NASA's upcoming launches from Florida's Space Coast, including a moon-studying mission slated to start Sept. 8, the space agency said.
Flu vaccine

Childhood Vaccines Are Safe, a New Study Affirms

There is a growing group of parents who refuse to vaccinate their children, believing that vaccines increase the risk of autism, diabetes, asthma and other ailments. But a new report from the Institute of Medicine of the National Academies concludes that adverse effects are extremely rare.
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TCW kept Gundlach in dark before termination

Trust Co of the West worked for months in secret to acquire an entire firm to replace its star bond fund manager Jeffrey Gundlach and his mortgage-backed securities department before terminating him, TCW's chief executive testified in court.

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