Tag Archives: stock

44D’s Photo Diaries: America During the Years 1935 thru 1939

Posted by: Betsmeier


Sometimes we all need a reminder…and we think we’ve got it bad?? These photos make our: complaining about no cell service, high gasoline prices, and not enough cable channels…well, it all seems a bit ludicrous… Today I’m reminded to be grateful for what I do have…how about you? 🙂

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Berkshire Buying Burlington Northern Railroad

posted by GeoT

“An Investemnt in the Future of America”

Geo T Note: This is a play on railroads becoming the “green” mode of commercial transport, supplanting trucking. The near future will see new track laid and faster more efficient shipping methods developed…

Nov. 3 (Bloomberg) — Berkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. in the company’s biggest takeover under Warren Buffett.

Warren Buffett

Buffett’s firm will buy the 77.4 percent of the railroad it doesn’t already own for $100 a share in cash and stock, valuing the transaction at about $44 billion, including $10 billion in outstanding debt, Omaha, Nebraska-based Berkshire said in a statement today distributed by Business Wire. That compares with the railroad’s closing price yesterday of $76.07.

“It’s an all-in wager on the economic future of the United States,” Buffett said in the statement.

Berkshire has been building a stake in the Fort Worth, Texas-based railroad for more than two years as Buffett looked for what he called an “elephant”-sized acquisition in which he could deploy his company’s cash hoard, valued at more than $24 billion as of the end of June. Trains stand to become more competitive against trucks with fuel prices high, he has said.

“As oil prices go up, higher diesel fuel raises costs for rails, but it raises costs for its competitors, truckers, roughly by a factor of four,” Buffett told shareholders in 2007 at his company’s annual meeting. “There could be a lot more business there than there was in the past.”

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Insurance Stocks Plunged As Reid Announced Public Option, Spiked After Lierberman Vowed to Filibuster It

Posted by Audiegrl

harry reid and joe liebermanThinkProgress/Zaid Jilani—Yesterday, Senate Majority Leader Harry Reid (D-NV) announced that he would be including a version of the public option (with a state opt-out provision) in the Senate’s final health care bill. Although all of the details of the public plan are yet to be determined, progressives cheered the move. As Sen. Dick Durbin (D-IL) admitted, without all the pressure that progressives in and out of Congress put on legislators, it is unlikely there would have been a public option included in Reid’s final bill.

Yet this afternoon, Sen. Joe Lieberman (I-CT) broke with the Democratic caucus that he is a member of and vowed to join a Republican-led filibuster if the public option is not removed from the bill. In response, insurance company stocks — which plummeted Monday as Reid made his announcement — shot up after Lieberman made his announcement around 1:30 pm

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