NEW YORK (Reuters) - General Electric shares shot up on Wednesday after news that Warren Buffett would buy a stake in the company.
The stock had dropped by as much as 9 percent earlier in the morning on worry about its profit outlook and ability to raise capital. GE issued a statement midmorning that it was not facing problems accessing short-term credit markets.
The stock was halted for a brief period ahead of the Buffett news, and they briefly turned positive on the day when trading resume.
At 2 p.m. EST (1800 GMT) the stock was down about 3 percent at $24.75.
(Editing by Theodore d'Afflisio)
