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Buffett Reports $200M Drop, Blames Recession

By John Johnson,  Newser Staff

Posted May 2, 2009 2:13 PM CDT

(Newser) – Warren Buffett told Berkshire Hathaway shareholders today that the company's first-quarter earnings will fall to $1.7 billion from $1.9 billion last year, reports Bloomberg. At the annual meeting, Buffett said the recession “significantly to drastically affected” the company's bottom line. Full earnings...   Read full story »

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