NetJets eyes 'modest profit' Nov 11, 2009
The red ink came even as Berkshire Hathaway, headed by billionaire Warren Buffett, tripled its third-quarter profit to $3 ... On the heels of the furlough announcement, Berkshire Hathaway cautioned in a filing that NetJets owns more planes than is required for its present level of operations and further downsizing costs will be incurred in the fourth quarter ... That projection, however, comes with two caveats: A modest profit, Berkshire Hathaway told investors, is likely absent any further... (Columbus Business First, OH)
Berkshire Hathaway buys BNSF: Express from Omaha Nov 10, 2009
Berkshire Hathaway buys BNSF ... On November 3rd his investment firm, Berkshire Hathaway, agreed to buy the 78% it did not already own of Burlington Northern Santa Fe, America s second-biggest railway operator, in a deal valued at $44 billion ... Berkshire Hathaway is paying around 30% more for Burlington Northern s shares than their price on the day before the deal was announced, and barely 10% less than their all-time high. (The Economist)
Market Forecaster Nov 10, 2009
Berkshire Hathaway Inc. agreed to buy Burlington Northern Santa Fe Corp. in the company's biggest takeover under Warren Buffett. Buffett's firm will buy the 77. (Midwest Bulls Eye, NE)
Read the 'Cost of Freedom' recap Nov 10, 2009
Adam Lashinsky: Berkshire Hathaway (). Gary Kaltbaum: Newmont Mining (). (Fox News)
Berkshire To Sell UP, Norfolk Southern Stakes Nov 10, 2009
Berkshire Hathaway Inc.'s plan to sell those stocks was revealed in documents filed with the Securities and Exchange Commission on Monday. According to a transcript of a conference call, BNSF's CEO Matt Rose told employees of his Fort Worth, Texas-based railroad that Berkshire plans to sell its 9. (7 KETV Omaha)
* Credit crisis has abated: Berkshire Nov 10, 2009
Berkshire Hathaway Inc said the credit crisis has abated, bolstering the firms earnings potential after chief executive officer Warren Buffett agreed to pay US$26 billion and take on debt to fund his biggest takeover. Improvements in the creditworthiness of US companies helped triple third-quarter profit, announced by Berkshire in a filing on Friday, and provide a cushion for Buffett as he buys railroad Burlington Northern Santa Fe Corp. Berkshire made the comment on credit markets in the... (Taipei Times, Taiwan -- World)
Cadbury rejects hostile bid from Kraft Foods Nov 10, 2009
Billionaire Warren Buffett, whose investment firm Berkshire Hathaway is the biggest shareholder in Kraft, had said the previous Cadbury offer was "pretty full.". Carr added that a tie-up involved "the unattractive prospect of the absorption of Cadbury into a low growth conglomerate business model.". (MSNBC -- Business)
Buffett Believes Credit Crisis Is Over Nov 10, 2009
And his company Berkshire Hathaway made that crystal clear in a recent regulatory filing. In that filing, which announced a tripling of the companys third-quarter profit, it said, the credit crisis has abated, Bloomberg reports. (Newsmax)
Buffett's $48bn donation deadline Nov 10, 2009
The world's second-richest man revealed last year that five charitable foundations would gain from his shares in holding company Berkshire Hathaway ... Mr Buffett has said he intends to give away 12,050,000 class B shares of Berkshire Hathaway stock to the foundations ... Berkshire Hathaway class B shares were worth $3,554 each on the day Mr Buffett outlined his plans. (Yahoo News -- Philanthropy and Volunteerism)
Cadbury: The Missing Ingredient for Kraft Nov 10, 2009
chairman of Berkshire Hathaway (), is a Kraft shareholder. The famous value investor has publicly pushed Kraft not to overpay. (BusinessWeek)
Buffett firm sees profits triple Nov 9, 2009
Berkshire Hathaway said its net profit was $3. 2bn (1. (BBC News -- Americas)
BUFFETT: Railroad business is 'in tune with the future' Nov 9, 2009
Warren Buffett, CEO of Berkshire Hathaway waves to shareholders prior to the annual Berkshire Hathaway shareholders meeting in May 2, 2009. Buffett's Berkshire Hathaway is buying Burlington Northern Santa Fe railroad ... "Berkshire Hathaway is so big, you can't move the needle by buying $100 million companies.". (USA Today -- Money)
Cadbury awaits latest Kraft move Nov 9, 2009
