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Warren Buffett, chairman and chief executive of conglomerate Berkshire Hathaway, said Monday he would be more likely to buy than to sell IBM shares over the next two years, and that he did not seek to profit from global central bank actions. Buffett, whose Berkshire held an 8.59 percent stake in IBM as of the end of last year and who has caught some flak for his stake, said that his cost basis in IBM was $170 a share and that he had still never sold a share. Buffett also said he did not seek to profit from global central bank monetary policies, but that low and negative interest rates could produce an unanticipated reaction.
STOCKHOLM (AP) — Swedish rescue workers say that an apartment building fire has forced the evacuation of more than 150 people as the blaze raged on the top floor, spreading from end to end along the 60-meter (200-foot) long building.