Recent News: Warren Buffet to invest in GE and GE Credit Risks

Berkshire Takes $3 Billion Stake in General Electric Following up on the firm's $5 billion investment in Goldman Sachs, Berkshire Hathaway Inc. will be taking a $3 billion stake in General Electric Co. in a similarly structured private offering. As in the Goldman deal, Berkshire (NYSE: BRK) will be entitled to a 10% dividend on the newly issued $3 billion of perpetual preferred shares, which are callable by GE

Warren Buffett invests in General Electric
General Electric Co. is stocking up on cash, and Warren Buffett will be making a big deposit. The world’s second-largest company says it will sell at least $12 billion in common stock in a secondary public offering. Separately, Buffett’s Berkshire Hathaway will buy $3 billion in preferred General Electric stock....

What Buffett May Be Missing at GE
General Electric plans to sell $3 bn in preferred stock to Warren Buffett’s Berkshire Hathaway and raise at least $12 bn more by selling stock to the public, at potentially $22.25 to $22.50 each. The preferred shares have a 10% dividend, and are...

Buffett to Invest $3 Billion in G.E.
Warren E. Buffett is again buying into the bluest of blue-chip companies — at a steep discount. This time, the famed investor is buying $3 billion in perpetual preferred stock from General Electric, the conglomerate seeking to allay concerns about its financial health amid the whipsawing markets....

GE to raise $15 billion, Buffett gets preferred stake
General Electric Co plans to raise $15 billion through stock sales -- including $3 billion from Warren Buffett -- to improve liquidity and give it the option of more acquisitions at a time of intense market turmoil, the U.S. conglomerate said on Wednesday...

GE to sell $12 billion of stock; Buffett to take stake
It is the second time in as many weeks that Buffett has been tapped by one of America's marquee companies for capital. Through his investment vehicle Berkshire Hathaway, Buffett is investing as much as $10 billion in Goldman Sachs Co. to help the venerable investment bank navigate its way through the global credit crunch....

GE Defends Health as Credit Risk Widens, Shares Fall
General Electric Co. said it has been able to sell corporate paper and fund operations without tapping bank lines, seeking to quash speculation that led to a surge in its credit default swaps and a slump in the stock. "We see no reason for the defaults widening,'' Fairfield, Connecticut-based GE said in a statement today. "Despite current market disruptions, our CP funding has gone smoothly. We have over-funded every day, including today, with good demand for our paper in term maturities.''