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Berkshire’s cash swells as profit rises, signaling caution ahead of Buffett departure

By Jonathan Stempel (Reuters) -Berkshire Hathaway signaled on Saturday that it remained cautious about markets, letting cash swell to a record $381.7 billion even as profit rose, in its last financial report before Warren Buffett bows out as chief executive. Between July and September, Buffett’s conglomerate ...
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Berkshire Hathaway’s profits rise 17% as Warren Buffett prepares to step down as CEO

OMAHA, Neb. (AP) — The profits of Warren Buffett’s company improved 17% thanks to a relatively mild hurricane season and more paper investment gains this year as Berkshire Hathaway continues to prepare for the legendary 95-year-old investor to relinquish the CEO title in January. ...
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Furloughed federal workers face delays getting unemployment pay during shutdown

For more than two weeks now during the government shutdown, Imelda Avila-Thomas has been trying in vain to get approved for unemployment compensation to help cover essentials such as food and mortgage payments for her family while she’s on unpaid furlough from her federal ...
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Canadian prime minister says he told Ontario’s premier not to run anti-tariff ad that upset Trump

TORONTO (AP) — Canadian Prime Minister Mark Carney said he told Ontario’s premier not to run an anti-tariff advertisement that prompted U.S. President Donald Trump to end trade talks with Canada. Carney also confirmed that he apologized to the president during a dinner at the ...
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Coinbase holds edge in US crypto race even as rivals’ public listings reshape landscape

By Manya Saini (Reuters) -Coinbase’s first-mover advantage as the only publicly traded crypto exchange helped it top earnings estimates again, but competition is looming from clearer rules and newly listed companies, Wall Street analysts said on Friday. The global crypto market has swelled to $3.7 trillion ...
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Central Bancompany eyes up to $5.7 billion valuation in rare US bank IPO

By Pritam Biswas (Reuters) -Central Bancompany said on Friday that it was targeting a valuation of up to $5.72 billion in its U.S. initial public offering, in a rare move for a U.S. bank looking for a fresh flotation. The Jefferson City, Missouri-based lender is looking ...
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Trump efforts to help US coal undercut by export drop during trade war

FORT COLLINS, Colo (AP) — President Donald Trump’s efforts to help the U.S. coal industry at home are being undermined by falling sales abroad amid his trade war with China, new government reports show. China has stopped importing U.S. coal, accounting for most of a ...
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Pfizer sues to stop rival bid for drugmaker Metsera by Denmark’s Novo Nordisk

Pfizer is suing over some unsolicited competition in its nearly $5 billion bid to buy the drugmaker Metsera. New York-based Pfizer said Friday after markets closed that it was suing Metsera and a third drugmaker, Denmark’s Novo Nordisk, over a bid for Metsera that Novo ...
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US to announce that Nexperia’s Chinese facilities will resume shipments, source says

By David Shepardson WASHINGTON (Reuters) -The White House plans to announce that Dutch chipmaker Nexperia’s China facilities will resume shipments, a source familiar with the situation told Reuters, in a key boost for auto manufacturers worldwide. The company produces large volumes of chips in the Netherlands ...
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Spirit AeroSystems posts wider quarterly loss on rising costs

(Reuters) -Spirit AeroSystems posted a bigger third-quarter loss on Friday, as the aerospace supplier continues to burn through cash, weighed down by higher costs in its supply chain. The company, which is set to be acquired by its former parent, Boeing, is grappling with rising ...
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Trump administration announces $100 million in funding to upgrade coal plants

(Reuters) -The U.S. Department of Energy on Friday announced that it would make $100 million available to refurbish and modernize existing coal-fired power plants. The move is part of the Trump administration’s effort to reverse the decline of coal use in the United States. The ...
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US defense company Anduril flies its uncrewed jet drone for first time

By David Jeans NEW YORK (Reuters) -Anduril’s jet-powered drone flew for the first time on Friday, the company and the U.S. Air Force said, marking a significant step for the defense tech company’s drone ambitions. The Los Angeles-based company, which won an Air Force contract last ...
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