burlington northern

Warren Buffett Buys A RAILROAD? Berkshire Hathaway Acquires Burlington Northern Railroad
Making a $34 billions bet on the future of the U.S. economy, Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp. "Berkshire's $34 billion investment in BNSF is a huge bet on that company, CEO Matt Rose and his team, and the railroad industry," Buffett said in a statement.

"Most important of all, however, it's an all-in wager on the economic future of the United States. I love these bets," he said.

Berkshire Hathaway already owns about 22 percent of Burlington Northern, and said it will pay $100 a share in cash and stock for the rest of the company, a 31.5 percent premium on Burlington Northern's Monday closing price. Shareholders have the option to convert their stock for a cash payment of $100 per share or receive Berkshire Class A or Class B common stock. Up to 60 percent of the deal is cash and 40 percent is in stock.

The majority of the stock in the deal will be Berkshire's "A" shares, but Berkshire's board also approved a 50-for-1 split of its Class B common stock for holders of smaller amounts of Burlington shares who opt for a share exchange rather than cash. Berkshire's Class B shares closed Monday at $3,265. With the split, each share will be worth $65.30. Burlington shares closed Monday at $76.07. Burlington shares shot up $21.56, or 28.4 percent, to $97.63 in morning trading. Shares of other major rails rose as well.

The deal has been approved by the boards of both companies. It would be the biggest acquisition ever for Berkshire Hathaway Inc.

Berkshire also owns MidAmerican Energy Holdings, which controls power companies in the Midwest and Pacific Northwest. The railroad could be a strategic acquisition because its tracks run right through both regions, a major coal supply route for power plants.

The chairman of MidAmerican Energy has come out vocally against climate change legislation which targets coal-fired power plants.

Burlington Northern Santa Fe is the country's second-largest railroad with a market capitalization – the market value of the company's outstanding shares – of about $25.9 billion.

Last month the company reported third-quarter profit dropped 30 percent to $488 million, or $1.42 per share, as people continued to hold back on purchasing goods from stores and industrial production continued to struggle.

More news: Click here

burlington northern

Warren Buffett Buys A RAILROAD? Berkshire Hathaway Acquires Burlington Northern Railroad
Making a $34 billions bet on the future of the U.S. economy, Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp. "Berkshire's $34 billion investment in BNSF is a huge bet on that company, CEO Matt Rose and his team, and the railroad industry," Buffett said in a statement.

"Most important of all, however, it's an all-in wager on the economic future of the United States. I love these bets," he said.

Berkshire Hathaway already owns about 22 percent of Burlington Northern, and said it will pay $100 a share in cash and stock for the rest of the company, a 31.5 percent premium on Burlington Northern's Monday closing price. Shareholders have the option to convert their stock for a cash payment of $100 per share or receive Berkshire Class A or Class B common stock. Up to 60 percent of the deal is cash and 40 percent is in stock.

The majority of the stock in the deal will be Berkshire's "A" shares, but Berkshire's board also approved a 50-for-1 split of its Class B common stock for holders of smaller amounts of Burlington shares who opt for a share exchange rather than cash. Berkshire's Class B shares closed Monday at $3,265. With the split, each share will be worth $65.30. Burlington shares closed Monday at $76.07. Burlington shares shot up $21.56, or 28.4 percent, to $97.63 in morning trading. Shares of other major rails rose as well.

The deal has been approved by the boards of both companies. It would be the biggest acquisition ever for Berkshire Hathaway Inc.

Berkshire also owns MidAmerican Energy Holdings, which controls power companies in the Midwest and Pacific Northwest. The railroad could be a strategic acquisition because its tracks run right through both regions, a major coal supply route for power plants.

The chairman of MidAmerican Energy has come out vocally against climate change legislation which targets coal-fired power plants.

Burlington Northern Santa Fe is the country's second-largest railroad with a market capitalization – the market value of the company's outstanding shares – of about $25.9 billion.

Last month the company reported third-quarter profit dropped 30 percent to $488 million, or $1.42 per share, as people continued to hold back on purchasing goods from stores and industrial production continued to struggle.

More news: Click here

burlington northern

Warren Buffett Buys A RAILROAD? Berkshire Hathaway Acquires Burlington Northern Railroad
Making a $34 billions bet on the future of the U.S. economy, Warren Buffett's Berkshire Hathaway Inc. on Tuesday agreed to buy Burlington Northern Santa Fe Corp. "Berkshire's $34 billion investment in BNSF is a huge bet on that company, CEO Matt Rose and his team, and the railroad industry," Buffett said in a statement.

"Most important of all, however, it's an all-in wager on the economic future of the United States. I love these bets," he said.

Berkshire Hathaway already owns about 22 percent of Burlington Northern, and said it will pay $100 a share in cash and stock for the rest of the company, a 31.5 percent premium on Burlington Northern's Monday closing price. Shareholders have the option to convert their stock for a cash payment of $100 per share or receive Berkshire Class A or Class B common stock. Up to 60 percent of the deal is cash and 40 percent is in stock.

