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Article: United states : Buffett makes $34 billion bet on railroad.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: shiv03
Warren Buffett leads a simple life. But when the revered business legend buys a train set, it s a $34 billion mega-deal.
Coming along just as the economy has begun to recover, Buffett s bid on Tuesday to buy the Burlington Northern Santa Fe Corp. amounts to an all-in wager on the economic future of the United States, the CEO of Berkshire Hathaway Inc. said in an announcement.
I love these bets.
One of the world s richest men, Buffett increasingly has been sharing his affections for American investments, including a personal essay in The New York Times about a year ago.
He heralded a $5 billion investment in ...
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