Warren Buffett has the power to move stocks. He has the power to make the unattractive look attractive. The power to force a double-take on a company (or even economy) that everyone else has written off. But the power to turnaround a bankrupt company with hundreds of millions in debt and next-to-no near-term profit potential?
A rumour swept the globe on Monday night, Australian time, that the investing maestro would back a takeover of the troubled Suntech Power through a subsidiary of his iconic Berkshire Hathaway company.