Buffett Buys Big Slice of Apple

Billionaire investor Warren Buffett appears to be giving the slumping Apple stock a vote of confidence. The company he runs, Berkshire Hathaway, bought just over 9.8 million shares in the tech giant, according to regulatory papers released Monday. The average price paid was $109 a share. Apple shares are down 14 percent so far this year, and Buffett himself has already taken a loss on the purchase as shares are currently valued at just over $90. The shares did get a 2 percent...

© La Voix de l'Amérique - lundi 16 mai 2016