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  • Berkshire Hathaway buys 2 small Virginia newspapers Tuesday, 31 Mar 2015 | 9:58 AM ET

    OMAHA, Neb.— Warren Buffett's company has added two small Virginia newspapers to its collection of more than two dozen small and medium-sized newspapers. Berkshire Hathaway Media Group said Tuesday that it had acquired The Martinsville Bulletin in Martinsville and the Franklin News-Post in Rocky Mount from Haskell Newspapers. Berkshire Hathaway owns 31...

  • OMAHA, Nebraska— BNSF has started taking additional safety measures for crude oil shipments because of four recent high-profile derailments in the U.S. and Canada, the railroad said Monday. The worst of these crude oil derailments happened July 6, 2013, and involved a runaway train that killed 47 people in the town of Lac-Megantic, Quebec, just across the U.S.-...

  • OMAHA, Neb.— The smell of Cuban coffee drifts from the kitchen as Carolyn Chester digs through photos, faded with age, that fill four boxes spread across the dining table. "I always heard about Cuba... and all this money that we lost and' Maybe one day,' but I didn't understand it." Soon after Fidel Castro won control of Cuba in 1959, his government began confiscating the...

  • LINCOLN, Neb.— Nebraska's preliminary unemployment rate of 2.7 percent last month was the lowest in the country, a state report showed Friday. The Nebraska Labor Department report said the February rate was seven-tenths of a point under the February 2014 rate of 3.4 percent and remained well under the new national average rate of 5.5 percent.

  • OMAHA, Neb.— ConAgra Foods Inc. moved to a loss in its fiscal third quarter because of a hefty impairment charge, but its adjusted profit beat analysts' expectations. The Omaha, Nebraska- based company lost $954.1 million, or $2.23 per share, for the period ended Feb. 22. ConAgra Foods posted revenue of $3.88 billion in the period, meeting Wall Street forecasts.

  • Heinz Co, which is controlled by 3 G Capital and Buffett's Berkshire Hathaway. His larder already included everything from Burger King's Triple Whopper burgers, Coca-Cola soft drinks and Tim Horton donuts to See's Candies and Dairy Queen icecream Blizzards, as well as such Heinz brands as Tomato Ketchup, Ore-Ida fries, bagel bites and T.G.I. Friday's...

  • Lindsay misses Street 2Q forecasts Wednesday, 25 Mar 2015 | 7:12 AM ET

    OMAHA, Neb. _ Lindsay Corp. on Wednesday reported fiscal second-quarter earnings of $9 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share. Five analysts surveyed by Zacks expected $156.8 million.

  • Gordmans Stores beats 4Q profit forecasts Thursday, 19 Mar 2015 | 4:54 PM ET

    OMAHA, Neb. _ Gordmans Stores Inc. on Thursday reported fiscal fourth-quarter earnings of $2.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. For the current quarter ending in April, Gordmans Stores said it expects revenue in the range of $144 million to $148 million.

  • NEW YORK, March 1- Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate's insurance businesses. Buffett, the billionaire chief executive officer and chairman of Berkshire, said he would also support Jain if ever he decided to seek Buffett's post.

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • In the 84- year-old's annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large- 751,000 times its original net worth per share- that the future pace of gains "will not come close" to those of the past. "I think Berkshire will outperform the average American company, but our advantage, if any, won't be great." Buffett, also addressing one...

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • NEW YORK, Feb 28- Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average. In his annual letter to shareholders, Buffett on Saturday said Berkshire's huge balance sheet gives him the power to...

  • HIGHLIGHTS-Warren Buffett's letter to investors Saturday, 28 Feb 2015 | 12:27 PM ET

    NEW YORK, Feb 28- Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday, written with his usual mix of business facts, common-sense advice and showmanship. On lodging for the May 2 annual meeting in Omaha:. Airbnb's services may be especially helpful to shareholders who expect to spend only a single night in Omaha and are aware...

  • Buffett says 'sprawl' is good, but may not be good enough Saturday, 28 Feb 2015 | 11:49 AM ET

    NEW YORK, Feb 28- Warren Buffett wants to buy more businesses to add to Berkshire Hathaway Inc's "sprawl," but cautioned it may not keep the company he has run for 50 years from evolving into something rarely used to describe it up until now: average. In his annual letter to shareholders, Buffett on Saturday said Berkshire's huge balance sheet gives him the power to...

  • Feb 28- Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit declined 17 percent as investment gains declined, but operating results improved. Net income fell to $4.16 billion, or $2,529 per Class A share, from $4.99 billion, or $3,035 per share, a year earlier. Quarterly operating profit rose 5 percent to $3.96 billion, or $2,412 per...

  • NEW YORK/ FRANKFURT, Feb 20- Warren Buffett's Berkshire Hathaway Inc said on Friday it had agreed to buy German motorcycle apparel and accessories retailer Detlev Louis Motorrad-Vertriebs GmbH for a little more than 400 million euros. The purchase enables Buffett, known for his optimism about the United States and the investment opportunities it offers, to...

  • NEW YORK, Feb 17- Warren Buffett's Berkshire Hathaway Inc on Tuesday disclosed a 5 percent stake in agricultural equipment maker Deere& Co and said it shed a $3.74 billion investment in oil company Exxon Mobil Corp as oil prices plunged. The changes were among several that Berkshire made in its common stock investments in the fourth quarter, according to a U.S....

  • Feb 12- ConAgra Foods Inc, the maker of Slim Jim beef jerky and Chef Boyardee pasta, appointed former Hillshire Brands Co Chief Executive Sean Connolly its CEO, replacing Gary Rodkin. ConAgra Foods, whose shares were down 5.2 percent in extended trading on Thursday, also cut its profit forecast for the year ending May citing a stronger dollar and weak sales in its...

  • Feb 8- Investment analysts are criticizing Warren Buffett over the quality of the financial disclosures of his company, Berkshire Hathaway, the Financial Times reported on Sunday. The FT interviewed five of the six analysts who cover the $370 billion company, which is the third largest on the U.S. stock market. Buffett told the FT that he prefers communicating...