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| Friday, Nov. 6, 2009 |
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Earnings roundup: Berkshire Hathaway, Rosetta
Top stories: OMAHA, Neb. (AP) - Warren Buffett's company says its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts. Other stories: HOUSTON (AP) - Rosetta Resources Inc. said its revenue fell by nearly half due to lower natural gas prices. GREAT NECK, N.Y. (AP) - One Liberty Properties Inc. said its third-quarter funds from operations rose 22 percent as rental income increased. YORK, Pa. (AP) - York Water Co., which purifies and distributes water, said a higher number of customers plus a rate increase lifted its third-quarter profit by 20 percent. NEW YORK (AP) - Brookfield Asset Management Inc. said its third-quarter profit fell 35 percent, as revenue declined, expenses rose and the company booked a charge of more than $192 million as the value of assets declined amid the weak economy. ATLANTA (AP) - Mirant Corp. posted a 97 percent plunge in its third-quarter profit - driven mainly by one-time hedging losses - and lowered its 2009 adjusted earnings before interest, taxes, depreciation and amortization. 2009-11-06 22:56:55 GMT
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