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Reuters first with Buffett news

Reuters was first to reveal on Nov. 20 that Warren Buffett’s Berkshire Hathaway Inc would have to post less-than-expected collateral to support its controversial derivative contracts. Berkshire shares, which had been down 10 percent prior to the initial headline, recovered nearly all their losses before giving back some of the recovery in tandem with a late stock market selloff.

Article Tags
Type: Reuters Best
Sectors: Equities
Regions: Americas
Countries: US