Warren Buffett invest $3 Billion in G.E

Mr. Buffett, the billionaire investor, announced on Wednesday that he would invest $3 billion in General Electric, the industrial giant that is also the nation’s largest nonbank financial company.

He is betting when other investors remain fearful and on the sidelines. And his investments, analysts say, are based on the assumption that these two companies will come through the financial turmoil in good shape — helped by a government economic rescue package that will not only emerge but will bring confidence to shaky markets.

Mr. Buffett, the chief executive of Berkshire Hathaway, said in a statement, “G.E. is the symbol of American business to the world,” adding that he has known the company’s leaders for decades. “They have strong global brands and businesses with which I am quite familiar. I am confident that G.E. will continue to be successful in the years to come,” he said.