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NEW YORK (Reuters) - Warren Buffett said on Saturday the board of directors of Berkshire Hathaway (BRKa.N: Quote, Profile, Research) (BRKb.N: Quote, Profile, Research) has chosen his eventual successor. The insurance and investment company also said quarterly profit surged 54 percent, helped by a gain from its stake in Gillette, which was bought by Procter & Gamble (PG.N: Quote, Profile, Resear ...

The Nikkei ended down 1.6% Friday, pressuring indexes regionwide, after Japanese consumer-price data surprised on the upside and raised speculation of a rate tightening, possibly as soon as next week. Expectations the Bank of Japan will move to tighten monetary policy received the jolt after the data showed the biggest gains to consumer prices in more than seven years. The core nationwide CP ...

SAN FRANCISCO (Dow Jones) -- Intel's announcement Friday that it's cutting its first-quarter sales estimates has renewed debate over the computer chip giant's ability to fend off competition from perennial rival AMD. After years of disappointing stock performance, and a sales miss as recently as January 18, yet another miscue has some analysts and shareholders pondering whether to stick by the  ...

By Franklin Paul NEW YORK (Reuters) - Intel Corp. (INTC.O: Quote, Profile, Research) cut its revenue forecast on Friday amid weaker-than-expected demand and a loss of market share to rival chip maker Advanced Micro Devices Inc. (AMD.N: Quote, Profile, Research) . AMD, a much smaller company that has traditionally trailed Intel, has recently pressured the chip giant with technological gains that have given it an edge in performance and power use, especially in the market for servers that run b ...

By Franklin Paul NEW YORK (Reuters) - TiVo Inc. (TIVO.O: Quote, Profile, Research) Chief Executive Tom Rogers hopes his biggest rivals in the television set-top box market -- U.S. cable television providers -- may soon be eager customers, but analysts are not so sure. Rogers told the Reuters Global Technology, Media and Telecoms Summit in New York this week that he hopes cable operators will be "hugely successful" in distributing generic digital video recorders, or DVRs. In many  ...

By Nathan Layne HONG KONG (Reuters) - Perhaps the biggest threat to Apple Computer Inc.'s (AAPL.O: Quote, Profile, Research) iPod and the portable music player industry is a device already nestling in a billion pockets: the mobile phone. Sales of cellphones that can store and play back music are climbing, raising hopes among handset producers like Sony Ericsson (6758.T: Quote, Profile, Research) (ERICb.ST: Quote, Profile, Research) and Motorola Inc. (MOT.N: Quote, Profile, Researc ...

Technology stocks completed and up-and-down trading session in the red Friday after Intel Corp. lowered its first-quarter revenue forecast range. Before the market opened, Intel (INTC) cut its sales outlook to between $8.7 billion and $9.1 billion from a previous forecast of $9.1 billion to $9.7 billion. The world's No. 1 chipmaker blamed the cut on weaker-than-expected demand and a slight mark ...

U.S. stocks gave up gains to close lower Friday, with the Dow Jones Industrial Average and S&P 500 also ending lower for the week, after an uneven session that featured a revenue warning from Intel and positive data from the services sector. The Dow Jones Industrial Average (DJI) fell 3.92 points to close at 11,021.59 and lost 0.4% for the week. The Nasdaq Composite Index (RIXF) dropped  ...

SAN FRANCISCO (Dow Jones) -- Automotive supplier Dana Corp., whose shares have lost more than half their value during the past two sessions, threw its U.S. operations into voluntary Chapter 11 bankruptcy protection Friday, conceding that they were no longer able to meet financial commitments. The announcement comes shortly after the company said that it had missed some $21 million in debt payme ...

NEW YORK (Dow Jones) -- The Royal Bank of Canada said Friday its first-quarter net income rose 20% and it boosted its dividend 6% amid good performance in both personal and business operations. The company (RY) said the earnings were a quarterly record. Net income rose to C$1.17 billion, or C$1.78 a share, up from C$979 million, or C$1.50 a year ago. The company said its credit-loss provi ...