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Inside the Final Days of LendingClub CEO Renaud Laplanche
Inside the Final Days of LendingClub CEO Renaud Laplanche
SEC, Treasury Push for Centralized Reporting of Treasurys Trades
SEC, Treasury Push for Centralized Reporting of Treasurys Trades
Sugar Industry Headed for a Shake-Up
Sugar Industry Headed for a Shake-Up
Oil’s Strength Boosts Global Stocks
Oil’s Strength Boosts Global Stocks
Buffett’s Berkshire Hathaway Takes $1 Billion Stake in Apple
Buffett’s Berkshire Hathaway Takes $1 Billion Stake in Apple
New From Credit Suisse: Bonds for Self-Inflicted Catastrophes
New From Credit Suisse: Bonds for Self-Inflicted Catastrophes
China Challenged to Keep Yuan Stable as Dollar Rises
China Challenged to Keep Yuan Stable as Dollar Rises
Oil Companies Are Still Paying Their CEOs to Pump
Oil Companies Are Still Paying Their CEOs to Pump
Chinese Bank to Buy Giant London Gold Vault
Chinese Bank to Buy Giant London Gold Vault
Bridgewater Approved to Set Up Shanghai Unit
Bridgewater Approved to Set Up Shanghai Unit
Biotech M&A: Pfizer Bets on Growth
Heard on the Street
Biotech M&A: Pfizer Bets on Growth
The Real Fear Is When We All Fear Alike
Streetwise
The Real Fear Is When We All Fear Alike
U.K.’s CMA Seeks to Boost Competition Between Banks
U.K.’s CMA Seeks to Boost Competition Between Banks
TJX’s Success Breeds Imitators and Challenges
Ahead of the Tape
TJX’s Success Breeds Imitators and Challenges

Warren Buffett’s Berkshire Hathaway Takes $1 Billion Position in Apple

The legendary investor, who previously avoided technology stocks, also slightly increases his stake in IBM

By

Warren Buffett’s Berkshire Hathaway Inc. disclosed Monday that it had made a $1 billion bet on Apple Inc. stock earlier this year, boosting the iPhone maker’s market value by more than $18 billion.

But to the cottage industry that fervently follows the world’s most famous investor, it just didn’t seem like a move Mr. Buffett would make.

...

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