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Buffett takes $3.7bn stake in Exxon

Warren Buffett

Warren Buffett's conglomerate Berkshire Hathaway owned a new stake of about 40 million shares in oil major Exxon Mobil as of the end of September, according to an SEC filing on Thursday.

Neuberger Berman plans to hire

For Hire

Neuberger Berman, the money manager that was part of Lehman Brothers until that firm failed, has more than doubled its assets in East Asia since March 2010 and plans to add staff in the region.