Posted AT 3:09 PM EST on 01/10/08
Buffett invests $3-billion in GE
FAIRFIELD, Conn. — — Warren Buffett's Berkshire Hathaway Inc. is investing $3-billion (U.S.) in General Electric Co., a huge vote of confidence for an iconic American company battered by the credit crisis.
It's the second time in as many weeks that Berkshire Hathaway has moved to shore up a company long associated with ironclad financial health.
The full text of this article has 322 words.
To continue reading this article, you will need to purchase this article.
Already have a member account? Login now
Pay-Per-View Offers To read the complete article, select one of the following options
Purchasing from globeandmail.com is quick and secure.
| Market | Change | Value |
|---|---|---|
| Data delayed 15 minutes | ||
| S&P/TSX | -269.46 | 8,566.27 |
| DJIA | -174.59 | 8,250.16 |
| S&P 500 | -24.10 | 835.02 |
| Nasdaq | -50.96 | 1,432.31 |
| Stock Profile | Sponsored by: |
|---|---|
 |
Video:
|
Technology 
- Finding the perfect gadget
- Need a present for mom, dad, son, daughter, friend, colleague?
MOST POPULAR
Most Popular
| Rank | Headline |
|---|---|
| 1. | Carney signals further interest rate cuts 10:12 AM
|
| 2. | GM Canada beset by pension crisis 1:00 AM
|
| 3. | McGuinty sees smaller auto industry despite aid 11:21 AM
|
| 4. | How David Dodge would fix the financial system 9:21 AM
|
| 5. | Toyota shuts North American plants for two days 12:04 PM
|
| 6. | China wary of unrest as economy slows 7:40 AM
|
| 7. | At Harvard, it's business as usual 1:01 AM
|
| 8. | Gold jumps to one-week high 10:32 AM
|
| 9. | Scotiabank hit with heavy charge in quarter 18/11/08 7:51 PM
|
| 10. | U.S. consumer prices drop 1 per cent 8:52 AM
|
The Law Page
- Bay Street under the gun
- Disclosure ruling in class actions has created 'real fear out there'
Globe Investor Magazine
- Centre of the storm
- The 10 most powerful people in the investment industry
Forbes.com
- Your investing personality
- Knowing your good and bad tendencies and making allowances for them can make you a better investor
Restaurant Diary
- It's always something at Joey Fiasco's
- Life on the front lines of an appropriately-named new business
ROB Magazine
- You picked a fine time to leave, Chuck
- Why we'll miss RBC Capital Markets' Chuck Winograd
Adhocracy
- Read My Lips: Xbox 360
- Plus: Motrin Moms 2
The Breakthrough
- Turning hair care into a piece of Cake
- An original idea, a big risk, and thoughtful development helped a Toronto entrepreneur expand her beauty company into a sweet-smelling success
Incubator Feature
- Slow and steady growth should pay off for spud distillery
- A small PEI vodka distillery seeks to expand their customer base, and add whisky to the product mix. A highly regulated marketplace is proving to be a challenge
BARRIE McKENNAAuto execs plea for lifeline to stave off total collapse
JOHN HEINZLBehold the magic moving average: It's not perfect, but it's close
FABRICE TAYLORThe way it's going for Nortel, maybe it's time to turn out the lights