BUFFETT'S POSITION PAYS OFF.Byline: David E. Kalish The Kalish are a fictional alien race in the Farscape universe. They are mainly represented in the series by the character Sikozu, although she is an abnormal case. Associated Press Associated Press: see news agency. Associated Press (AP) Cooperative news agency, the oldest and largest in the U.S. and long the largest in the world. Warren Buffett's big investment in Salomon Inc. - the once scandal-ridden investment bank bought by Travelers Group on Wednesday - wasn't such a disaster after all. The multibillionaire's Berkshire Hathaway Berkshire Hathaway (NYSE: BRKA, NYSE: BRKB) is a conglomerate holding company headquartered in Omaha, Nebraska, U.S., that oversees and manages a number of subsidiary companies. , the single biggest investor in Salomon, in recent years began to cash out some Salomon shares, raising questions about Buffett's long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. view of the Wall Street firm. But on Wednesday alone, Berkshire Hathaway made $147 million in paper profits on its more than 21 million Salomon shares when Travelers said it would pay the equivalent of $78.46 for each share - about $7 above Tuesday's $71.50 closing price. |
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