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Buffett spins $5 billion BofA investment into $12 billion profit

Warren Buffett's conglomerate is converting warrants into 700 million common shares, at a price that results in a paper profit of roughly $12 billion.

Source: CNBC.com

What to listen for at Jackson Hole

While there's unlikely to be major policy statements at Jackson Hole, Claudio Piron of BofA Merrill Lynch Global Research says financial stability will be a key concern.

Source: CNBC.com