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	<title>EmploymentSpectator &#187; acquisitions</title>
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		<title>Berkshire Hathaway Buying Burlington Northern Railroad</title>
		<link>http://www.employmentspectator.com/2009/11/berkshire-hathaway-buying-burlington-northern-railroad/</link>
		<comments>http://www.employmentspectator.com/2009/11/berkshire-hathaway-buying-burlington-northern-railroad/#comments</comments>
		<pubDate>Tue, 03 Nov 2009 16:13:06 +0000</pubDate>
		<dc:creator>joshua</dc:creator>
				<category><![CDATA[Economy]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Trends]]></category>
		<category><![CDATA[acquisitions]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[bulk transport]]></category>
		<category><![CDATA[burlington northern railroad]]></category>
		<category><![CDATA[consumer goods]]></category>
		<category><![CDATA[economic investment]]></category>
		<category><![CDATA[economic recovery]]></category>
		<category><![CDATA[rail industry]]></category>
		<category><![CDATA[transportation industry]]></category>
		<category><![CDATA[transportation jobs]]></category>
		<category><![CDATA[warren buffet]]></category>

		<guid isPermaLink="false">http://www.employmentspectator.com/?p=13959</guid>
		<description><![CDATA[Warren Buffet&#8217;s Berkshire Hathaway is poised to spend $34 Billion to buy out Burlington Northern Railroad, making it the company&#8217;s largest ever acquisition.  The deal has been approved by the board of directors of both companies, but will still have to clear a 2/3rds vote of Burlington&#8217;s shareholders and antitrust laws.
There is no news [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.employmentspectator.com/wp-content/uploads/2009/03/berkshirehathaway_160x120.jpg"><img class="alignright size-full wp-image-5074" title="berkshirehathaway_160x120" src="http://www.employmentspectator.com/wp-content/uploads/2009/03/berkshirehathaway_160x120.jpg" alt="berkshirehathaway_160x120" width="160" height="120" /></a>Warren Buffet&#8217;s Berkshire Hathaway is poised to spend $34 Billion to buy out Burlington Northern Railroad, making it the company&#8217;s largest ever acquisition.  The deal has been approved by the board of directors of both companies, but will still have to clear a 2/3rds vote of Burlington&#8217;s shareholders and antitrust laws.</p>
<p>There is no news yet of how this will effect Burlington employees, but Buffet is making a huge bet on the American economy.  Burlington is the nation&#8217;s biggest hauler of bulk food items like corn and coal for electricity, as well as being a major shipper of consumer goods from the nations ports.  Buying Burlington is betting that there will be a steady market for these goods, and that will only happen if the job market picks up again.</p>

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