Oil stocks up, prices gyrate
Oil prices dipped below US$100 a barrel Wednesday as a surprise increase in United States gasolene supplies and a bigger-than-expected jump in crude stocks offered more evidence that a rough economy is forcing Americans to drive less.Light, sweet crude...
Buffett to buy US$3b of GE preferred stock
Warren Buffett's Berkshire Hathaway Inc is investing US$3 billion in General Electric Company, a huge vote of confidence for an iconic American company battered by the credit crisis.It is the second time in as many weeks that Berkshire Hathaway has moved...
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