Warren Buffett's company will sell its stakes in Union Pacific and Norfolk Southern railroads before it completes its $26.3 billion acquisition of Burlington Northern Santa Fe railroad.

Warren Buffett's Berkshire Hathaway Friday said third quarter net income tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.

By Jonathan Stempel and Lilla Zuill

Fitch Ratings said Thursday it may cut its ratings on Warren Buffett's Berkshire Hathaway on concerns about the effect its planned acquisition of Burlington Northern Santa Fe will have on its asset profile and capitalization.

In a Nov. 3 story about Warren Buffett's plan to acquire Burlington Northern, The Associated Press reported erroneously that Berkshire will pay $34 billion in cash and stock for Burlington. Berkshire will pay $23.6 billion in cash and stock for the shares of the company it doesn't already own. The total value of the company is $34 billion.

In a Nov. 4 story, The Associated Press reported that the total value of Berkshire Hathaway's planned purchase of Burlington Northern Santa Fe Corp. was $34 billion. The story should have specified that Berkshire has agreed to pay $26.3 billion in cash and stock for the 77.4 percent of the company it doesn't now own, valuing the entire company at $34 billion.

Warren Buffett's Berkshire Hathaway has joined Goldman Sachs Group in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter.

Warren Buffett's Berkshire Hathaway has joined Goldman Sachs Group in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter.

Billionaire Warren Buffett decided he did not need investment bankers when he negotiated his rapid takeover of Burlington Northern Santa Fe Corp.

Billionaire Warren Buffett decided he did not need investment bankers when he negotiated his rapid takeover of Burlington Northern Santa Fe Corp.

Billionaire Warren Buffett decided he did not need investment bankers when he negotiated his rapid takeover of Burlington Northern Santa Fe Corp.

As CEO and primary shareholder of Berkshire Hathaway (BRK), Warren Buffett, the world's most famous investor, has developed a well-known reputation of buying big stakes in companies he believes in. When Buffett buys shares of a company for BRK, the markets translate his moves as a vote of confidence for a firm's continued success. Although Berkshire Hathaway's holdings change, the company's most recent SEC filings* reveal where the Oracle of Omaha is most heavily invested. Here are the 15 publicly traded stocks, by value, that are the biggest holdings of Berkshire Hathaway.

The news that Warren Buffett's company is buying the nation's second-largest railroad boosted shares of the companies that make railcars, too.

If you always wanted to invest alongside Warren Buffett, but found it too expensive, you now have your chance.

From corn to coal, more than 40 percent of the freight hauled throughout the United States is handled by rail. The top four carriers are Union Pacific Corp, Burlington Northern Santa Fe Corp, CSX Corp, and Norfolk Southern Corp.