 "Buffett bets big on power with $9-billion Oncor deal")
Warren Buffett’s Berkshire Hathaway Inc deepened its commitment to the US financial industry, announcing a $4.02 billion stake in JPMorgan Chase & Co and new investments in PNC Financial Services Group Inc and Travelers Companies Inc, plus a stake in Oracle Corp.
The investments were disclosed in a Wednesday regulatory filing detailing Berkshire’s U.S.-listed stocks as of Sept. 30, following a quarter when the Omaha, Nebraska-based conglomerate spent $17.7 billion on equities.
According to the filing, Berkshire owned $829 million of PNC stock, $460 million of the insurer Travelers, and $2.13 billion of Oracle, the database software company.
It also added to its
