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Warren Buffett to headline Obama campaign event

(Reuters) – Billionaire investor Warren Buffett will help raise money for President Barack Obama’s re-election effort at a $35,800-a-ticket fundraiser next month in Chicago, an Obama campaign official said on Wednesday. Buffett will attend the October 27 event at a private home on Chicago’s North Shore that is expected to…

Warren Buffett to invest $5 bn in Bank of America

NEW YORK — Billionaire Warren Buffett’s Berkshire Hathaway will buy $5 billion in preferred shares of beleaguered US banking giant Bank of America, the bank said on Thursday. “Bank of America Corporation announced today that it reached an agreement to sell 50,000 shares of Cumulative Perpetual Preferred Stock with a…