Warren Buffett News: Berkshire Hathaway Inc (BRK.A) sells 2 short-line railroads

Page 1 of 2

BERKSHIRE HATHAWAYBerkshire Hathaway sells 2 short-line railroads (DailyFinance)
Warren Buffett‘s company has sold two short-line railroads it recently discovered it owned to satisfy regulators who might have reviewed Berkshire Hathaway’s 2010 acquisition of the Burlington Northern Santa Fe, LLC (NYSE:BNI) railroad. Berkshire told the Transportation Department’s Surface Transportation Board earlier this month that it had completed the sale of both short-line railroads ahead of schedule. If Berkshire had reported owning those railroads when it bought BNSF, the Surface Transportation Board would have had to scrutinize the deal. Berkshire Hathaway Inc. (NYSE:BRK.A) first disclosed owning the railroads to the Surface Transportation Board in September.

MidAmerican completes 300MW California wind project (NewEnergyWorldNetwork)
MidAmerican Wind, subsidiary of Warren Buffett-owned MidAmerican Renewables, has completed installation of the 300MW Pinyon Pines I and II California project. Developed in two stages known as Alta Wind VII and Alta Wind IX, the facility consists of 100 3MW turbines supplied by Danish manufacturer Vestas. It is supported by a long-term power purchase agreement with Southern California Edison. MidAmerican now has more than 1.25GW of wind plants in operation or under construction.

‘Women Will Save US Economy’, Predicts Billionaire Investor Warren Buffett (BizTechReport)
As fears grow that the United States is preparing to plunge over the ‘fiscal cliff’, billionaire investor Warren Buffett has predicted that women will save the American economy, billionaire investor Warren Buffett has predicted. Buffett, the so-called ‘ Sage of Omaha ‘ said that affording women the same prospects to succeed as men was key to a bright economic future. He said that his is the ‘only thing’ that makes him so optimistic about the future. According to the Telegraph, Buffett’s remarks came during an interview with fellow philanthropist Melinda Gates, with BBC Radio 4.

Billionaire Buffett wrote the book on philantropy (TheRepublic)
I couldn’t wait to get my hands on Tap Dancing to Work, a collection of Fortune writings by and about Warren Buffett that trace the arc of his career from 1966 to the present. Another hat I wear is chairperson of Heritage Fund-The Community Foundation of Bartholomew County, so I was particularly interested to read about Buffett’s philosophy on philanthropy. In June of 2010, Buffett and Bill and Melinda Gates announced the Giving Pledge. It was their effort to convince the richest Americans to gift at least 50 percent of their wealth to philanthropy during their lifetimes or at death. Buffett’s letter announcing his pledge is reprinted in full in the book and at www.givingpledge.org.

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!