Stocks fall as Buffett deal brings modest comfort

Stocks are lower as investors draw only modest comfort from investor Warren Buffett's decision to buy one of the nation's largest railroads.

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

Investors are worried that stocks have risen too fast given the many troubles still facing the economy including unemployment.

Read the whole story on Forbes or try our Toolbar
Bookmark and Share
blog comments powered by Disqus

Related stories:

  • S&P may downgrade Berkshire, upgrade Burlington

    Nov 4th, 2009 - Forbes

    Standard & Poor'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....

  • Buffett's Burlington Breakup Fee Shows Confidence

    Nov 4th, 2009 - Bloomberg

    Buffett's Burlington Breakup Fee Shows ConfidenceNov. 4 (Bloomberg) -- Berkshire Hathaway Inc., the companythat agreed to buy Burlington Northern Santa Fe Corp. in itsbiggest takeover, accepted a lower-than-usual breakup fee in asign Warren Buffett expects no one will top his bid.

  • Mixed Finish After Buffett's Big Bet

    Nov 4th, 2009 - Forbes

    Stocks wobbled around negative territory for much of Tuesday but managed to pull out a late win in two of three major indexes as mixed earnings reports competed for attention with Warren Buffett'sbet on America.

  • Stocks set for strong start

    Nov 4th, 2009 - CNNMoney

    NEW YORK (CNNMoney.com) -- U.S. stocks were poised to open higher Wednesday, as Wall Street cheered a number of Republican election wins ahead of the Federal Reserve's latest policy meeting decision. Less than two hours before the open...

  • US Stocks Open Lower As Econ Jitters Offset Buffett Purchase

    Nov 3rd, 2009 - Wall Street Journal

    NEW YORK (Dow Jones)--U.S. stocks opened lower Tuesday on some economic jitters ahead of a two-day policy meeting from the Federal Reserve, with traders looking past a...

More stories ...

Related videos from YouTube:

More videos ...

Google Search: