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August 15, 2007
Buffett Buying Dow Jones and Bank of America
From Bloomberg:
Berkshire Hathaway Inc., the investment firm run by Warren Buffett, bought stakes in Dow Jones & Co. and Bank of America Corp. and more than quadrupled its holdings of health insurers UnitedHealth Group and WellPoint Inc.
Berkshire hadn't previously disclosed the stakes in Dow Jones, owner of the Wall Street Journal, and Bank of America, the second-largest U.S. bank, though it's unclear when the company acquired the positions. As of June 30, Berkshire held 2.78 million shares of Dow Jones and 8.7 million shares of Bank of America, the Omaha, Nebraska-based firm said in a filing with the U.S. Securities and Exchange Commission today.
Posted by edelfenbein at August 15, 2007 8:53 AM
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