Investors shrug off rise in factory orders

Nov 3rd, 2009 - The Seattle Times

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Investors worried about the economic recovery drew only modest comfort from billionaire investor Warren Buffett's decision to buy one of the nation's largest railroads.

Buffett's Berkshire Hathaway said Tuesday it is paying $100 a share for Burlington Northern Santa Fe in a deal valuing the railroad at $34 billion.

Investors are on edge about unemployment and the stability of major financial firms in Europe.

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