The U.S. Treasury has blocked Fannie Mae's proposed sale of nearly $3 billion in low-income housing tax credits to Goldman Sachs and Berkshire Hathaway after concluding that the deal would lose too much money for taxpayers.

Berkshire Hathaway's third-quarter earnings tripled as the company posted a revenue increase and benefited from rising stock markets. The company posted a quarterly profit of $3.24 billion compared with $1.06 billion a year earlier.

State regulators have shut down United Security Bank, a small bank in Georgia, bringing the number of bank failures this year to 116.

Deutsche Börse made a bid to acquire a majority stake in the Warsaw Stock Exchange, the German exchange operator's head of Eastern European business development said in an interview.

The French Luxury company said it now expects sales to grow this year, after a recent pick-up in demand and a boost from the stronger dollar and yen pushed revenue up 10%