Buffett's Berkshire buys Burlington Northern railroad

Buffett's Berkshire buys Burlington Northern railroad

NEW YORK — Warren Buffett, arguably the world's most famous investor, is again putting his massive horde of cash to work and making a big bet on the now-struggling U.S. economy.

On Tuesday, the Oracle of Omaha and chairman and CEO of Berkshire Hathaway (BRKB), announced his biggest deal yet: a cash and stock acquisition of Burlington Northern Santa Fe (BNI) that values the railroad giant at $34 billion.

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