Thursday, August 25, 2011

BREAKING NEWS: Berkshire Hathaway Investing $5 Billion in Bank of America

Bank of America said Thursday that Warren Buffett's Berkshire Hathaway will invest $5 billion in the beleaguered bank through 50,000 preferred shares valued at $100,000 each and warrants to buy 700 million common shares. Shares of BofA are up 15% on the news in pre-market trading. More headlines from FoxBusiness.com:http://email.foxnews.com/t?ctl=132EE:7469D46E31DAE9CADE16800493F4FCC5&-----------