Buffett Re-Examines Reinsurance

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The obscure business of reinsurance has always been one of Warren Buffett’s favorite money makers, but a changing landscape has led his Berkshire Hathaway to adjust its strategy.

Investigators Believe Funds Flowed to Malaysian Leader's Accounts

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Malaysian investigators scrutinizing a government investment fund have traced nearly $700 million of deposits into what investigators believe are the personal bank accounts of Prime Minister Najib Razak, according to documents from a government probe.

Jobs Market Continues Its Fitful Recovery

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After six years of fitful growth, a mixed jobs report for June illustrated how underlying softness continues to beset the U.S. economy. Employers added 223,000 jobs and unemployment fell to 5.3%, but wage growth remains slow and labor-force participation shrank.

Sotheby's Maintains Momentum

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Sotheby’s continued its winning streak in London’s auction market on Wednesday, selling $204 million of contemporary art at its annual summer evening sale.

U.S. Stocks End Slightly Lower

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Stocks ended slightly lower Thursday, even after the U.S. jobs report reaffirmed investors’ belief that the Fed would be patient on rates.

Investors on Edge Ahead of Greek Referendum

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With opinion polls suggesting the vote on Greek austerity may be close, many investors are opting to ride out the storm and stick with their holdings of European stocks.

ECB Dips Toe in Corporate Bond Pool

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Bonds of Italy’s Enel are on the ECB’s shopping list. Investors shouldn’t assume this prefaces mass corporate-bond buying.

Economists Tie Puerto Rico's Pain to U.S. Wage Standards

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Puerto Rico’s economic problems stem in some part, some economists say, from how the U.S. commonwealth has to operate under the same minimum-wage rules as the more prosperous 50 states.

U.S. Jobless Claims Rise to 281,000

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The number of Americans filing new claims for jobless benefits rose last week, but the level remains historically low.

H&M's Hem Has Further to Fall

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Fashion retailer H&M is looking to the U.S. and China for growth. But jaunts outside its European core markets could further weigh on gross margins.

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