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","image":{"@type":"ImageObject","url":"https://g.foolcdn.com/avatar/1593356244/large.ashx","height":"80","width":"80"}},"about":[{"@type":"Corporation","tickerSymbol":"NYSE BRKA"},{"@type":"Corporation","tickerSymbol":"NYSE BAC"},{"@type":"Corporation","tickerSymbol":"NYSE IBM"},{"@type":"Corporation","tickerSymbol":"NYSE JNJ"},{"@type":"Corporation","tickerSymbol":"PAY"},{"@type":"Corporation","tickerSymbol":"NYSE GS"},{"@type":"Corporation","tickerSymbol":"NYSE GE"}],"publisher":{"@type":"Organization","@id":"https://www.fool.com/","name":"The Motley Fool","url":"https://www.fool.com/","logo":{"@type":"ImageObject","url":"https://g.foolcdn.com/misc-assets/logo-tmf-primary-7-magenta-royalpurple.svg","width":"157","height":"43"},"brand":"The Motley Fool","contactPoint":{"@type":"ContactPoint","contactType":"Media Inquiries","email":"[email protected]"},"publishingPrinciples":"https://www.fool.com/about/","sameAs":["https://www.fool.com/about/","https://en.wikipedia.org/wiki/The_Motley_Fool","https://www.wikidata.org/wiki/Q7752442","https://www.linkedin.com/company/the-motley-fool","https://www.facebook.com/themotleyfool/","https://x.com/themotleyfool","https://www.instagram.com/themotleyfoolofficial/","https://www.youtube.com/channel/UCpRQuynBX9Qy9tPrcswpPag","https://www.pinterest.com/themotleyfool/","https://www.tiktok.com/@themotleyfoolofficial","https://www.google.com/search?kgmid=/m/0578mk"]},"description":"A Foolish look at the news you need to know.","image":{"@type":"ImageObject","height":"630","width":"1200"}}

At The Motley Fool, we know our readers like to be informed. Here's a quick look at today's most relevant financial news, boiled down to what you need to know.

Warren Buffett bets on technology giant IBM
Berkshire Hathaway (NYSE: BRK-A) CEO Warren Buffett said in an interview today that it has spent $10.7 billion to build a 64 million share position in technology titan IBM (NYSE: IBM). The holding gives Berkshire a 5.5% stake in the company. Berkshire's capital was boosted this year by funds that Goldman Sachs (NYSE: GS) and General Electric (NYSE: GE) returned after Berkshire bought preferred shares of the companies back in 2008. Read the full story at Bloomberg.

VeriFone to buy European payments company
Payments processing company VeriFone Systems (NYSE: PAY) is purchasing Point International, despite Europe's debt woes and struggling economies. The $815 million deal requires VeriFone to pay off $230 million of the European company's debt. Read the full story at The Wall Street Journal.

A new market for J&J's new anticlotting drug
Data presented at the American Heart Association's annual meeting Sunday showed that Johnson & Johnson (NYSE: JNJ) and Bayer AG's new drug, Xarelto, reduced the likelihood of death following a heart attack. If approved, the new drug would create a major new market. Read the full story at BusinessWeek.

B of A sells more China Construction Bank
In a move to boost its capital, Bank of America (NYSE: BAC) will sell the majority of its remaining interest in China Construction Bank for $6.6 billion in cash to an undisclosed group of investors. Read more at Reuters.

That's a wrap
So there you have it -- the top financial stories for this morning. If you are interested in getting all the news and commentary on these stocks, sign up to My Watchlist here -- it's free!

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About the Author

Tamara Walsh
I've been an analytical writer for The Motley Fool since 2011. I cover the sectors of Consumer Goods, Technology, and Industrials. Connect with me on Twitter using the handle, @TamaraRutter -- I'd love to hear from you! Follow @tamararutter
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Fool contributor Tamara Rutter does not own shares of any of the companies mentioned in this column. Follow her on Twitter @TamaraRutter. The Motley Fool owns shares of Bank of America, Johnson & Johnson, and IBM. Motley Fool newsletter services have recommended buying shares of Johnson & Johnson and Goldman Sachs, as well as creating a diagonal call position in Johnson & Johnson. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Stocks Mentioned

Berkshire Hathaway Stock Quote
Berkshire Hathaway
NYSE: BRKA
$739,149.78
(+0.34%)+$2,517.37
Stock Advisor

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---% Avg Return
Bank of America Stock Quote
Bank of America
NYSE: BAC
$61.87
(+0.96%)+$0.59
International Business Machines Stock Quote
International Business Machines
NYSE: IBM
$215.04
(+4.06%)+$8.39
Johnson & Johnson Stock Quote
Johnson & Johnson
NYSE: JNJ
$262.92
(+1.41%)+$3.65
Goldman Sachs Group Stock Quote
Goldman Sachs Group
NYSE: GS
$1,062.51
(-1.14%)-$12.21
GE Aerospace Stock Quote
GE Aerospace
NYSE: GE
$354.12
(+1.47%)+$5.12

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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