Nov 4th, 2009 - Los Angeles Times
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Billionaire investor Warren Buffett's $34-billion acquisition of railroad giant Burlington Northern Santa Fe Corp. is the biggest bet yet on a U.S. economic recovery, one that could resonate from the international sea lanes to the railroads crisscrossing the country.
Burlington Northern is the nation's largest rail transporter of coal and grain and provides a vital link for consumer goods from Asia to the Midwest, many of them flowing through the ports of Long Beach and Los Angeles.
Related stories:
Berkshire May Lose AAA Rating on Burlington Buy
Nov 4th, 2009 - Newsmax
NEW YORK -- Standard & Poor's said on Wednesday it may cut Berkshire Hathaway Inc's coveted AAA rating, citing the company's plan to acquire Burlington Northern Santa Fe Corp...
MARKET SNAPSHOT: US Stock Market Gets Upbeat Signal From Buffett
Nov 4th, 2009 - CNNMoney
Berkshire Hathaway Inc.'s blockbuster deal for Burlington Northern Santa FeCorp. should offer a positive jolt to the broader U.S. stock market, which tendsto follow the lead of the transportation sector. "Rails in particular...
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
Nov. 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.
Related videos from YouTube:
5:23Buffett on His Railroad Bet
Berkshire Hathaway Chairman Warren Buffett on buying Burlington Northern Santa Fe railroad.
6:49Warren Buffett's All-In Bet - Morningstar Video
Buffett's bet on the long-term strength of the American economy led him to finally deploy Berkshire's cash hoard.
2:04Warren Buffett Says Burlington Purchase Not a Bargain: Video
Nov. 16 (Bloomberg) -- Berkshire Hathaway Inc.s Warren Buffett, who agreed to buy Burlington Northern Santa Fe Corp. in his biggest takeover, said the railroads results in the next 100 years will justify a $26 billion bid thats not a bargain ...
2:38Warren Buffet Buys Burlington Northern, Bets on the U.S. Economy
Billionaire Warren Buffet purchased Burlington Northern, his biggest acquisition ever. It's basically a bet on the health of the US economy, say the media.
