Reuters Deals Today: Warren Buffett's Berkshire Hathaway will invest $5 billion in Bank of America,
Warren Buffett's Berkshire Hathaway will invest $5 billion in Bank of America , stepping in to shore up the company in the same way he helped prop up Goldman Sachs during the financial crisis.
Bank of America shares rose 20 percent in pre-market trading on the
news. Shares for the largest U.S. bank by assets have lost roughly a
third of their value in August, and half their value since the beginning
of the year. The news of Steve Jobs's resignation had many of his peers weighing in on the Apple co-founder's legacy .
Former Google CEO Eric Schmidt said Jobs is the "most successful CEO in
the U.S. of the last 25 years," while former eBay CEO Meg Whitman said
his contributions are "unparalleled in the business world." Samsung Electronics Co reiterated on Thursday it is not interested in buying Hewlett-Packard Co's PC business , shooting down persistent market talk the South Korean firm may snap up the unit to become the world'