In a surprise move this morning, Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.a) (NYSE: BRK.B) has agreed to purchase Burlington Northern Santa Fe Corp. (NYSE: BNI) for a price tag of $44 billion, including $10 billion of outstanding BNSF debt. This is the largest acquisition ever by Buffet’s company. Berkshire Hathaway will pay...

Black & Decker (NYSE: BDK) 21.2% HIGHER; Stanley Works has agreed to acquired Black & Decker in a merger that will create an $8.4 billion global industrial leader in an all-stock transaction valued at $4.5 billion. The merger has caused a 20 percent jump in the stock price for Black & Decker in the after-hours market. Click here for the...

CIT (NYSE: CIT) 63.3% LOWER; As expected, over the weekend, CIT announced that, with the overwhelming support of its debtholders, the Board of Directors voted to proceed with the prepackaged bankruptcy plan. Click here for the full report. YRC Worldwide Inc. (Nasdaq: YRCW) 54.7% LOWER; today announced that it intends to launch an exchange offer thi...

The Trading Radar highlights key earnings and economic announcements for tomorrow’s trading session: Before Market Opens: Earnings: Acorda Therapeutics (NASDAQ: ACOR) – consensus losss $0.59 Allis-Chalmers Energy Inc. (NYSE: ALY) – consensus loss $0.13 Alpha Natural Resources, Inc. (NYSE: ANR) – consensus EPS $0.38 American Tower Corp. ...

Markets are growing increasingly nervous ahead of key policy meetings, writes Michael Mackenzie ...

Randgold Resources defied the weak market trend and outperformed its peers in the mining sector as the price of gold hit a record high ...

Eurofirst 300 at four-week low as continuing losses at UBS and fresh recapitalisation plans for UK banks unnerve the wider European financial sector ...

Wall Street edged lower in spite of a significant deal in the railroad industry by Warren Buffett’s Berkshire Hathaway as concerns about the banking sector lingered ...

A UK minister’s comments expose conflicts, between market participants and the corporate world, writes David Oakley ...

Concerns about the banking sector and uncertainty over the outlook for global monetary policy drove most of the region’s equity markets lower ...