Berkshire Takes 3% Stake in Swiss Re
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Swiss Reinsurance, the biggest reinsurer, said billionaire investor Warren Buffett's Berkshire Hathaway took a 3 percent stake and will assume a share of its non-life business, giving Swiss Re's shares their biggest spike in four years. Berkshire will get 20 percent of Swiss Re's property and casualty business over the next five years, Swiss Re said [...].
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Swisscom  has agreed to  repurchase a 25 percent stake in Swisscom Mobile from British  mobile phone company Vodafone  for 4.25 billion Swiss  francs ($3.48 billion), in a long-awaited deal.
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British insurer Royal & Sun Alliance  (RSA) said on Monday it had completed the disposal of its U.S. operation to Arrowpoint Capital Corp., the company set up by the unit's management, causing its shares to rise.
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Warren Buffettâs Berkshire Hathaway snapped up a 60 percent stake in Marmon Holdings, the Pritzker familyâs sprawling industrial conglomerate.
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Shares in Swiss bank Credit Suisse  fell by around 3 percent on Monday after a Swiss newspaper reported the bank faced writedowns in its commercial mortgage and leveraged-finance business.
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Banco Santander Central Hispano (SCH) said it had instructed Merrill Lynch to place, on its behalf, up to 2.51 percent of Royal Bank of Scotland's (RBoS) equity with institutional investors.
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Warren E. Buffettâs holding copmany Berkshire Hathaway Inc. agreed to expand its new bond insurer nationwide in exchange for faster licensing.
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The reinsurer SwissRe says it is selling its landmark London office block, popularly known as the &quot;gherkin,&quot; to a German real estate firm for 600 million pounds.
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Bouygues SA, the world&#39;s third- biggest builder, may sell its Saur unit, France&#39;s No. 3 water business, to buyout firm PAI Partners for 1.04 billion euros ($1.
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Berkshire Hathaway Inc , the conglomerate headed by billionaire investor Warren Buffett, said on Tuesday it planned to buy 60 percent of manufacturing and services group Marmon Holdings Inc. for $4.5 billion.
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In its second acquisition this week, Warren Buffettâs Berkshire Hathaway agreed to buy the NRG reinsurance unit of ING, the Dutch financial services company.
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Billionaire gives beleaguered European reinsurer and peers a vote of confidence with 3% investment.
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ZURICH : Swiss reinsurance group Swiss Re said it had nearly doubled its net profit in the first half of the year thanks to a better-than-expected investment result.
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The Swiss insurance group Zurich Financial Services said it had sold its London-based reinsurance arm Turegum to Harper holdings.
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British billionaire adds to stake even after a big-fourth-quarter loss.
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POSCO Co. Ltd.  surged as much as 3.8 percent on Friday after U.S. investor Warren Buffett's firm Berkshire Hathaway Inc. said it owned a 4 percent stake in the South Korean steel maker as of the end of 2006.
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Business & money: 9.30am: Shares in the bank jumped almost 3% after recommendation.