Warren Buffett Buys Into GM In A Big Way

DETROIT (WWJ) – Warren Buffett believes in General Motors. The billionaire investor’s company, Berkshire Hathaway, is buying ten million GM shares as it continues to tweak its $75 billion portfolio.

The revelation coming in a filing with the Securities and Exchange Commission.

Berkshire Hathaway also boosted its stake in Wal-Mart and DirecTV, while reducing holdings in Kraft Foods, Intel and Proctor and Gamble.

Comments

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Detroit

Best 4th Of July Concerts In Metro DetroitStaying home this weekend? Celebrate the 4th of July by rocking out at one of these shows.
Hump Day Drinks: 8 Cheery Cocktail RecipesNow that you've made it through half the work week, it's time to celebrate!

Watch & Listen