InfoAnda - Buffett sees end to recession, uncertain on timing

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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: Buffett sees end to recession, uncertain on timing AP - Tuesday, May 5 WASHINGTON - Billionaire Warren Buffett says the latest recession really shook up Americans' confidence but he sees the economic slide ending. ADVERTISEMENT The head of Berkshire Hathaway Inc. said Monday that he can't predict how quickly the economy will improve. Economists say the recession began in December 2007. Buffett, interviewed on ABC's "Good Morning America," said his worst business decision in 2008 was investing in ConocoPhillips when the price of oil was high. His best investment was Geico. Buffett addressed his shareholders this past weekend and defended the steps he took to help the company navigate the "financial hurricane." Berkshire reported a 2008 profit of $4.99 billion, or $3,224 per Class A share. That was down 62 percent from the previous year, but better than many companies. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: World Mexico to allow most business to reopenAP - 1 hour 37 minutes ago AP Analysis: Empty neighborhoods fill Rust BeltAP - 1 hour 38 minutes ago Spanish judge to probe deadly Israeli raid on GazaAFP - 1 hour 45 minutes ago Iraq: No extension of US pullback date from citiesAP - 1 hour 45 minutes ago Gunmen abduct 3-year-old boy from SoCal homeAP - 1 hour 47 minutes ago Most Popular – World Viewed GM could follow Chrysler into bankruptcy: analysts Swine flu in decline: Mexico Kenyan women to sex-starve men -- for politics Citigroup may need $10 bln more: report Father rejects Madonna's adoption bid: report View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Monday, 4 May 2009
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