Mr Buffett's investment firm Berkshire Hathaway is the biggest shareholder in Kraft. Bookmark with. (BBC News -- Business)
How to Fund the Next Bank Bailout? Nov 9, 2009
According to the BBC, Warren Buffett's Berkshire Hathaway reported to $3. 2 billion last quarter. (Slate)
What is behind Buffett's Burlington buy Nov 8, 2009
So it's no surprise that this week when Buffett's Berkshire Hathaway made its biggest investment ever -- a $34 billion purchase of Burlington Northern, the giant railroad -- the knee-jerk reaction was to conclude that the stock-market sage was putting his chips on a bright and shiny economic outlook ... Buffett has bet the house on Burlington and it will define his Berkshire Hathaway long after he is gone ... So it's no surprise that this week when Buffett's Berkshire Hathaway made its biggest... (New York Post -- Business)
Berkshire Hathaway's Net Income Triples Nov 8, 2009
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit. Results were announced three days after Buffett revealed the biggest acquisition in his 44 years running Berkshire, a $26 billion takeover of Burlington Northern Santa Fe Corp. (ABC News -- Wire)
Consumer borrowing plunges in September Nov 8, 2009
Warren Buffett's company says its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts. Berkshire said yesterday it generated $3. (Honolulu Advertiser)
Mesa Air says United didn't extend deal Nov 7, 2009
Private air service NetJets Inc., unit of Warren Buffett's Berkshire Hathaway Inc, says it will lay off up to 495 pilots nationwide because of a drop in demand. The decision announced Thursday was based on a review of current and projected flight demand, said David Sokol, CEO of NetJets, which caters to companies and business executives. (Fresno Bee -- Business)
Berkshire Hathaway Says 3Q Profit Triples to $3.2B Nov 7, 2009
Berkshire Hathaway Says 3Q Profit Triples to $3 ... Berkshire Hathaway Says 3Q Profit Triples to $3 ... FILE - In this May 2, 2009 file photo, Berkshire Hathaway CEO Warren Buffett speaks to a reporter. (ABC News -- Wire)
Berkshire Hathaway's profit triples Nov 7, 2009
- Warren Buffett's company said Friday that its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts. Berkshire said it generated $3. (MSNBC -- Business)
Earnings Roundup: Berkshire Hathaway, Rosetta Nov 7, 2009
Earnings roundup: Berkshire Hathaway 3Q profit triples, Rosetta Resources swings to 3Q profit ... (AP) Warren Buffett's company says its third-quarter profit tripled as the improving economy and stock market boosted the value of Berkshire Hathaway Inc.'s derivative contracts. (ABC News -- Wire)
Buffetts Berkshire to buy BNSF Railway Nov 7, 2009
Published: Wednesday, November 4, 2009 12:19 PM MST NEW YORK Warren Buffetts Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp., making a $34 billion bet on the future of the U.S. economy ... If approved, it would be the biggest acquisition ever for Berkshire Hathaway Inc. ... Berkshire Hathaway already owns about 22 percent of Burlington Northern, and said it will pay $100 a share in cash and stock for the rest of the company, a 31. (Gillette News-Record, WY)
American International Industries, Inc. Plans to Expand Into Water Purification and Desalination Business Nov 7, 2009
American International Industries, Inc. is a diversified holding company, with a business model similar to General Electric, Tyco International, and Berkshire Hathaway. The Company has holdings in Industry, Finance, and Real Estate in Houston, Texas and surrounding areas, and Oil & Gas. (Primezone Releases)
Warren Buffett's Berkshire Hathaway says net income triples Nov 7, 2009
By Jonathan Stempel and Lilla Zuill, Reuters NEW YORK 's Berkshire Hathaway said Friday that third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit. Results were announced three days after Buffett revealed the biggest acquisition in his 44 years running Berkshire, a $26 billion takeover of. (USA Today -- Money)
Buffett's Berkshire Hathaway profit triples Nov 7, 2009
Billionaire investor Warren Buffett's Berkshire Hathaway Inc. said third-quarter profit tripled on the gain in derivatives tied to stocks and bonds. Net income advanced to $US3. (Sydney Morning Herald -- Business)
