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...A version of this article was first published by Nikkei Asia on February 7. ©2024 Nikkei Inc. All rights reserved....
...There were, he said, few deals that offered the kind of transformative impact past takeovers have had, such as its purchases of insurers Geico and National Indemnity or the BNSF railroad....
...The sprawling conglomerate is now worth more than $780bn, with stakes in Apple, Coca-Cola and Bank of America as well as ownership of the BNSF railroad and Geico insurer....
...The purchase of the railroad operator will enable Canadian Pacific to launch the first rail network spanning Canada, the US and Mexico....
...Last week the US central bank lifted rates to between 3.75 and 4 per cent, up from near zero at the year’s start, and traders expect that rate to top 5 per cent next year....
...A version of this article was first published by Nikkei Asia on June 8, 2022. ©2022 Nikkei Inc. All rights reserved....
...When Charles Dow in 1884 created the inaugural version of the famous indices that bear his name it consisted of nine railroad stocks, a steamship company and Western Union....
...Negative rates were introduced in the eurozone in 2014 and Japan in 2016; the UK’s central bank said during the summer they were “under active review”....
...Its takeover of the Burlington Northern railroad was agreed in late 2009. A $5bn investment in Bank of America did not come until two years later....
...Steel, Anaconda Copper Mining Company and the New York Central Railroad Company....
...His early career was spent as a railroad analyst, which required laborious hours of data inputting and painstaking manual calculations in the days before computers were widely adopted....
...He later advocated a transcontinental railroad to speed up commerce and shorten the mail service to 10 days....
...Central banks It seems increasingly likely that US central bankers will turn their sights to a possible interest-rate increase in December....
...But as March approaches — ahead of crucial central bank meetings in the US and Europe — key market sectors have bounced off their lows recorded earlier this month, fanning hope of a turning point....
...The delegation of authority to Mr Combs and Mr Weschler partly reflects how Berkshire’s investment portfolio has become less central to the company, and to Mr Buffett’s role as chief executive....
...That’s a bigger rally than the (real-life) analysts at BCA Research Inc expected....
...Central to his investment approach is an awareness of risk and he assesses companies on the basis of three risk factors: business, financial and price....
...companies such as the Union Pacific and the Central Pacific, along whose original tracks he’d walked in Utah in 1994....
...Protracted rail shipping delays have led to deep discounts for grain prices in the north central US, weeks before a huge harvest is expected to put the transport network under new stress....
...While the bill still must clear the Senate, it would require concession-holders, including Kansas City Southern and Grupo Mexico’s Ferromex and Ferrosur railroads, to open their systems and publish prices...
...of three serious incidents since May affecting Metro-North, the division of New York State’s Metropolitan Transportation Authority that runs services from the commuter towns north of the city into Grand Central...
...The disaster was one of the worst ever on a North American railroad not involving a passenger train....
...A railroad was a railroad, a brewery was a brewery, and these plants had no alternative uses. But now capital is much more fungible....
...The Trinity Railway Express, inaugurated in 1996, carries about 8,000 commuters a day along a route linking Dallas and Fort Worth, the two main cities in central Texas....
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