Buffett's Berkshire secures $8B loan for BNSF deal

Categories: Business, Top Stories| Nov 19, 2009

OMAHA, Neb. -- Warren Buffett's company has lined up an $8 billion loan to help pay for its $26.3 billion acquisition of Burlington Northern Santa Fe Corp. Berkshire Hathaway Inc. said in documents filed with the Securities and Exchange Commission Thursday ...Read More

Buffett, Gates tell students worst is behind us

Categories: Business| Nov 12, 2009

NEW YORK—Capitalism is still alive and well, say the world's two richest men, despite lingering shocks from the longest, deepest recession since the Great Depression. "The financial panic is behind us," said famed investor Warren Buffett, who recently made what he ...Read More

Buffett firm sees profits triple

Categories: Business, Most Viewed| Nov 8, 2009

Buffett firm sees profits triple Warren Buffett is considered one of the world's greatest investors Billionaire Warren Buffett's investment firm has reported that profits almost tripled in the third quarter. Berkshire Hathaway said its net profit was $3.2bn (£1.9bn) in the three months to September, compared ...Read More

BNSF CEO calls Berkshire deal 'great opportunity' - Omaha World

Categories: Business| Nov 8, 2009

BNSF CEO calls Berkshire deal 'great opportunity' - Omaha World Burlington Northern Santa Fe Corp. need no longer worry about hedge funds or other "activist investors" that attempt hostile takeovers, said Matthew K. Rose, CEO of the rail company. That's what happened two years ago to CSX Corp., which serves the ...Read More

Investors hear whistle of railroad profit

Categories: Business| Nov 7, 2009

In the shipping battle of trucks vs. trains, Warren Buffett's wager is on rail. DAVID WOO/DMNBurlington Northern Santa Fe trains line tracks in Saginaw. Railroad companies, tooting their horns about trains' fuel-efficiency, are poised for gains as energy prices rise. The ...Read More

Warren Buffett's Berkshire says net income triples

Categories: Business| Nov 6, 2009

* Q3 Class A shr $2,087 vs $682 a year ago * Operating profit down less than 1 percent * Results follow announced Burlington Northern takeover (Adds comments, financial details and background throughout) NEW YORK (Reuters) - Warren Buffett's BerkshireHathaway Inc on Friday said ...Read More

Berkshire Hathaway's net income triples

Categories: Business| Nov 6, 2009

Berkshire Hathaway's net income triples NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said 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 ...Read More

UPDATE 1-Fitch may cut Berkshire rating on Burlington buy

Categories: Business| Nov 5, 2009

NEW YORK, Nov 5 (Reuters) - Fitch Ratings said on Thursday it may cut its ratings on Warren Buffett's Berkshire Hathaway Inc on concerns about the effect its planned acquisition of Burlington Northern Santa Fe Corp will have on its ...Read More

Channeling Your Inner Warren Buffett

Categories: Business| Nov 5, 2009

Channeling Your Inner Warren Buffett It's possible to invest like the Oracle, but not everyone can get his terms. From his penchant for cheeseburgers and Cherry Coke to his belief in such iconic American brands such as Benjamin Moore & Co. and General Electric Co., Warren ...Read More

Berkshire May Lose AAA Rating on Burlington Buy

Categories: Business| Nov 4, 2009

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, Berkshire's largest deal to date. A significant part of the cash portion ...Read More