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Posted AT 9:04 AM EST on 03/11/09

Why Buffett wants a railway, behind Australia's rate hike

Globe and Mail Update

Behind today's headlines - Stories Report on Business is following: Buffett buys a railroad Warren Buffett's Berkshire Hathaway Inc. struck its biggest deal ever this morning, a $26-billion (U.S.) takeover of Burlington Northern Santa Fe Corp. Why does Mr. Buffett, the Oracle of Omaha, want with a railroad? "It's an all-in wager on the economic future of the United States," he said. "I love these bets.

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