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Buffett finds GE in bargain basement

Posted October 1st, 2008 by moneyman
 
Read the full article: http://dailybriefing.blogs.fortune.cnn.com/2008/10/01/buffet...
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Warren Buffett can’t pass up a blue-chip bargain. The billionaire investor and CEO of Berkshire Hathaway (BRKA) has come to the rescue of another embattled U.S. firm, with Wednesday’s announcement that Berkshire will buy $3 billion worth of preferred stock in General Electric (GE).

Vested Interest: 
BRK-B
Stock Symbol: GE GEN ELECTRIC CO Stock Price: $14.03 Todays Change: +1.19 (+9.27%)

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