The day ahead: Friday

November 5, 2009

Employers likely cut payrolls by the least amount in 14 months in October, as the economy’s revival boosted optimism, but the jobless rate is seen touching a fresh 26-year high.

Other highlights:

* Three days after unveiling its $26 billion buyout of Burlington Northern Santa Fe, Warren Buffett’s Berkshire Hathaway reports results.

* AIG, the bailed out insurer, is expected to post its second-straight quarterly profit, helped once more by improvement in asset values.

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