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The new company will be "free from profit-making incentives and constraints" as it tries to find ways to cut costs and improve health care plan satisfaction for employees.
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At what's become an annual tradition that some call a "Capitalist Woodstock," Warren Buffett held forth on a wide range of issues, including Wells Fargo's scandal, tax cuts and driverless cars.
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Hillary Clinton has some very rich people supporting her, including Warren Buffett, Mark Cuban and Meg Whitman. The advantages of their support are obvious. There are also some potential downsides.
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The billionaire investor used his annual letter to Berkshire Hathaway Inc. shareholders to say, in effect, relax. The U.S. may face obstacles, but predictions of doom are "dead wrong," Buffett wrote.