Here at the Fool, we've searched high and low across the Web this Tuesday morning to find the biggest news and best stories around. Here are your top five morning reads.
1. Buffett Choo-Choo-Choose's Burlington Northern Santa Fe
In what would be Buffett's largest acquisition ever, Berkshire Hathaway
2. Companies secure a cash hoard
The Wall Street Journal has a report on the increasing level of cash that companies are keeping. While the trend of increasing cash to assets has been rising since the early 90's, there's been a sharp increase as companies have looked to conserve more cash during the crisis. The credit markets freeze and companies race for cash, shocking. (Read more at The Wall Street Journal.)
3. Johnson & Johnson brings out the bone saw
In an effort to further cut costs, Johnson & Johnson
4. Earnings roundup
Some notable earnings from last night and this morning:
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Archer Daniels Midland
(NYSE:ADM) saw results stronger than earlier this year, but still faces steep year-over-year declines. (Read more at Yahoo! Finance) -
Chesapeake Energy
(NYSE:CHK) saw profits and revenue plunge from last year due to declining natural gas prices. Despite revenue falling nearly 76% from last year, the company still managed to eke out a small profit. (Read more at MarketWatch) - UBS was hit by several large charges and posted a loss for the quarter. The company warned of continued weakness in its valuable private banking arm. (Read more at The Wall Street Journal.)
5. Can Citigroup carry on after the crisis?
The New York Times notes that the government has saved institutions known as Citigroup
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