A 60-mile stretch of a key rail line in southwest Washington was vandalized in several places Monday, causing a series of delays.
A small explosive device found near the body of a woman struck and killed by a train may have been left over from the Fourth of July, Seattle police said Thursday.
I'm in my late 20s and would like to invest some money in the market. I've never done it before, though. Where would be a good place to start? -- Clint S., Traverse City, Mich.
Todd Combs, the up-from-obscurity investment manager whom Warren Buffett has made famous simply by hiring him, met just about all of the Berkshire Hathaway brass that he ever needs to a little over a week ago.
A series of powerful storms and tornadoes tears roofs and siding from houses, littering neighborhoods with debris.
At least four tornadoes struck Arizona Wednesday, injuring seven people, derailing a train and damaging more than 100 homes, the National Weather Service said.
At least two tornadoes struck Wednesday near Flagstaff, Arizona, injuring seven people, derailing a train and damaging more than 100 homes, authorities said.
A tornado rips through an RV trailer area near Interstate 40 in Bellemont.
The strawberries on your cereal. Your laptop, cell phone, and TV. The coal that's burned to power them. The car you drive. The roof over your head. We may work in a knowledge economy, but Madonna had it right: We live in a material world.
The economy has made a sharp U-turn in the past couple of months, and better days for American businesses and workers are around the corner.
Value investors are descending on Omaha this weekend for "Woodstock for Capitalists" -- also known as Berkshire Hathaway's annual meeting.
Warren Buffett's Berkshire Hathaway got a rousing introduction to the S&P 500 this month -- though it wasn't quite the most lavish ever.
Warren Buffett's legendary Berkshire Hathaway joined the S&P 500 index after markets closed Friday.
To borrow a tag line from one of Warren Buffett's most well-known companies, buying Berkshire Hathaway is now so easy, even a caveman can do it.
Berkshire Hathaway has been stripped of its top-tier credit rating by Standard & Poors as the conglomerate run by Warren Buffett moves to complete its purchase of railroad operator Burlington Northern Santa Fe Corp.
Sunday, December 13, my pal Phil DeMuth and I flew into an unbelievably cold Omaha to meet and eat the next day with the maestro, Warren E. Buffett. The next day was even colder, but Warren greeted us in his trademark folksy manner at the door to Berkshire Hathaway's old fashioned, but solid, offices in downtown Omaha. I know that space is limited so I will get right to what went on.
Mergers are all the rage in Corporate America again. Healthy companies are looking to take advantage of their strong balance sheets and surging stock prices to strike while the iron is hot.
Stocks struggled Tuesday, ending mixed, as investors mulled improved auto sales, surging commodity prices and Warren Buffett's buyout of railroad Burlington Northern Santa Fe.
Warren Buffett said he's making an "all-in wager on the economic future of the United States" with the purchase of railroad Burlington Northern Santa Fe. Let's hope it's a bet that Buffett wins.
Oil erased earlier losses and gained on Tuesday as investors responded to Warren Buffett's $44 billion investment in U.S. railway operator Burlington Northern Santa Fe.
The dollar rose against rival currencies Tuesday as weakness in global stock markets and concerns about the banking sector boosted demand for the greenback as a safe haven.
Warren Buffett's Berkshire Hathaway said Tuesday it will buy railroad operator Burlington Northern Santa Fe for $44 billion.
Rain or shine, 80-year-old Cookie Williams plops himself on the wooden viewing platform perched over double train tracks.
High energy prices have started to put a dent in corporate profits. But surprisingly, one industry that relies heavily on oil has not been hurt: the railroads. Most of the nation's top railroad companies have chugged along with strong sales and earnings increases in 2008, their results stoked by rising demand for transporting food and coal.
Hazardous materials teams are still cleaning up a toxic chemical spill from a train derailment in Lafayette, Louisiana, on Saturday that forced 3,000 people from their homes.
More than 3,000 people were evacuated in Lafayette, Louisiana, on Saturday after two of six derailed train cars containing highly corrosive hydrochloric acid began leaking, authorities said Saturday.
Derailed train leaking hydrochloric acid prompts evacuations in a Louisiana town. CNN's Alina Cho gets an update from authorities.
