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Berkshire reports lower stakes in 2 railroads

NEW YORK
Mon Oct 15, 2007 7:01pm EDT
In this file photo Rick Stanics poses in front of a Union Pacific locomotive in a rail yard in West Chicago August 11, 2006. Warren Buffett's Berkshire Hathaway Inc, which has accumulated a 17.2 percent stake in Burlington Northern Santa Fe Corp., reported on Monday it reduced stakes in two other railroads -- Norfolk Southern Corp and Union Pacific Corp. REUTERS/Stephen J. Carrera

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NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc (BRKa.N)(BRKb.N), which has accumulated a 17.2 percent stake in Burlington Northern Santa Fe Corp (BNI.N), reported on Monday it reduced stakes in two other railroads -- Norfolk Southern Corp (NSC.N) and Union Pacific Corp (UNP.N).

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In a regulatory filing, Berkshire reported a stake of 3.76 million shares in Norfolk Southern as of June 30, down from 6.36 million shares on March 31.

It also reported a stake of 7.41 million shares in Union Pacific as of June 30, down from 10.51 million shares March 31.

(Reporting by Jonathan Stempel, editing by Jeffrey Benkoe)
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