Warren Buffett is teaming up with another big investor in the $28 billion deal. Berkshire Hathaway has been looking for places to invest, with other recent deals involving consumer icons Coca-Cola and Mars.
And our last word in business today is Happy Birthday.
Turns out when you're a billionaire investor you can celebrate any way you want. Warren Buffett turned 82 yesterday and his wish was to give away billions, so he did, in the form of millions of dollars worth of his company stock. All told, those shares will eventually be worth about $3 billion. That gift was divided between his three children's charitable foundations.
NPR's business news starts with a sign of confidence in the U.S. auto industry.
(SOUNDBITE OF MUSIC)
INSKEEP: Berkshire Hathaway has bought 10 million shares of General Motors. The company owned by the billionaire investor Warren Buffett spent just over $200 million for that stake in GM. It is the first time Berkshire has invested in an American automaker.