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Berkshire net down 40 percent on derivative losses
(Reuters)
 Reuters - Warren Buffett%27s Berkshire Hathaway Inc (BRKa.N)(BRKb.N) said on Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts.
Mortgage applications rise 1.3 percent last week
(AP)
 AP - Applications for home loans edged up last week as mortgage rates continued to hover near the lowest level in decades.
Swatch half-year net profit up 54 percent
(AP)
 AP - Swatch Group AG, the world%27s largest watchmaker, reported a 54 percent rise in half-year net profit Wednesday as sales recovered from a slump during the global economic downturn. |
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