CNBC's Mary Thompson reports a train engineer and 60 others were injured when a train derailed in New York. 4 people are dead from the accident.» Read More
It's becoming increasingly apparent that Warren Buffett is in the process of putting a big bet on the Burlington Northern freight railroad. In an SEC filing late tonight, Warren Buffett's Berkshire Hathaway indicates it plans to raise its stake to 17% and it has told Burlington its stake could hit 25%.
Warren Buffett's Burlington Northern has bought more shares in the freight railroad Burlington Northern, the fourth round of buying this month.
For the third time this month, Warren Buffett's Berkshire Hathaway holding company has reported boosting its stake in the freight railroad Burlington Northern, more evidence that Mr. Buffett sees the stock as undervalued. And this third round of purchases is much bigger than the previous two.
Warren Buffett's Berkshire Hathaway has just revealed its portfolio holdings for the second quarter. New additions: Bank of America and Dow Jones, plus increased stakes in some healthcare names.
In a filing with the SEC late today (Friday) reported first by CNBC, Berkshire Hathaway reveals that as the stock price of Burlington Northern fell in recent days, Warren Buffett was adding to his stake in the freight railroad. PLUS More on how Buffett is keeping his 'neutrality' as the great Hillary-Obama battle warms up.
Burlington Northern and two other rail stocks owned by Warren Buffett rallied strongly today (Monday) after another vote of confidence from Mr. Buffett. As we first reported late Friday, Warren Buffett appears to remain bullish on Burlington. His Berkshire Hathaway holding company revealed in an SEC filing that it bought another 1.4 million shares last week at $76.50 and $78.96.
Warren Buffett's Berkshire Hathaway further increased his stake in Burlington Northern Santa Fe to about 42.05 million shares, according to U.S. regulatory filing on Friday.
Burlington Northern shares are picking up speed on Wall Street, after Warren Buffett added to his bet on the railroad. Buffett's apparent optimism on the rails gives Fast Money's Guy Adami an idea. PLUS: Why Geico's Gecko may be going back to Massachusetts.
The huge market swings yesterday--including a 200 point rebound in the Dow during the last half hour--may have had some traders chugging Maalox. But others thrive on the roller-coaster ride. Don't look for the big ups and downs to stop anytime soon.
U.S. railroad Burlington Northern Santa Fe said on Tuesday that quarterly net profit fell as a result of higher fuel expenses.
Union Pacific, the biggest U.S. railroad, reported a better-than-expected rise in profit Thursday due to improved efficiency and strong pricing despite slower U.S. economic growth and bad weather.
Amid the roaring bull market, three big investors disclose details of some big trades within their huge portfolios.
Railroad company Norfolk Southern reported a lower quarterly profit citing softness in the U.S. economy, in particular the housing and automotive sectors, but beat analysts' forecasts.
Just because the rails business has already enjoyed a good run doesn’t mean you still can’t make some money. Here is Cramer’s second pick for playing the sector.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
There’s more than one way to profit from a stock cycle. With the railroads on the rise, Cramer thinks there’s no time like the present to show you how.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Warren Buffett isn’t the only one interested in railroads. Activist shareholders are eyeing railroad operator CSX, which could be contributing to Wednesday’s surge in the stock, CNBC’s David Faber reported.
Eurostar, the passenger train service linking London and mainland Europe, set a target on Tuesday to cut CO2 emissions by 25% per passenger by 2012.
Warren Buffett's Berkshire Hathaway has bought large stakes in two other North American railroad companies besides Burlington Northern Santa Fe, CNBC's Liz Claman has learned. Berkshire recently acquired a 10.9% stake in Burlington Northern Santa Fe , becoming the railroad company's largest shareholder.
Thomas Wadewitz, transportation analyst at JP Morgan Chase, told CNBC’s “Morning Call” that railroads should be able to increase rates, making the sector attractive to investors.
Sometimes "good news is bad news" -- and vice versa, according to Andrew Burkly, market strategist at Brown Brothers Harriman. He explained his reasoning to CNBC's Melissa Francis -- and also told her why he prefers equities to commodities.Speaking on "Closing Bell," Burkly took the "bad news" -- weaker economic growth -- and pointed out that the slowdown could lead to "one or two" Federal Reserve rate cuts, which would be "good for P/E ratios."