Burlington Northern Santa Fe

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Buffett's Railroad Buy Is a (Smart) Bet on Coal

Growth in US economy will boost electricity demand

(Newser) - Berkshire Hathaway’s acquisition of railroad operator Burlington North Santa Fe is really a "huge bet" by Warren Buffett on the coal industry, writes Steve Gelsi . Burlington hauls more coal than anything else, and the material accounted for a quarter of its third-quarter revenue. Buffett already is heavily invested... More »

Buffett Bets on Recovery, Buys Burlington for $26B

Deal will be Berkshire Hathaway's largest ever

(Newser) - Berkshire Hathaway has agreed to buy up the 77.4% of railroad operator Burlington Northern Santa Fe it didn’t already own for $26 billion, in what would be Warren Buffett’s largest acquisition ever. “It’s an all-in wager on the economic future of the United States,”... More »

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