|JOSH FUNK, AP Business Writer|
Buffett's comments during an interview Thursday on the cable TV network
Buffett said the U.S. economy has not turned negative, but business in
"The general economy has been pretty much flat," said Buffett, who was attending the annual conference hosted by investment banker
Buffett said he's not sure why the overall economy has been slowing.
Buffett also repeated his confidence in
Buffett was also asked about recent troubles at the British bank
Buffett said he understood why
"I don't think he had any choice but to go," Buffett said.
Berkshire owns roughly 80 subsidiaries, including railroad, clothing, furniture and jewelry firms, but its insurance and utility businesses typically account for more than half of the company's net income. It also has major investments in such companies as
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