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This is the official page for Bloomberg News headlines. Stay up-to-date on the top global business news of the day. Also follow us on Twitter at http://twitter.com/bloombergnews and read our blog at http://inside.bloomberg.com/.
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- Bloomberg's Rankings Team calculated the cost of being a casual Ohio State Buckeyes fan vs. the expenses a more devoted fan of the team might incur. The costs tallied in this slideshow assume that you, your spouse..…
- European Central Bank policy makers are likely to next week debate restarting their covered-bond purchases along with further measures to ease monetary conditions, a euro-region central bank official said.
- Gold slid below $1,600 an ounce and headed for the biggest two-day slump in a month, while silver erased its gains this year, as some investors sold the metals to cover losses in other assets. Bullion futures dropped more than margin requirements for a second consecutive day.
- Warren Buffett’s Berkshire Hathaway Inc. will repurchase shares for as much as 110 percent of their book value, saying the stock is undervalued after falling 17 percent this year. The shares jumped in New York trading.
- Apple Inc. is cutting orders to vendors in the supply chain for its iPad tablet computer, a move that may result in slower sales for companies including Hon Hai Precision Industry Co., JPMorgan Chase & Co. said in a report.
- Betting on Ben S. Bernanke has been the most profitable trade for government bond investors in 16 years, defying lawmakers in the U.S. and abroad who said the Federal Reserve chairman’s policies would lead to runaway inflation and the dollar’s debasement.
- China’s stock-index futures fell, signaling declines for the benchmark index, after the central bank governor said inflation remains the nation’s “top concern.”
- Oswald Gruebel, chief executive officer of UBS AG since February 2009, resigned his post at Switzerland’s largest bank after a $2.3 billion loss from unauthorized trading.
- Amazon.com Inc.’s next Kindle device, expected in the coming months, is poised to become the biggest threat to Apple Inc.’s iPad this holiday season.
- History’s first sovereign default came in the 4th century BC, committed by 10 Greek municipalities. There was one creditor: the temple of Delos, Apollo’s mythical birthplace.
- U.S. stock-index futures pared losses, signaling the market may stabilize following a four-day, 7.1 percent tumble in the Standard & Poor’s 500 Index.