Richest Man in the World

Could Matthew K. Rose now be on the short list of candidates to possibly succeed Warren Buffett as the operations head of Berkshire Hathaway? Let the speculation begin. Rose, 49, has been chairman, president and CEO of Burlington Northern Santa Fe ...  

NEW YORK - Legendary US investor Warren Buffett has spent a record $44 billion buying an American rail freight company, in the largest transaction in the history of his Berkshire Hathaway holding company. The purchase of the Burlington Northern Santa ...  

The American railroad produced the nation's original corporate capitalists—the ones we call tycoons, moguls, or robber barons. The first and greatest was "Commodore" Cornelius Vanderbilt, who amassed the New York Central system between New York and ...  

Warren Buffett, folk hero of American capitalism. WARREN Buffett, who last year was proclaimed to be the richest man on Earth, has now agreed to buy the Burlington Northern Santa Fe, the principal railroad connecting Puget Sound ports to Chicago. We ...  

The G20 Finance Ministers and Central Bank governors are meeting today in St. Andrews , talking about the data they will need to look at in order to monitor each other’s economic performance and sustain growth (seriously). The underlying idea is ...  

Berkshire Hathaway Inc.'s planned 50-for-1 stock split will put its Class B shares within reach of investors Warren Buffett once called an "inferior" class. The proposed split, announced last week as part of Berkshire's $26 billion takeover of ...  

NEW YORK (AP) — Warren Buffett's Berkshire Hathaway Inc. is sending a plan to split the iconic company's Class B shares to a shareholder vote as part of its plan to buy the Burlington Northern Santa Fe Corp. Holders of the relatively low-cost ...  

NEW YORK — The biggest name in investing is making what he calls an “all-in wager” on the U.S. economy — $34 billion to own a railroad that hauls everything from corn to cars across the country. The acquisition of Burlington Northern Santa Fe ...  

Burlington Northern Santa Fe Corp.'s board pressed Warren Buffett to raise his $100-per-share bid for the railroad company, but the Berkshire Hathaway CEO declined to do so, The Wall Street Journal reports today . The Burlington board held a ...