Business

Buffett’s Berkshire Hathaway Bets Billions on Verizon and Chevron


Billionaire Warren Buffett added two more big, American brands to Berkshire Hathaway Inc.’s investment portfolio.

Mr. Buffett’s conglomerate has purchased $8.6 billion in stock in Verizon Communications Inc., the U.S.’s largest mobile carrier, and $4.1 billion in gas-and-oil company Chevron , according to a snapshot of investments held in the quarter ended Dec. 31.

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