The majority of the stock in the deal will be Berkshire's "A" shares, but Berkshire's board also approved a 50-for-1 split of its Class B common stock for holders of smaller amounts of Burlington shares who opt for a share exchange rather than cash. Berkshire's Class B shares closed Monday at $3,265. With the split, each share will be worth $65.30. Burlington shares closed Monday at $76.07. Burlington shares shot up $21.56, or 28.4 percent, to $97.63 in morning trading. Shares of other major rails rose as well.

The deal has been approved by the boards of both companies. It would be the biggest acquisition ever for Berkshire Hathaway Inc.

Berkshire also owns MidAmerican Energy Holdings, which controls power companies in the Midwest and Pacific Northwest. The railroad could be a strategic acquisition because its tracks run right through both regions, a major coal supply route for power plants.

The chairman of MidAmerican Energy has come out vocally against climate change legislation which targets coal-fired power plants.

Burlington Northern Santa Fe is the country's second-largest railroad with a market capitalization – the market value of the company's outstanding shares – of about $25.9 billion.

Last month the company reported third-quarter profit dropped 30 percent to $488 million, or $1.42 per share, as people continued to hold back on purchasing goods from stores and industrial production continued to struggle.

More news: Click here

election day november 2009

By Meena Kar Nov 3rd. The early voting for the Utah election had concluded on 30th October 2009. People who did not cast their vote in the early elections would come to vote on 3rd November 2009. On the municipal election day 2009, people of Utah would have to cast and select the suitable candidate. As stated by the sources, three points were brought for the Utah election and it is expected, the new mayor would take care of it.

The first issue was for the public safety building of Salt Lake City. It has been reported by the sources that people were asked to cast vote for supporting the 125 million dollar bond needed to construct a building for public safety administration. Sources also stated that this would increase the property taxes of people.

For more detail: Click here

election day november 2009

By Meena Kar Nov 3rd. The early voting for the Utah election had concluded on 30th October 2009. People who did not cast their vote in the early elections would come to vote on 3rd November 2009. On the municipal election day 2009, people of Utah would have to cast and select the suitable candidate. As stated by the sources, three points were brought for the Utah election and it is expected, the new mayor would take care of it.

The first issue was for the public safety building of Salt Lake City. It has been reported by the sources that people were asked to cast vote for supporting the 125 million dollar bond needed to construct a building for public safety administration. Sources also stated that this would increase the property taxes of people.

For more detail: Click here

election day november 2009

By Meena Kar Nov 3rd. The early voting for the Utah election had concluded on 30th October 2009. People who did not cast their vote in the early elections would come to vote on 3rd November 2009. On the municipal election day 2009, people of Utah would have to cast and select the suitable candidate. As stated by the sources, three points were brought for the Utah election and it is expected, the new mayor would take care of it.

The first issue was for the public safety building of Salt Lake City. It has been reported by the sources that people were asked to cast vote for supporting the 125 million dollar bond needed to construct a building for public safety administration. Sources also stated that this would increase the property taxes of people.

For more detail: Click here

brandon spikes eye gouging

Brandon Spikes’ Eye Gouge Against Georgia

Florida- It was a splendid match to watch Florida Gators won by 41-17 beating their arch rival Georgia on Sunday. The game has already gained recognition as Florida’s best victory ever. Its always exciting to see Florida Gators and Georgia Bulldogs facing with each other. The Sunday game was an electrifying one including controversy of Brandon Spikes’ eye gouging.

During Florida’s 17th win against Georgia on Sunday, a video caught linebacker Brandon Spikes busy in a foul play and his eye gouge was recorded. Annoyed with this event Florida Coach Urban Meyer had some serious post-game talk with the linebacker.

Eye-gouging is the act of pressing or tearing the eye of opponent using the fingers, other body parts, or instruments. Eye-gouging involves a very high risk of eye injury, such as permanent eye loss. It is disallowed in combat sports and anyone found practicing this nasty work signifies lack of sportsmanship.

Florida Gators and Georgia had a breath-taking game on Sunday. Gators were victorious on as many as 16 occasions, prior to this game. This may be the reason behind Gators’s overenthusiam with yet another victory whereas the Georgians were also playing desperately to win the game. The things went wrong several times during the game.

The umpires were forced to impose penalties on various accounts such as verbal altercations, lack of sportsmanship, unnecessary rush of blood and even physical encounters between the players.

During the Florida-Georgia game, Brandon Spikes appeared to gouge the eyes of Georgia’s Washaun Ealey and poked his hand inside Ealey’s helmet,after making a tackle.

Meanwhile Florida team coach Urban Meyer’s had reassured the game fans that he would do his best to find out what exactly happened. Brandon Spikes is considered as a”very emotional player”. One of the best linebackers of Florida has not yet been punished for the event , but if proved he can get a suspension.