Despite overwhelming signs that the economy is now in a recession, some investors are increasingly pondering another 'R' word: Recovery.
Want to invest in a green industry that employs the latest technology, reduces U.S. oil consumption and is priced very attractively? Look no further than the railroads. Laggards for decades after the 19th-century boom ended, they're hot again.
The stock market is in turmoil. Fears of a recession are rising. And experts question whether the Federal Reserve's big interest-rate cuts are enough to save the economy. Does that mean you need to be doing a dozen things right now to protect your investments?
A host of well-known companies are leaving themselves open to shareholder lawsuits because they're not telling investors enough about how much they contribute to global warming or what it might cost them to clean up, according to a recent report.
Recent reports of an ethanol bust may be greatly exaggerated.
Recent reports of an ethanol bust may be greatly exaggerated.
U.S. stock futures were stronger Friday as positive earnings news helped investors push inflation worries aside.
Warren Buffett's interest in railroads certainly isn't waning.
CNNMoney: Stocks gain groundupdated: Thu Sep 20 2007 21:32:00
U.S. stocks took a big step forward at the start of trading Friday, as investors got a lift from some corporate earnings
U.S. stocks were ready to retreat at Wednesday's open as several days of advances may have investors uneasy ahead of some key economic reports.
Small Business Report: friendly skies
Billionaire investor Warren Buffett may boost his stake in railroad company Burlington Northern Santa Fe to 25 percent, according to a filing with the Securities and Exchange Commission.
Berkshire Hathaway Inc., the Warren Buffett investment conglomerate, bought more than 10 million shares of railroad company Burlington Northern Santa Fe Corp. since Thursday, increasing its stake to 14.8 percent, according to regulatory filings.
CNNMoney: Monday's moversupdated: Mon Apr 09 2007 11:37:00
Here are some of Monday's most actively traded stocks:
How do you know that you've hired the wrong employee - or waited too long to fire him? If you find two duffel bags full of semiautomatic weapons under his desk , that's a pretty good sign. No, that's not a hypothetical example, although the small-company CEO who told us the story asked that we not use his name. (We can't say we blame him.)
Money Magazine: 4 blue-chip valuesupdated: Mon Feb 05 2007 18:15:00
The stock market has gained about 15 percent over the past five months. As a result, shares of some of the top-performing companies now look expensive.
Genetic testing can help predict many diseases and one day may help prevent them, but privacy concerns and fears of abuse could derail the technology's potential.
Forecasters were surprised when third-quarter economic growth came in at a weak 1.6%. But so far, at least, corporate profits aren't suffering.
Despite the choppy market over the past week, the Dow Jones industrial average has still rebounded more than 14 percent from this year's lows. Nonetheless, lots of blue-chip growth stocks remain unusually cheap.
It is easy to dismiss railroads as smoke-belching relics you'd only want to buy on a Monopoly board. But look again: Since mid-August, shares of the four big U.S. railroads-Burlington Northern Sant...
Money Magazine: Sivy 70updated: Wed Nov 01 2006 00:01:00
Only one of the stocks in the Sivy 70 suffered a decline of more than 10% in September: Walgreen, the leading drugstore chain, which was hurt by growing competition in generic drugs. By contrast, f...
No man's life, liberty or property are safe while the Legislature is in session, according to a 19th-Century New York State judge. And similar reasoning applies to the stock market: Political gridlock should be better for the economy than an overly energetic government.
High oil prices have been dragging down stocks. And share prices got another kick in the head Monday, when BP announced it would be shutting down the Prudhoe Bay oilfield in Alaska.
A railroad worker who said she was punished on the job after complaining of sexual harassment won a unanimous victory Thursday at the Supreme Court, which upheld a jury award that held her supervisors accountable.
Investor sentiment just keeps getting worse. There are legitimate reasons to be worried these days. But stock prices - particularly for shares of big, high-quality growth companies - look overly depressed.
Burlington Northern Santa Fe ranks no. 171 on this year's list of the FORTUNE 500, with $12,987 million in revenues, up 18.6% from the previous year. The Fort Worth, Texas-based company was ranked no. 200 on the 2005 list. Its 2005 profits were $1,531 million, up 93.6% from a year earlier.