Business Highlights Nov 7, 2009
The acquisition of Burlington Northern Santa Fe, the nation's second-largest railroad, would be the biggest ever for Warren Buffett's Berkshire Hathaway investment company. Business Highlights. (Fresno Bee -- Business)
Buffett's Berkshire profits triple Nov 7, 2009
Billionaire investor Warren Buffett's Berkshire Hathaway said third-quarter profits tripled as stock markets advanced and the cost of compensating insurance customers for storm damage dropped ... Billionaire investor Warren Buffett's Berkshire Hathaway said third-quarter profits tripled as stock markets advanced and the cost of compensating insurance customers for storm damage dropped. (New York Post -- Business)
Idle rail cars upsetting people in Brentwood Nov 6, 2009
The acquisition of Burlington Northern Santa Fe, the nation's second-largest railroad, would be the biggest ever for Warren Buffett's Berkshire Hathaway investment company. It's a natural fit for the Oracle of Omaha, a city with a special place in railroad history. (Fresno Bee -- State)
The Berkshire effect: Buffetts BNSF buy makes sense Nov 5, 2009
Berkshire Hathaway, Buffetts holding company, bought the nations second largest railroad company for $34 billion Tuesday ... Berkshire Hathaway owns 11 coal-fired power plants in the Midwest through its subsidiary, Mid-American Energy ... Berkshire Hathaway also owns 9. (Gillette News-Record, WY)
Montanans hope BNSF deal will cut shipping costs Nov 5, 2009
Montana political and agricultural leaders hope Berkshire Hathaway Inc.'s planned purchase of the Burlington Northern Santa Fe railroad will lead to lower shipping costs in Montana, but they doubt much will change. Gov. Brian Schweitzer, a farmer and rancher, said Tuesday he had spoken to both Warren Buffett, chairman of Berkshire Hathaway, and Matthew Rose, Burlington Northern Santa Fe Corp.'s chairman, president and CEO. ... -based Berkshire Hathaway already owned 22 percent of the company,... (Agri-View, WI)
India shows bull market for gold intact: US media report Nov 5, 2009
"It's not unlike Warren Buffett buying a railroad," Rosenberg said, referring to the $34 billion acquisition of Burlington Northern Santa Fe by Berkshire Hathaway. "When you have a large buyer come in at a prevailing price, it instills confidence in the market.". (India Times)
Area railroad changes hands Nov 5, 2009
Area and state ag industry representatives reacted with relative calm to Tuesday's surprising announcement that billionaire investor Warren Buffett's Berkshire Hathaway Inc. is buying the Burlington Northern Santa Fe Corporation ... The Associated Press reported the 34 billion Berkshire Hathaway Inc. agreed to pay for the railroad because of the growth that is expected in a recovering economy ... Berkshire Hathaway Inc. already owns about 22 percent of the railroad and is to pay 100 a share in... (Williston Daily Herald, ND)
New Theory On Fairness In Economics Targets CEO Pay Nov 5, 2009
"It's interesting to note that Warren Buffett, CEO of Berkshire Hathaway and an outspoken critic of executive pay excesses, drew an annual salary of 200,000 in 2008," Venkatasubramanian said. "This makes his pay ratio 8-to-1, assuming a minimum employee salary of 25,000 per year, which fits the ideal benchmark estimate for fair CEO pay almost exactly. Mr. Buffett's instincts about fairness seem to be amazingly accurate. The top pay set by Mr. Feinberg for the AIG executives is almost exactly the... (Science Daily)
Buffett buying Burlington rail in his biggest deal Nov 5, 2009
NEW YORK (Reuters) Warren Buffett's Berkshire Hathaway Inc will pay 26 billion to buy out Burlington Northern Santa Fe Corp in a bet the nation's largest rail company will benefit from a recovering U.S. economy. The deal, announced on Tuesday, is the billionaire investor's biggest-ever acquisition and may prompt him to sell some of his other investments, which include a wide range of companies from Coca-Cola Co to General Electric Co, some Buffett watchers said. (Yahoo News -- Top Stories)
Buffett's rating on the tracks Nov 5, 2009
