{"id":8755,"date":"2008-10-02T00:00:00","date_gmt":"2008-10-02T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"ge-to-raise-15-billion-buffett-gets-preferred-stake","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/ge-to-raise-15-billion-buffett-gets-preferred-stake.html","title":{"rendered":"GE to raise $15 billion, Buffett gets preferred stake"},"content":{"rendered":"<p> <span class=\"yshortcuts\">Reuters &#8211; General Electric Co<\/span> plans to raise $15 billion through stock sales &#8212; including $3 billion from <span class=\"yshortcuts\">Warren Buffett<\/span> &#8212; to improve liquidity and give it the option of more acquisitions at a time of intense market turmoil, the U.S. conglomerate said on Wednesday.<\/p>\n<p> The news helped to erase some of the day&#8217;s slide in GE shares, which fell more than 9 percent earlier, but was not enough to push them into positive territory. Investors remained worried about the troubles at GE&#8217;s vast finance arm &#8212; which has businesses ranging from loans to mid-sized business to <span class=\"yshortcuts\">investing in real estate<\/span>.<\/p>\n<p> It was the second big strategic investment by <span class=\"yshortcuts\">Buffett&#8217;s Berkshire Hathaway Inc<\/span> in the battered finance sector in as many weeks. Last week Berkshire said it would invest $5 billion in <span class=\"yshortcuts\">Wall Street&#8217;s Goldman Sachs Group Inc<\/span>.<\/p>\n<p><strong><a target=\"_blank\" href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20081001\/bs_nm\/us_ge_shares\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; General Electric Co plans to raise $15 billion through stock sales &#8212; including $3 billion from Warren Buffett &#8212; to improve liquidity and give it the option of more acquisitions at a time of intense market turmoil, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1604,1162,1164,2977,1133,1538,926,925,117,147,416,2976,101,770,2289,737,436],"class_list":["post-8755","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-bain-capital-llc","tag-bonus","tag-doublemint-gum","tag-electronic-arts-inc","tag-fellow-shareholders","tag-frm","tag-goldman-sachs-group","tag-goldman-sachs-group-inc","tag-investment-arm","tag-journalism","tag-mutual-fund","tag-ne","tag-raanan-agus","tag-sophia","tag-speculations","tag-wilbur-ross","tag-winton-capital-management"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8755"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8755\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}