BUFFETT SLASHES STAKE IN IBM BY ONE-THIRD

Billionaire investor Warren Buffett’s Berkshire Hathaway continued to pare its holdings in IBM by another

17.1 million shares, or roughly by a third, in the just-ended third quarter, according to a regulatory filing. Buffett has now cut the stake he began building in 2011 by a third in each of the past two quarters. Buffett still owns 37.03 million shares of IBM, which is valued at close to $5.5 billion.