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With $38 billion cash, Warren Buffett looking for deals

NEW YORK (Reuters) – Warren Buffett is looking for acquisitions as an outlet to deploy his $38 billion cash pile, the legendary investor said in his annual letter to Berkshire Hathaway Inc shareholders on Saturday. Buffett gave an aggressive earnings forecast for Berkshire’s collection of businesses, said the company would…

US targets Afghan laundering network

WASHINGTON — The US government on Friday slapped sanctions on a high-profile Afghan money exchange house and its executives, accusing them of laundering cash for drug traffickers. The Kabul-based New Ansari Money Exchange as well as 15 related people and firms were accused of hiding “illicit narcotics proceeds” in billions…

Afghan President Karzai: Bush knew we were getting bags of cash from Iran

Afghan President Hamid Karzai admitted to CNN on Monday that he has received cash payments from Iran after a New York Times report fingered his chief of staff as carrying bags of money back from trips to Iran. Little noticed in his interview, however, is that he said that President…

O’Donnell admits using campaign cash to pay rent

Christine O’Donnell, the Republican candidate for Senate from Delaware, has admitted to using campaign funds to pay part of the rent on her townhouse, potentially a violation of campaign finance laws. The Associated Press reports: [O'Donnell] acknowledges using campaign money to pay part of the rent on her current town…

A real life Jason Bourne? Luxury apartment, AK-47s and counterfeit cash

Authorities came upon a startling and mysterious scene when they showed up at a luxury apartment in Los Angeles in April while investigating a call about a gas odor. The door was barricaded. A cache of loaded weapons, including an AK-47, sat next to a mosaic depicting the CIA seal.…

Report: Japan bribed countries ‘with cash, prostitutes’ to keep whaling

Japanese government agencies trying to loosen a 24-year-old moratorium on commercial whaling used cash and the offer of prostitutes to convince small countries to vote in favor of lifting the ban, a news report claims. The UK’s Sunday Times reports it has film of officials from various governments admitting that…

Brad Pitt, Angelina Jolie donate twice as much as Wal-Mart to Haiti

They may be the world’s largest corporation by revenue but they certainly aren’t the world’s largest corporation by donations. In fact, they aren’t even as big a donor as a couple: Brad Pitt and Angelina Jolie have together pledged to donate $1 million to support Haitian earthquake relief efforts. Wal-Mart…

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