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Buffett bets $26b on US railway recovery

China Daily | Updated: 2009-11-05 08:45

Buffett bets $26b on US railway recovery

A Burlington Northern Santa Fe train at a depot in Fort Worth, Texas. Bloomberg News

NEW YORK: Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out Burlington Northern Santa Fe Corp in a bet the nation's largest rail company will benefit from a recovering US economy.

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