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8/14, 10:37 PM (Source: TeleTrader)
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Berkshire Hathaway boosts Amazon stake by 11%

Billionaire Warren Buffett's company Berkshire Hathaway Inc. increased its stake in e-commerce giant Amazon.com Inc. by 11%, according to a filing with the Securities and Exchange Commission released on Wednesday.

Other moves disclosed in the regulatory filing include a rise of 3.5% in Berkshire's Bank of America stake.

Back in March, the holding company said it owned $860.6 million of Amazon's shares, although Buffett stated he is not personally responsible for the investment.

Breaking the News / JC