(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. disclosed its third disposal of Bank of America Corp. shares this month — paring its massive...
-- Warren Buffett ’s Berkshire Hathaway Inc . disclosed its third disposal of Bank of America Corp. shares this month — paring its massive, profitable bet on the lender by a total of more than $3 billion.The conglomerate, which started building an investment in the bank in 2011 and has long reigned as the top shareholder, sold $767 million of the stock from July 25 to July 29, according to a regulatory filing Monday. That and prior sales this month reduced Berkshire’s by a total of 6.9%.
Representatives for Berkshire and Bank of America didn’t respond to messages seeking comment outside normal business hours. Buffett has said he was in the bathtub when he came up with the idea of intervening, arranging to acquire preferred stock and the right to buy common shares. His imprimatur quelled public doubts and soon sent the stock higher, creating a massive paper profit.
A Zoom call inspired by Black Women for Harris raised more than $3m. But can Harris crack enough white support?PARIS -The men's triathlon at the Paris Olympics will not go ahead as planned on Tuesday as pollution levels in the Seine remain too high, World Triathlon said in a statement. The decision is a blow to organisers who previously said they were confident water quality would improve in time for the race after heavy rains last weekend dirtied the river.
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