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BUFFETT NEWSPAPERS

Warren Buffett, chairman of Berkshire Hathaway Inc., right, and Bill Gates, chairman and co-founder of Microsoft Corp., participate in a newspaper toss event at the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, U.S., on Saturday, May 5, 2012. Berkshire Hathaway's first-quarter profit doubled as insurance units and derivative bets posted better results, the company said yesterday as it prepares for Chairman Warren Buffett's annual meeting.