BREAKING NEWS: Berkshire Hathaway Investing $5 Billion in Bank of America

Bank of America said Thursday that Warren Buffett's Berkshire Hathaway will invest $5 billion in the beleaguered bank through 50,000 preferred shares valued at $100,000 each and warrants to buy 700 million common shares. Shares of BofA are up 15% on the news in pre-market trading.

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