Topic: Freight Railroads
S&P cuts Berkshire's rating, cites Burlington deal
AP News
<div id="subtitle">S&amp;P lowers Berkshire Hathaway's 'AAA' rating, citing effects from Burlington Northern purchase</div><div><p>Standard &amp; Poor's has followed through on its warning and lowered Berkshire Hathaway Inc.'s long-term credit rating ...
Berkshire to issue $8B of debt for BNSF purchase
AP News
<div id="subtitle">Berkshire Hathaway to borrow $8 billion to finance Burlington Northern deal</div><div><p>Berkshire Hathaway Inc. filed documents Thursday indicating plans to sell $8 billion of debt to finance the acquisition of railroad Burlington Northern Sante Fe Corp ...
Sector Snap: Railroad stocks mixed
AP News
<div id="subtitle">Railroad stocks mixed as broader market declines on weak economic reports</div><div><p>Shares of major U.S. freight railroads were mixed Thursday, as Kansas City Southern reported a smaller fourth-quarter profit and weak economic reports dragged down ...
Norfolk Southern 4Q profit falls 32 percent
AP News
<div id="subtitle">Norfolk Southern 4th-qtr profit falls 32 percent, despite signs of 'economic momentum'</div><div><p>Railroad operator Norfolk Southern Corp. said Wednesday "economic momentum" continued in the last three months of 2009, but not enough to prevent a steep ...
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