Berkshire buys Burlington Northern for $44 bln

Date: Tue, 03 Nov 2009 12:01:04 -0500

Berkshire buys Burlington Northern for $44 bln

Warren Buffett's Berkshire Hathaway says it's spending $44 billion to buy out
railroad firm Burlington Northern Santa Fe, sealing the biggest acquisition in
the company's history.

BLACK & DECKER SOARS ON STANLEY WORKS DEAL

Shares of Black & Decker Corp. jumped 23% in premarket trading Tuesday, a day
after news that the tool maker will be acquired by Stanley Works in a $4.5
billion all-stock deal.

TUESDAY'S BIGGEST GAINING AND DECLINING STOCKS

Black & Decker, Burlington Northern Santa Fe and UBS are all making notable
moves in the U.S. stock market.

NO WINKS OR NODS ABOUT RATE HIKES THIS WEEK

The Federal Reserve will not give the market any hints, winks or nods about its
battle plan for pushing interest rates higher after their meeting concludes
Wednesday, economists say.

IS RESEARCH IN MOTION NOW TOO CHEAP?

Research In Motion has shed more than one-third of its market value over the
last month, as investors worry its ability to compete with new smartphones. But
analysts now say the price for RIM shares is finally right.