Amazon shares jump on Buffett investment

NEW YORK: Amazon shares jumped early on Friday after Warren Buffett revealed his Berkshire Hathaway had bought shares of the online retailer and technology juggernaut.

Buffett hired investment managers Todd Combs and Ted Weschler in 2010 and 2012 to manage stock portfolios of more than US$13 billion for Berkshire. Berkshire also has subsidiaries in a broad range of sectors, including insurance, freight rail transportation and electric utilities.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

fmtoday /  🏆 5. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

RM3 billion investment grant for SRC Int’l not 'harebrained' scheme, says defence | The Malaysian InsightRM3 billion investment grant for SRC Int’l not 'harebrained' scheme, says defence
Read more »