Buffett's Berkshire Hathaway Bets Big On GM, Unloads Kraft

Law360, New York (August 15, 2013, 5:08 PM EDT) -- Warren Buffett's Berkshire Hathaway Inc. gave a major boost to its General Motors Co. stake in the second quarter, a showpiece investment in a Thursday securities filing that included several other significant stock moves for the Nebraska firm.

Berkshire ramped up its General Motors holding to 40 million shares as of June 30, the filing showed, up 60 percent from the interest the company had previously reported for the quarter that ended March 31. Based on the automaker's going rate, the stake is worth roughly $1.4...
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