Warren Buffett's Berkshire Hathaway is more likely to be stripped of its AAA rating by Standard & Poor's after the company agreed Tuesday to pay $26 billion to acquire railroad Burlington Northern Santa Fe ... Meanwhile, Berkshire Hathaway and Burlington Northern Santa Fe were sued by investors over claims Berkshire's acquisition of the railroad will not maximize shareholder value ... Warren Buffett's Berkshire Hathaway is more likely to be stripped of its AAA rating by Standard & Poor's after... (New York Post -- Business)
Fed sees rates near zero for extended period Nov 5, 2009
In an act demonstrating confidence in the economy's prospects, billionaire investor Warren Buffett on Tuesday said his company, Berkshire Hathaway, agreed to purchase the nation's largest rail company, saying it is poised to benefit from the recovery. While the outlook has improved, many economists still expect the recovery to be sluggish and in need of the Fed's easy-money policies for a while longer. (Sydney Morning Herald -- Business)
S&P may downgrade Berkshire, upgrade Burlington Nov 5, 2009
NEW YORK (AP): Standard s warned Wednesday that Warren Buffett's bid for Burlington Northern Santa Fe Corp. could sap the liquidity and capital position of the legendary investor's insurance operations at Berkshire Hathaway Inc., jeopardizing the company's AAA rating. The ratings agency placed its ratings on Berkshire Hathaway on CreditWatch with negative implications following Berkshire's announcement Tuesday that it will buy Burlington Northern for $26 ... Standard s said it expects a... (The Star Online, Malaysia -- Business)
$5.8 bln, BYD boss Wang tops Forbes China rich list Nov 5, 2009
BYD, or Build Your Dream, soared after a unit of Warren Buffett's Berkshire Hathaway agreed to buy a 10-percent stake last year. Liu Yongxing, president of the East Hope Group who topped the list last year, came in second with a fortune of 37. (Xinhuanet, China)
For the record Nov 5, 2009
Clarification: An Associated Press story in yesterday s Business section should have specified that Berkshire Hathaway has agreed to pay $26. 3 billion in cash and stock for the 77. (Boston Globe)
Buffett's firm to buy Burlington railroad Nov 5, 2009
Berkshire Hathaway Inc. said Tuesday that it agreed to buy railroad operator Burlington Northern Santa Fe Corp. in a $44 billion deal that Chairman Warren Buffett called "an all-in wager" on the U.S. economy ... "We are thrilled to have the opportunity to become part of the Berkshire Hathaway family," Burlington chief executive Matthew Rose said. (San Francisco Chronicle)
* Buffetts Berkshire buying Burlington Northern Railroad Nov 5, 2009
It would be the biggest acquisition ever for Berkshire Hathaway Inc.. Berkshire Hathaway already owns about 22 percent of Burlington Northern, and will pay US$100 a share in cash and stock for the rest of the company. (Taipei Times, Taiwan -- World Business)
FoxBusiness: Berkshire Buying Burlington Northern Nov 4, 2009
In the largest deal ever done by billionaire , Berkshire Hathaway (BRK.A) said on Tuesday it will purchase national railroad giant Burlington Northern Santa Fe (BNI) for $44 billion. Berkshire, which already owned a 22. (Fox News)
Buffetts all-in bet on the economy Nov 4, 2009
Nati Harnik / APWarren Buffett's Berkshire Hathawayhas agreed to buy Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion ... 3: Warren Buffett, chairman of Berkshire Hathaway, discusses on CNBC his company's $34 billion deal to buyBurlington Northern ... Warren Buffett's Berkshire Hathaway is buying Burlington Northern for $100 a share, the company's largest takeover to date. (MSNBC -- Business)
Berkshire Proposes 50-1 Class B Stock Split Nov 4, 2009
-- Warren Buffett's Berkshire Hathaway Inc. is sending a plan to split the iconic company's Class B shares to a shareholder vote. Holders of the relatively low-cost shares will vote on a 50-for-1 stock split approved by the Berkshire Hathaway board, the company says ... The announcement comes on the same day Berkshire Hathaway said it will buy the Burlington Northern Santa Fe Corp.. (7 KETV Omaha)
Berkshire OKs 50-for-1 split Nov 4, 2009
Berkshire Hathaway OKs 50-for-1 split of B-shares. Article:Berkshire Hathaway OKs 50-for-1 split of B-shares:/n/a/2009/11/03/financial/f045945S73 ... DTL Article:Berkshire Hathaway OKs 50-for-1 split of B-shares:/n/a/2009/11/03/financial/f045945S73. (San Francisco Chronicle -- Business)
