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U.S. crowds pick up slightly on Black Friday, online sales jump

U.S. online sales surged on Black Friday, with Amazon.com Inc offering the steepest discounts among e-commerce sites as it set the agenda for what has traditionally been the biggest shopping day of the year for brick-and-mortar retailers. In-store shopping began to pick up in the afternoon, but the increase in customer traffic paled in comparison to the jump in online sales, analysts said. The National Retail Federation has said it expects total…

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U.S. crowds pick up slightly on Black Friday, online sales jump

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Berkshire profit up 25 percent as insurance helps, BNSF weighs

By Jonathan Stempel (Reuters) – Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest acquisition. But operating results fell short of analyst forecasts, as depressed oil prices and coal demand weighed on volume at the conglomerate's BNSF railroad unit, while units

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Berkshire profit up 25 percent as insurance helps, BNSF weighs