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October 2, 2008

Buffett dives into GE amid "economic Pearl Harbor"

Filed under: Bridging Finance — Phill Taylor @ 11:11 pm

Warren Buffett’s $3 billion (1.69 billion pound) commitment to General Electric Co is the latest attempt by perhaps the world’s most revered investor to dive into a beaten-down company he believes has staying power, despite a global credit crisis he calls an “economic Pearl Harbour.”

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