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Buffett: Economy showing signs of big improvement


Buffett: Berkshire Hathaway's businesses improve in March, suggests improving economy

Companies:Berkshire Hathaway Inc.


FILE - In this Feb. 22, 2010 file photo, Berkshire Hathaway Chairman and CEO Warren Buffett is interviewed in New York. The throng of people attending Berkshire Hathaway's annual meeting on Saturday, May 1, 2010, will surely grow again this year in the wake of the company's first stock split and its acquisition of the nation's second-largest railroad.(AP Photo/Seth Wenig, file)

On Friday April 30, 2010, 12:58 am EDT



OMAHA, Neb. (AP) -- Billionaire Warren Buffett says the economy is finally starting to show signs of significant improvement.

Berkshire Hathaway's CEO told the Fox Business Network on Thursday that reports from his company's roughly 80 subsidiaries showed a "big upswing starting in March."

Buffett says any improvement before last month had been slow, but March brought a real change, especially in the U.S. and Asia.

The interview is scheduled to air Friday. A transcript was provided to The Associated Press.

Buffett is expected to take questions during his company's annual meeting Saturday in Omaha. About 40,000 people are expected to attend.

Berkshire owns clothing, insurance, railroad, furniture, jewelry, small tool and utility businesses.

Berkshire Hathaway Inc.: http://www.berkshirehathaway.com