Buffett's firm to buy Burlington railroad Nov 4, 2009
Berkshire Hathaway Inc. said Tuesday that it agreed to buy railroad operator Burlington Northern Santa Fe Corp. in a $44 billion deal that Chairman Warren Buffett called "an all-in wager" on the U.S. economy ... "We are thrilled to have the opportunity to become part of the Berkshire Hathaway family," Burlington chief executive Matthew Rose said ... Buffett's firm to buy Burlington railroad Articles Berkshire Hathaway Inc. said Tuesday that it agreed to buy railroad operator Burlington Northern... (San Francisco Chronicle -- Business)
Profit taking sees JSE end down Nov 4, 2009
Online Edition Powered By IOL. DisplayAds('SkyLEFT',17,). (Business Report, South Africa)
Power Breakfast: Buffett, Delta, Kia, securities fraud, auto sales Nov 4, 2009
Buffett s Berkshire Hathaway on Tuesday agreed to buy the 131-year-old Burlington Northern Santa Fe railroad for $26 billion. people as a bit old-fashioned more 19th century than 21st, the New York Times writes. (Atlanta Journal-Constitution -- Business)
Betting on BNSF Nov 4, 2009
Warren Buffett's Berkshire Hathaway investment company, which owns a 22 percent stake in BNSF, will buy up the rest under a $34 billion deal announced Tuesday ... The acquisition of Burlington Northern Santa Fe, the nation's second-largest railroad, would be the biggest ever for Warren Buffett's Berkshire Hathaway investment company ... Berkshire Hathaway also is the parent company of Rocky Mountain Power, Wyoming's biggest electrical utility and a significant coal consumer. (Casper Star-Tribune, WY)
Brazil Stocks Gain as Banks, ALL Rally on Earnings Outlook; Real Advances Nov 4, 2009
Latin Americas biggest railroad operator, rose more than 2 percent after Warren Buffetts Berkshire Hathaway Inc. agreed to buy Burlington Northern Santa Fe Corp. and gained as prices of metals and oil rose. The index has been coming off of a few days of meaningful declines and today were seeing renewed interest in commodities, pushing up Vale and Petrobras, said , who manages $57 million at Investport in Sao Paulo. (Bloomberg -- Latin America)
Contract offer given little chance Nov 4, 2009
Union, Rocky Mountain Power hope to avoid strike. ROCK SPRINGS -- Union electrical workers at three Wyoming power plants are voting on a three-year contract proposal from the Rocky Mountain Power Co., union and company officials said Tuesday. (Casper Star-Tribune, WY)
Buffett on track Nov 4, 2009
The 79-year-old mogul revealed yesterday the biggest bet of his 44-year career: a $44 billion deal for his Berkshire Hathaway to buy America's biggest railroad, Burlington Northern Santa Fe ... Berkshire Hathaway Class B stock also surged $60 each, giving him an another $90 million gain ... Separately, his Berkshire Hathaway Class A stock jumped $1,700 per share to $100,450, giving him a gain of $595 million, some of which will be applied to pay for the railroad. (New York Post -- Business)
Buffett's Berkshire Hathaway to buy Burlington Northern Santa Fe for $44B Nov 4, 2009
It will be the largest acquisition in the history of Berkshire Hathaway ... Omaha-based Berkshire Hathaway will buy up 77 ... Our country s future prosperity depends on its having an efficient and well-maintained rail system, Buffett, Berkshire Hathaway chairman and chief executive officer, said in a statement. (Denver Business Journal, CO)
Buffett bets $26B on U.S. recovery Nov 4, 2009
The cash-and-shares deal by Mr Buffett's Berkshire Hathaway, which already has a 22. 6 per cent stake in BNSF, caps a long search by the legendary investor for an "elephant" deal to deploy his vast cash pile. (CNN -- International)
Buffett ‘all-in’ for $34b railroad deal Nov 4, 2009
Berkshire Hathaway Inc. already owns a 22 percent stake in Burlington Northern and would buy up the rest under the deal, for a total value of $34 billion. It still needs approval from Burlington shareholders and antitrust regulators, both expected early next year. (Boston Globe)
Warren Buffett's Berkshire buying railway for US$34bil Nov 4, 2009
