Buffett makes major bet on economy with purchase of railroad
Warren Buffett's Berkshire Hathaway has agreed to acquire the 77% of Burlington Northern Santa Fe that it didn't already own for $26.3 billion. The deal reflects Buffett's long-term optimistic outlook for the economy. He said the deal is "not a bet on next month or next year. We're going to own it forever."
Wall Street Journal, The | 11/04
This story published in CPA Letter Daily on 11/04/2009
More from SmartBrief:
Buffett carefully shifts Berkshire from stocks to bonds
Tuesday, September 8, 2009
Meet the man behind Warren Buffett
Tuesday, July 14, 2009
Berkshire Hathaway: The credit crunch has eased
Monday, November 9, 2009
Get stories like these delivered daily for FREE:
|
CPA Letter Daily
Designed specifically for CPAs and those who work within the accounting profession, CPA Letter Daily is a FREE daily e-mail newsletter from the AICPA. It is the resource CPAs count on for breaking professional news. Learn more |
|