News Source: Voice of America
| about 1 month ago
American billionaire investor Warren Buffett has cast a big vote of confidence on the U.S. economy by purchasing one of the nation's largest rail systems. The deal, worth $44 billion, marks the single biggest investment ever undertaken by Buffett's...
News Source: The Globe & Mail
| about 1 month ago
Airways, which he's described as one of his least successful investments. Berkshire bought back in, disclosing its stake in April 2007...Tom Pennington/Getty Images Rail sector may be on track for higher returns
News Source: Independent
| about 1 month ago
Warren Buffett 's Berkshire Hathaway is more likely to be stripped of its AAA rating by Standard & Poor's after the company agreed yesterday to pay $26bn (€17.5bn) to acquire the shares in railroad Burlington Northern Santa Fe it didn't already own.
News Source: Star Tribune
| about 1 month ago
In a Nov. 3 story about Warren Buffett's plan to acquire Burlington Northern, The Associated Press reported erroneously that Berkshire will pay $34 billion in cash and stock for Burlington. Berkshire will pay $23.6 billion in cash and stock for the...
News Source: Asian Wall Street Journal
| about 1 month ago
Warren Buffett made the biggest bet of his career, agreeing to buy Burlington Northern Santa Fe Corp...The deal for the nation's largest railroad operator by revenue will speed the transition of Mr. Buffett's Berkshire Hathaway Corp. Omaha, Neb.,...
News Source: Seattle Times
| about 1 month ago
The story should have specified that Berkshire has agreed to pay $26.3 billion in cash and stock for the 77.4 percent of the company it doesn't now own, valuing the entire company at $34 billion. In a Nov. 4 story, The Associated Press reported that...