berkshire hathaway

Berkshire Hathaway Inc. has completed the purchase of Berkshire chairman Warren Buffett's hometown newspaper, the Omaha World-Herald.

Warren Buffett's Berkshire Hathaway said Wednesday that it is buying the Omaha World-Herald Co. and expanding the firm's newspaper holdings despite Buffett's misgivings about the industry.

Below is a recap of the top news items from this week on Wall Street: 1. Things appears to be improving in the European financial crisis.

Germany and a number of other approved expansion of the EFSF program. Rumors earlier in the week that Europe is considering levering up the EFSF and creating an investment bank that would issue and buy sovereign debt are also adding to optimism. 2.

Shares of Berkshire Hathaway (NYSE: BRK-B) rose 11 percent following news the Board has authorized a buyback of Class A and B Shares at prices no higher than a 10 percent premium over

Here is a recap of the top news items from this week on Wall Street: 1. Warren Buffett shocked the Street Thursday with a extremely timely investment in non other than Bank of America (NYSE: BAC).

The Oracle reached an agreement to invest $5 billion in the bank in exchange for 50,000 shares of Cumulative Perpetual Preferred Stock with a liquidation value of $100,000 per share to Buffett's Berkshire Hathaway.

Shares of BofA initially surged more than 20 percent just following the news, however closed the session up just 9.4 percent. 2.

On Thursday, Berkshire Hathaway, run by Mr. Buffett, announced plans to invest $5 billion in Bank of America, a vote of confidence for the beleaguered financial firm.

Gainers

• Financial Select Sector SPDR (NYSE: XLF) up 0.87 percent to $12.81. Led by Bank of America (NYSE: BAC) today, which received a $5 billion infusion from Buffett's Berkshire Hathaway (NYSE: BRK-A).
  
  BofA is up 13 percent on Thursdays session.
• United States Natural Gas (NYSE: UNG) up 1.43 percent to $9.92.

So, what does he know? But look for it during series with Hawks Rose as MVP? Teammate tweets congratulations Signs have been pointing to Bulls guard Derrick Rose supplanting Wes Unseld as the youngest most valuable player in league history for weeks.

Berkshire Hathaway said that David L. Sokol had violated standards of ethics in his purchases of shares of Lubrizol.

David Sokol’s abrupt resignation last month from Berkshire Hathaway will surely be a top topic at the company’s annual meeting.