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SmarTrend(R) News Watch: Berkshire Hathaway Raises Stakes in WFC, USB, JNJ and Railroads

May 16, 2009 (SmarTrend(R) News Watch via COMTEX) --

Companies: Burlington Northern Santa Fe Corp. (BNI), Johnson & Johnson (JNJ), U.S. Bancorp (USB), Union Pacific Corp. (UNP), Wells Fargo & Co. (WFC)

Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) said Friday that it had raised its holdings in Wells Fargo (NYSE:WFC), US Bancorp (NYSE:USB) and Johnson & Johnson (NYSE:JNJ). The company bought an additional 12.4 billion shares of Wells Fargo for a 6.5% total stake, 1.5 million shares of US Bancorp for a 3.7% total stake and 3.9 million shares of Johnson & Johnson. Berkshire also bought more of two railroads, including Northern Santa Fe Corp (NYSE:BNI) and Union Pacific Corp (NYSE:UNP).

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News Provided by COMTEX

Companies: Burlington Northern Santa Fe Corp. (BNI), Johnson & Johnson (JNJ), U.S. Bancorp (USB), Union Pacific Corp. (UNP), Wells Fargo & Co. (WFC)


Related terms: market, nyse, railroads, unions

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