WARREN BUFFETT

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More billionaires pledge fortunes to charity

More than 30 U.S. billionaires pledged on Wednesday to give away at least 50 percent of their wealth to charity as part of a campaign by investor Warren Buffett and Microsoft founder Bill Gates.

Stock futures slip ahead of GDP data

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Wall St stock index futures pointed to a lower start on Friday as investors stayed cautious ahead of U.S. GDP data, with S&P 500, Dow Jones and Nasdaq futures down 0.3 to 0.4 percent at 5:11 a.m. ET.
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A virtual tool to know your scrap gold value

Consumers report the primary obstacle in selling unwanted gold jewelry is confusion about their gold's true value. Lack of knowledge about the weight of their gold and strange terms like pennyweights (dwt), grams and troy ounces, confuse and intimidate many potential gold sellers.
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Obama and Buffett meet on jobs, economy

U.S. President Barack Obama discussed his efforts to stimulate the economy and create jobs with billionaire U.S. investor Warren Buffett in an Oval Office meeting on Wednesday, a White House official said.
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Crisis commission to examine Goldman, AIG ties

A U.S. commission is planning to focus on the ties between Goldman Sachs Group Inc and American International Group Inc, and how derivatives transactions between the two financial giants may have contributed to the financial crisis.
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Business Wire bans email submissions after hoax

Press release service Business Wire said on Monday it will no longer accept releases by email after it inadvertently distributed a hoax statement involving a small pharmaceutical company, days after its main rival was burned in a similar fashion.
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Buffett lunch gets $1,5 million bid as auction ends soon

A bidder is offering to pay $1,500,100 for a steak lunch with the billionaire investor Warren Buffett, driving the top bid more than $500,000 higher in seven minutes as the annual charity auction on eBay Inc's website heads into the homestretch.
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Goldman subpoenaed by financial crisis commission

Goldman Sachs Group's U.S. government ties suffered a fresh blow on Monday, as a commission probing the financial crisis subpoenaed the bank, claiming the firm had flooded the panel with 2.5 billion pages of records.
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Commission serves Goldman with subpoena

A government commission investigating the financial crisis has issued a subpoena to Goldman Sachs Group Inc for failing to comply with a request for documents and interviews in a timely manner, the commission said on Monday.
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Buffett fails to wow crisis panel on credit raters

The Oracle of Omaha, for once, may have failed to impress his audience. Warren Buffett, the billionaire whose investments are followed religiously on Wall Street, had no easy remedies when grilled on Wednesday about the role of credit rating agencies in fueling the financial crisis.
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Buffett cools on credit raters in panel grilling

The Oracle of Omaha suddenly seemed short of answers. Warren Buffett, the billionaire whose investments are followed religiously on Wall Street, had no easy remedies when grilled on Wednesday about the role of credit rating agencies in the financial crisis.
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Buffett put on defensive over credit raters

Billionaire investor Warren Buffett distanced himself from embattled credit rating agencies, saying they have lost some of their investment appeal amid criticism of their role in fueling the financial crisis.
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Moody's analysts felt bullied to give rosy ratings

Some former officials at Moody's said they felt intimidation from bosses to assign rosy ratings to risky debt products, according to testimony to a government panel probing the causes of the financial crisis.
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Moody's analysts: we were bullied for rosy ratings

Some former Moody's analysts said they felt intimidated by bosses to assign rosy ratings to risky debt products, according to testimony to a government panel probing the causes of the financial crisis.

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