In Washington, the revolving door usually leads lawmakers to become lobbyists so they can cash in on their connections. But in some cases, it spins all the way around; creating a rare circumstance in which a lawmaker turns lobbyist turns lawmaker.
Money Magazine: Wall Streetupdated: Sun May 01 2005 00:01:00
MARKET PERFORMANCE
The Sivy 70 is a list of key companies suitable for conservative long-term growth investors. I review the list periodically to make sure that the stocks' long-term prospects still meet the criteria for inclusion.
Engineer Mike Spink sits in the lead locomotive of his 127-car Burlington Northern Santa Fe freight train, hauling 18,158 tons of low-sulfur coal from Wyoming's Powder River Basin across the Texas ...
Back when the economy was perking along, the term "supply chain" was usually accompanied by a reference to some computer program touted as the way to "automate all aspects of global logistics." Far...
Like many a fad, the Internet has succumbed to the law of journalistic physics--we boosted it on the way up, now we badmouth it on the way down. How we swooned in 1998! The Net! The Net! It would c...
Money Magazine: The Global Thinkerupdated: Mon Jun 01 1998 00:01:00
When it comes to taking on the world, Gary Brinson has few equals. His pioneering mid-1980s research on asset allocation transformed the way large institutions deploy their money. In 1992, the form...
Money Magazine: Bigger Is Betterupdated: Wed Apr 01 1998 00:01:00
The wave of mergers sweeping Wall Street today is fundamentally different from the mania of the 1980s. And the potential payoffs are far greater. But to cash in on the boom, individual investors wi...
What do you want most in the world? I don't mean in your personal life, I mean in your role as a business titan out there every day battling the forces of evil in your industry. My guess is that if...
THIS MONTH: --Winners and sinners of '96 --A hot real estate fund earns 27.5%.
Just a few weeks ago John Snow, CEO of CSX, was suggesting that it was a lousy time for anyone to be doing a merger in the rail industry. So it was a shock to Wall Street, customers, and competitor...
The dark side of the U.S. stock market's 12% surge since Jan. 1 is that it's getting increasingly difficult to find reasonably priced stocks. We've got some advice for you. For now, at least, forge...
Fund manager Bing Carlin is in a bind that's the envy of his peers. In recent months, even as stocks retreated from record heights, investors showered $1 million a day on his IAI Regional (no load;...
FROM THE BLACK coal trains sliding like pythons through the Appalachian foothills to double-stack convoys speeding just-in-time cargoes from Chicago to Los Angeles, America's railroads are bound fo...
Streamlined from downsizing and well oiled with earnings, railroads steamed into 1989. But investors should think twice before getting on board. While several newly restructured lines look promisin...
''Hopelessly old-fashioned'' is how money manager Florence Fearrington describes her style: ''We don't trade much; the phones don't ring off the hook.'' The 52-year-old president of the Wall Street...
'Tis the season to be bearish? In mid-December the stock market, as measured by the Dow Jones industrials, was up a modest 11% since January, while Standard & Poor's 500-stock index had risen a sli...
Like households, companies often find they have accumulated a lot of odds and ends -- divisions that are valuable but no longer compatible with their main business. Sometimes corporations spin off ...
In the past 12 months, as most of the rest of the market has cannonballed forward, railroad stocks have chugged ahead only 3%. Now, security analysts say, they are poised to really move. If the eco...
Now that Santa's come and gone, another jolly Joe may soon be tumbling down your chimney -- a commission-hungry broker with a satchel full of hot stocks and a sales pitch for each. The broker's spi...
Fortune: PEOPLE TO WATCH updated: Mon Oct 13 1986 00:01:00
Joseph W. Brown Jr. Jay Brown might have remained a truck driver had he not smashed his hand through a window at home, injuring it badly. While he was grounded he turned to more cerebral pursuits, ...
Mason Hawkins was barely out of business school when he and three friends pooled their modest resources in 1975 to form Memphis-based Southeastern Asset Management Inc. The investment advisory firm...
Banks are winning new respect as money managers. A recent study by CDA Investment Technologies, an investment research firm in Silver Spring, Maryland, concluded that bank portfolio managers outper...
Coastal Corp. and American Natural Resources locked horns in a takeover battle when Coastal, a natural gas pipeline company based in Houston, offered $2.2 billion to take over ANR, another pipeline...
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