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Berkshire Hathaway Inc. (BRKA, BRKB) sold its stakes in defense contractor General Dynamics Corp. (GD) and agricultural giant Archer Daniels Midland Co. (ADM) in the first quarter, the Omaha, Neb., company said in a regulatory filing Wednesday.The company also purchased a stake Chicago Bridge & Iron Co. (CBI), a Netherlands engineering firm, and added to its stakes in existing holdings including International Business Machines Corp. (IBM), Wells Fargo & Co. (WFC), DirecTV (DTV) and Wal-Mart Stores Inc. (WMT).Berkshire's chief executive and controlling shareholder is Warren Buffett, a billionaire investor whose stock picks are widely followed in the market thanks to his 48-year record at Berkshire of posting 20% annualized returns.Write to Anupreeta Das at anupreeta.das@wsj.comSubscribe to WSJ: http://online.wsj.com?mod=djnwiresCopyright © 2013 Dow Jones Newswires...
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General Dynamics Corp said on Monday it notified 139 of its employees at the U.S. Army Depot in Anniston, Alabama last week that they face layoffs beginning in March...
General Dynamics Corp on Monday said it notified 139 of its employees at the U.S. Army Depot in Anniston, Alabama last week that they face layoffs beginning in March...
Warren Buffett's Berkshire Hathaway Inc. unloaded stakes in Archer Daniels Midland and General Dynamics , and initiated a position in Chicago Bridge & Iron , accordi...
U.S. weapons makers reported higher-than-expected profit and improved margins for the first quarter, even as revenue began to taper off after more than a decade of s...
Top weapons makers reported higher-than-expected profit and improved margins for the first quarter, even as revenue began to taper off after more than a decade of sh...
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Boeing's Dreamliner 787 took off Monday in the first of two flights aiming to prove that the plane's battery troubles are over. Boeing hopes the test flights will co...
British defense and aerospace supplier Cobham is to expand its commercial aircraft division and continue cost-cutting to offset forecast U.S. budget cutbacks and ret...
General Dynamics NASSCO, a primary constructor of ships for the U.S. Navy, warned about 1,040 employees on Monday of indefinite layoffs that may come in late April d...
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