Warren Buffett's Berkshire Hathaway did its biggest deal ever today, buying the rest of Burlington Northern Sante Fe that it doesn't already down. It's a nice 31% premium to BNI's stock price.
While Buffett said he's making an "all-in wager on America" and its economy with the deal, he may also be making a big bet on coal.
Despite being villified by the 'green' side of the energy ... read more
The President today outlined more steps to decrease fossil fuel usage in America. One of his recommendations was greater use of CFL bulbs for household lighting, replacing the older, less energy efficient incandescent bulbs.
For what it's worth I have already done this in my home with most lights, though only those that are not in places where I read because I have found the light ... read more
Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block.
Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.
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November 3, 2009 09:16 AM EST
Warren Buffett's Big Bet on Coal
Warren Buffett's Berkshire Hathaway did its biggest deal ever today, buying the rest of Burlington Northern Sante Fe that it doesn't already down. It's a nice 31% premium to BNI's stock price. While Buffett said he's making an "all-in wager on America" and its economy with the deal, he may also be making a big bet on coal. Despite being villified by the 'green' side of the energy ... read more
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