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Top 4 Business Stories of the Day

Many suspected that Netflix's bandwidth deal with Comcast won't be an isolated event, and it turns out that those suspicions are well-founded. Verizon chief Lowell McAdam tells CNBC that he expects a Comcast-like internet peering agreement at some stage, and that the telecom has been talking to Netflix for roughly a year about just such a thing. Shopping delivery service Deliv has raised close to $5 million in a round of fundraising from major shopping mall operators, including Westfield, Simon, Macerich and General Growth Properties, and original backers Upfront Ventures and RPM Ventures. To use the service, mall customers can drop their shopping bags off at kiosks and have them delivered at a certain time. Customers are free to continue shopping unencumbered. The Silicon Valley-based Deliv charges retailers $5 per address, on average, for an unlimited number of packages. Deliv also works with some mall stores to deliver products that consumers order online, to homes and hotels. The S&P 500 fell just short of an all-time closing high, but still ended higher following another batch of corporate merger news. RF Micro Devices jumped 21 percent after the chipmaker said it was purchasing with TriQuint Semiconductor. The S&P index rose 11 points, or 0.6 percent, to close at 1,847.61, barely missing its record high close of 1,848.38 it hit in Jan. Berkshire Hathaway chairman Warren Buffett, known for his folksy straightforward communication style, turned to farming to recommend his winning strategy for investors to follow. He had bought the farm because he could weigh how much the property would yield in corn and soybeans against its operating costs - and not to speculate on the value of the land or to sell it as soon as prices rose. "Now, 28 years later, the farm has tripled its earnings and is worth five times or more what I paid," Buffett wrote in his annual letter to shareholders, adding that he has visited the property only twice.

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