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Wednesday, December 23, 2009

Buffett Sells Moody Shares for Sixth Time Since July

Dec. 23 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. cut its stake in Moody’s Corp. for the sixth time since July after the ratings company was hit by profit declines, lawsuits and criticism from regulators. Berkshire remains Moody’s biggest shareholder, according to a regulatory filing yesterday. Bloomberg's Erik Schatzker reports. (Source: Bloomberg)

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