4 Financial Stock Stories to Close Out the Trading Week

Berkshire Hathaway Inc. (NYSE:BRKB): Current price $112.29

HomeServices of America Inc., the real estate brokerage that is owned by Warren Buffett’s Berkshire Hathaway Inc., has added nine broker affiliates in seven states, as it endeavors to benefit from the domestic housing rebound. A statement released Friday indicated that Berkshire Hathaway signed affiliate agreements with two brokerages apiece in Texas and California, and it also added brokerages in New York, Delaware, Georgia, Florida, and Tennessee. HomeServices, as the number-two residential broker in the United States, has extended its reach with purchases in Pennsylvania, Missouri, Oregon, and Washington.

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JPMorgan Chase & Co. (NYSE:JPM): Current price $52.64

In an internal memo to a number of colleges, JPMorgan announced that it is now closing its student loan business. Effective October 12, the firm will no longer accept new student loan applications, having already limited its student loans to Chase customers since the past year. Additionally, JPMorgan will make final loan disbursements prior to Mar 15, 2014.

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Kohlberg Kravis Roberts & Co. (NYSE:KKR): Current price $19.60

Knowledgeable sources report that KKR is poised to gain preferential negotiating rights for a majority interest in Panasonic Corp’s healthcare division, making for a potential $1.5-billion deal that would represent the firm’s largest investment in a Japanese entity.

Any deal would be consistent with KKR’s plans to invest further in Japan after raising a $6 billion Asia fund, which was the largest ever in Asia for a private equity firm. Those sources had placed a value on the sale of shares in the business, which produces blood sugar monitoring equipment and electronic medical record-keeping systems, at roughly $1.5 billion.

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MetLife, Inc. (NYSE:MET): Current price $48.25

Highwoods Properties Inc. has reached a build-to-suit arrangement with MetLife for construction of offices for the latter’s global tech and operations center in the mixed-use Weston planned unit development in Cary, North Carolina, near Raleigh. Weston covers 1,000 acres, and is located in the Research Triangle, which houses a number of high-tech firms. The deal will reinforce Highwoods’ cash flow position and its connections with MetLife.

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Don’t Miss: Did Uncle Sam Drive JPMorgan Out of the Student Loans Business?

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