It would be the biggest acquisition ever for Berkshire Hathaway Inc ... It would be the biggest acquisition ever for Berkshire Hathaway Inc. ... Berkshire Hathaway already owns about 22 percent of Burlington Northern, and will pay $100 a share in cash and stock for the rest of the company. (The Star Online, Malaysia -- Business)
STOCK SPLIT: Berkshire board approves plan Nov 4, 2009
Berkshire Hathaway Inc. Board of Directors Approves 50-for-1 Split of Its Class B Common Stock - USATODAY.com ... Berkshire Hathaway Inc. Board of Directors Approves 50-for-1 Split of Its Class B Common Stock ... Nov 03, 2009 (BUSINESS WIRE) -- Berkshire Hathaway Inc. [] [] today announced that its Board of Directors approved a 50-for-1 split of its Class B Common Stock. (USA Today -- Money)
WHAT BERKSHIRE SAYS: 'All-in wager on the economic future of the United States' Nov 4, 2009
Berkshire Hathaway Inc. to Acquire Burlington Northern Santa Fe Corporation (BNSF) for $100 Per Share in Cash and Stock - USATODAY.com ... Berkshire Hathaway Inc. to Acquire Burlington Northern Santa Fe Corporation (BNSF) for $100 Per Share in Cash and Stock ... BNSF will continue to operate from its Fort Worth, TX headquarters and will become a wholly owned subsidiary of Berkshire Hathaway. (USA Today -- Money)
Despite recent deals by Buffett, others, mergers aren't taking off Nov 4, 2009
Even though 's Berkshire Hathaway is making its biggest deal ever, the news couldn't stop the Dow Jones industrial average from slipping 18 points to 9772. Still, there is no denying the M&A market is coming back alive, and the gains in other railroad stocks Tuesday show traders are speculating about the next deal. (USA Today -- Money)
Buffett's Big Bet: $34B on 2nd-Largest Railroad Nov 4, 2009
Warren Buffet's Berkshire Hathaway said Tuesday, Nov. 3, 2009, it has agreed to buy Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion ... The acquisition of Burlington Northern Santa Fe, the nation's second-largest railroad, would be the biggest ever for Warren Buffett's Berkshire Hathaway investment company ... Berkshire Hathaway Inc. already owns a 22 percent stake in Burlington Northern and would buy up the rest under the deal, for a total value of $34 billion. (ABC News -- Wire)
Buffett Joins Goldman Bid for Fannie Mae Tax Credits Nov 4, 2009
NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc has joined Goldman Sachs Group Inc in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter ... Berkshire Hathaway and Goldman could not be reached immediately for comment. (ABC News -- Wire)
Fed Seen Staying on Easy-Money Path Nov 4, 2009
In an act underlining rising confidence in the recovery, billionaire investor Warren Buffet on Tuesday said his company, Berkshire Hathaway Inc, agreed to purchase the nation's largest rail company, saying it is poised to benefit from the recovery. Fed officials in recent weeks, however, have sent the message that while the outlook has improved, the recovery is likely to be sluggish and needs continuing support. (ABC News -- Wire)
Buffett buys out second largest U.S. railroad company Nov 4, 2009
Billionaire financier and Berkshire Hathaway Chief Executive Warren Buffett attends the Berkshire Hathaway Annual Shareholders meeting in Omaha, Nebraska May 2, 2009 ... Buffett's Berkshire Hathaway Inc. will pay 100 dollars per share in cash for the 78 percent of BNSF that it has not already owned, which comes to a total of 34 billion U.S. dollars. (Xinhuanet, China)
Warren Buffett punts $US26b on railroad Nov 4, 2009
Buffett's Berkshire Hathaway holding group on Tuesday announced it would purchase the 77 ... "Our country's future prosperity depends on its having an efficient and well-maintained rail system," said Buffett, Berkshire Hathaway's chairman and chief executive, adding that the deal was the biggest ever for his storied investment fund ... "We are thrilled to have the opportunity to become a part of the Berkshire Hathaway family," said Rose. (Sydney Morning Herald -- Business)
Buffett does the splits Nov 4, 2009
Berkshire Hathaway Inc.'s planned 50- for-1 stock split will put its Class B shares within reach of investors Warren Buffett once called an ``inferior'' class. The proposed split, announced today as part of Berkshire's takeover of Burlington Northern Santa Fe Corp., would push the price of each Class B share to $US66. (Sydney Morning Herald -- Business)
