OMAHA, Neb.— When American freight trains delivered cargo after World War II, the steam-belching beasts commonly had seven people aboard— an engineer, a conductor, up to four brakemen and a fireman. You have to have two people, "said J.P. Wright, an engineer for CSX railroad in Louisville, Kentucky. The mayor of the Chicago suburb of Barrington asks how one person could...» Read More
Many investors are too conservatively positioned to the end of the year, said Thomas Lee, chief U.S. equity strategist at JPMorgan. He told investors where they should be looking.
Warren Buffett says he's not expecting, and isn't entitled to, "spectacular" returns on Berkshire Hathaway's planned acquisition of the Burlington Northern Santa Fe freight railroad. This is a transcript of Buffett's comments on his proposed BNSF deal during a broadcast interview on The Charlie Rose Show.
As the economic slowdown peters out and recovery shoots arise, governments are still making good on their promises of infrastructure spending in their massive stimulus packages. And it may be just the time for investors to make money off these government-initiated projects.
Warren Buffett's company will sell its stakes in Union Pacific and Norfolk Southern railroads before it completes its $26.3 billion acquisition of Burlington Northern Santa Fe railroad.
Warren Buffett's Berkshire Hathaway plans to sell its stakes in Union Pacific and Norfolk Southern, now that it plans to buy their competitor, Burlington Northern.
How can you invest along the same principles as Warren Buffett? James Altucher, managing director of Formula Capital, shared his insights.
Warren Buffet’s Berkshire Hathaway announced Tuesday it will acquire the remaining 77 percent stake in Burlington Northern Santa Fe that it doesn't already own for $100 a share in cash and stock. Art Hatfield, a transportation analyst with Morgan Keegan shared his insights on the decision.
Warren Buffett tells CNBC his $26 billion acquisition of Burlington Northern Santa Fe is a "bet on the country." Berkshire Hathaway surprised the financial world this morning with word it is buying the roughly 77% of Burlington Northern shares it doesn't already own for a combination of cash and Berkshire Hathaway shares.
On Tuesday, Warren Buffett's Berkshire Hathaway announced that it will allow its Class B shareholders to vote on a 50-for-1 stock split that has already been approved by the board.
Warren Buffett's stake in Burlington Northern Santa Fe has reached 22.4 percent, with a new options-related stock purchase of over two million shares.
If Warren Buffett liked Burlington Northern Santa Fe in the high $70s, he must love it in the low $60s. Buffett's Berkshire Hathaway reports in an SEC filing tonight that it bought almost 4.4 million shares in the freight railroad over the last three trading days at prices between $61.65 and $63.43.
Warren Buffett's Berkshire Hathaway has increased its stake in Burlington Northern Santa Fe to over 20 percent with another options-related stock buy.
Berkshire Hathaway's stake in Burlington Northern Santa Fe is up to 19.83 percent, after Warren Buffett's holding company bought 3.3 million additional shares on Monday and Tuesday.
Warren Buffett's Berkshire Hathaway has added 825,000 more shares to its Burlington Northern Santa Fe stake, bringing its total holdings to 64,610,418 shares. Those shares were bought two days ago, and are already worth $5 million more than the purchase price. But the longer-term picture isn't as positive.
Consumer cyclicals such as retailers are becoming attractive, said Bob Stovall, Wood Asset Management managing director and global strategist.
Dow Transportation component CSX, often considered an economic weather vane, reported third quarter earnings of $0.94 a share for continuing operations, a 40 percent increase over last year.
CNBC’s Matt Nesto said investors might want to look into placing their money in the railroad sector.
The second largest railroad in the United States, Burlington Northern Santa Fe, reported lower net income, citing a $175 million charge related to environmental issues in Montana, a soft economy, high fuel costs and floods in the U.S. Midwest.
No. 1 U.S. railroad Union Pacific on Thursday reported a better-than-expected profit as strong pricing offset rising fuel costs, flooding in the U.S. Midwest and lower freight volumes.
CSX, the U.S. railroad, reported higher second-quarter net profit that met expectation on Tuesday, as strong pricing offset a 3 percent decline in freight volumes.