Warren Buffett News: Apple Inc. (AAPL) Lessons, More American International Group, Inc. (AIG) Info, And BYD

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Berkshire’s Weschler, Combs pay tribute to ‘terrific town’ (Omaha)
Todd Combs could do his job from almost anywhere. Hired in 2010 as an investment manager to back up Warren Buffett at Berkshire Hathaway Inc. (NYSE:BRK.A), Combs brought his wife, April, to Omaha to see whether they should move from Connecticut. They made the move. Buffett said Omaha made a good impression on April. “When she saw it, she felt good about it, and she feels even better about it now.” Moving to Omaha brought “a very distinct improvement in the whole family’s life,” he said. For Combs, being in Omaha full time and working just down the hallway from Buffett gave him a chance to “learn by osmosis.” His thinking and reading time has zoomed. “Omaha is a perfect place to be able to do that. You can work in absolute isolation.”

ECB, Fed, Facebook, Buffett, Derby: Week Ahead April 29-May 4 (BusinessWeek)
The European Central Bank is likely to cut its benchmark rate in the coming week to keep the recovery it forecasts for later this year on track. The U.S. Federal Reserve will probably vote to continue its record bond- buying program. U.S. employment is likely to have jumped in April as companies looked beyond the impact of government budget cuts. Warren Buffett will answer questions from his shareholders at the annual meeting of Berkshire Hathaway Inc. (NYSE:BRK.A) in Omaha, Nebraska. Facebook Inc (NASDAQ:FB), General Motors Company (NYSE:GM), Deutsche Bank AG (NYSE:DB), BP plc (NYSE:BP) and Softbank Corp. will be among companies releasing results. At Churchill Downs, the 139th Kentucky Derby will be run, and racehorse Verrazano is the early favorite.

Warren Buffett’s faith in Israeli economy wins praise (Omaha)
Warren Buffett’s investment in an Israeli company helped make him one of 100 people having the most positive influence on Jews in 2013, according to Algemeiner, a Jewish-focused newspaper in New York City. Berkshire Hathaway Inc. (NYSE:BRK.A) paid $4 billion for Iscar Metalworking Co. of Israel in 2010, a commercial endorsement of a country that depends heavily on foreign investment, said Dovid Efune, editor in chief of the 40-year-old newspaper. “The Israeli economy is very important to Jewish well-being,” he said. “Having somebody like Warren Buffett making that sort of statement of faith in the Israeli economy is incredibly valuable. He’s a leader. Others follow.”

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