26 Aug '11, 2am

Warren Buffett said the idea to invest S$6.1 billion in Bank of America came while taking a bath and it was done in 24hrs

NEW YORK - Warren Buffett will invest US$5 billion (S$6.1 billion) in Bank of America, stepping in to shore up the largest United States bank in the same way he helped Goldman Sachs and General Electric during the financial crisis. Bank of America shares rose nearly 26 per cent at one point, but gave up most of those gains by early afternoon, closing 9.4 per cent higher at US$7.65. Trading was so heavy that, at one point midday Bank of America shares made up nearly 13 per cent of the composite volume for the entire stock market. Buffett and Bank of America said he made an unsolicited call to the bank on Wednesday morning offering to make an investment. Mr Buffett told CNBC the idea came to him while taking a bath and the deal was done in 24 hours. The deal entails Buffett's insurance company, Berkshire Hathaway buying US$5 billion of preferred shares and receiving warrants...

Full article: http://www.todayonline.com/Business/EDC110826-0000519/Buf...

Tweets

6 Reasons Why You Should Invest In Property

thefinance.sg 04 Sep '11, 7am

The first investment property one should acquire should always be your own home. Unless you are staying with your parents ...

Bank of America to sell shares in China's CCB

channelnewsasia.com 29 Aug '11, 2pm

NEW YORK - Troubled US financial giant Bank of America said Monday it will sell about half of its 10 percent stake in Chin...

My Bank holiday

My Bank holiday

stylesuzi.com 30 Aug '11, 1pm

This bank holiday weekend, me and a girlfriend took a trip to Paris. Both of us have already been several times but it was...

Guest Post: The $200 Billion Energy Question: T...

greentechmedia.com 25 Aug '11, 6pm

The U.S. stands at an energy crossroads. With or without new direction from policymakers, huge sums will be invested in th...

フォルクスワーゲンは1.4ビリオンダラー 風力発電に投資することを決定。これからは電気自動車だから自分たちの電源を、ということらしい。いかがでしょうか、日本の自動車産業も。http://t.co/rSeyydO

フォルクスワーゲンは1.4ビリオンダラー 風力発電に投資することを決定。これからは電気自動車だ...

green.autoblog.com 29 Aug '11, 5am

Volkswagen is getting ready to open its pocketbook in a thunderous way. Financial Times Deutschland reports that VW will t...

How would you spend $7 billion?

mnn.com 31 Aug '11, 9am

What a contrast with the proposed Keystone XL pipeline! This proposed $7-8 billion project, expected to hit President Obam...