Berkshire Hathaway Offers to Acquire ResCap Unit (BRK.A, GM, MEG, LEE, TXT)

Berkshire Hathaway (NYSE: BRK.A), the investment company of billionaire investor Warren Buffett, has offered to acquire the mortgage division and loan of portfolio of Residential Capital LLC.

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Big Mover; Everybody’s Phone Company (EVPH)

Shares of Everybody’s Phone Company (PINK: EVPH), a seller of prepaid, unlimited local telephone service to the residential market, primarily in greater Houston, are surging in trading today after the company said that it is now offering $8 billion federally-funded program to its customers.

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