f it is looks like a hedge fund and acts like a hedge fund, it must be a hedge fund. And so Warren Buffett has gone about debunking a long-cherished story on the birth of hedge funds, prompted by an article in Financial History magazine.

Sirius Satellite Radio Inc. continued to add subscribers at a rapid clip in the latest quarter, gaining ground on its rival XM Satellite Radio Holdings Inc.

Daniel Bouton, chairman of Societe Generale, one of five banks that have taken a stake of more than 10% in pan-European exchange Euronext, has said he favors a merger offer from New York�s Big Board over that of Deutsche Boerse � as long as it is not subject to American securities regulations.