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Warren Buffett Increases Stake in Well Fargo
What's Happening with WFC:
Warren Buffett's Berkshire Hathaway picked up another 11.5 million shares of Wells Fargo in the third quarter, the company told the Securities and Exchange Commission, increasing its holdings to over 422.5 million shares of the bank. Buffett, who has long been Wells Fargo's largest shareholder, says he likes the bank's dependence on customer deposits as a low-cost funding source. Berkshire's stake in Wells dates back to the early 1990s when commercial real estate woes placed the San Francisco bank's shares under severe pressure. But Buffett was also an early believer in Wells Fargo's ability to turn its 2008 merger with troubled Wachovia into a big win.

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Starbucks Expanding Tea Selection
What's Happening with SBUX:
Starbucks said last week it will acquire Teavana Holdings for around $620 million. Teavana sells high-end loose leaf teas in 300 shopping mall locations. The plan is to expand Teavana's footprint beyond the mall with stand-alone shops, adding tea bars with specialty drinks. Starbucks already owns the Tazo tea brand, which it purchased in 1999. And the company announced plans earlier this year to open its first Tazo tea shop where customers can buy specialty drinks and blend loose leaf teas with the help of employees, a model the company envisioning for Teavana. A move into the consumer packaged goods category is also expected for Teavana.

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Agilent Technologies Reveals Fourth Quarter Earnings Monday
What's Happening with A:
Agilent Technologies is expected to release its latest earnings report on Monday after the market close. Analysts are looking for Agilent to come in with earnings of 80 cents per share, 4.8% less than a year ago when it reported earnings of 84 cents per share. The consensus estimate has fallen over the past three months from 93 cents. Revenue is expected to be $1.76 billion for the quarter, a small increase from the year earlier total of $1.73 billion. Analysts will be looking for earnings for the year to come in at $3.06 per share on revenue of $6.85 billion.

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BP to Pay Record Fine
What's Happening with BP:
BP said it will plead guilty to 11 felony counts of "misconduct or neglect of ships officers" relating to the deaths aboard the Deepwater Horizon drilling rig, and to one felony count of obstruction of Congress stemming from information it gave about the rate that oil was leaking from the well. The company also agreed to pay $4.5 billion in penalties, including $1.26 billion in criminal fines, stemming from the disaster that killed 11 workers in 2010 and unleashed the worst offshore oil spill in U.S. history. The company previously took a $38.1 billion charge for what it estimated was the maximum cost it would face related to the accident, but with the settlement it will increase that by $3.85 billion. BP has raised about $35 billion so far from asset sales and other actions, including the recent $2.5 billion sale of its Texas City, Texas, refinery.

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Salesforce.com Third Quarter Earnings Come Out Tuesday
What's Happening with CRM:
Salesforce.com will unveil its latest earnings on Tuesday after the market close. The average analyst estimate is for earnings of 32 cents per share, a small drop from net income of 34 cents in the year-ago quarter. During the past three months, the average estimate has moved down from earnings of 34 cents. Between one and three months ago, the average estimate moved down and it has been unchanged at earnings of 32 cents during the last two months. Analysts are looking for an increase of 32.9% in revenue from the year-earlier quarter to $776.5 million. For the year, analysts are projecting earnings of $1.51 per share, an increase of 11% from last year. Revenue for the current year is expected to show a 33.8% increase to $3.03 billion.

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