OMAHA, Neb.— Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates. Union Pacific Chief Executive Jack Koraleski said those shipments show the economy is continuing to gradually improve, making railroad executives optimistic about the rest of the year.
July 24- Union Pacific Corp, the largest publicly traded U.S. railroad, reported a 17 percent rise in quarterly profit, mainly due to higher shipments of agricultural products and coal. Coal is Union Pacific's largest cargo in terms of volumes. Union Pacific has benefited from a rise in grain shipments meant for export to Mexico and China.
NORFOLK, Va.— Norfolk Southern executives are optimistic about the economy after delivering a 21 percent rise in second-quarter profit as the railroad hauled more freight. The Norfolk, Virginia- based railroad reported net income of $562 million, or $1.79 per share, in the quarter.
OMAHA, Neb.— Overloaded storage bins on the roof of an Omaha livestock feed manufacturer's plant caused the building collapse that killed two people in January, federal investigators said Monday. OSHA said nine storage bins on the plant's roof were overloaded, and the additional weight caused three floors to collapse inward in about 30 seconds.
WASHINGTON— The Democratic National Committee narrowly outraised its Republican rival last month and cut its debt to just $3 million, down from a onetime high of $23 million, according to federal financial forms due Sunday. The DNC raised almost $9 million in June, while the Republican National Committee reported Sunday that it raised $8.5 million.
Nebraska, Utah and Vermont had the second-lowest rate in the nation last month, trailing only the 2.7 percent of North Dakota. The Nebraska Labor Department said the new Nebraska figure remained well below the preliminary national unemployment rate of 6.1 percent in June, which was two-tenths of a point below the revised May figure of 6.3 percent.
OMAHA, Neb.— Billionaire Warren Buffett decided it was time to upgrade his 2006 Cadillac DTS after General Motors CEO Mary Barra pointed out how many improvements had been made since then. Warren Buffett says the saleswoman did a great job, including recommending that Buffett buy the XTS sedan he picked, not the CTS coupe that Barra had recommended.
OMAHA, Neb.— CSX is optimistic about its long-term performance, but the railroad's profit during this quarter will likely be relatively flat. The company discussed its second-quarter results Wednesday after edging out Wall Street profit expectations.
OMAHA, Neb.— CSX Corp. said Tuesday its second-quarter profit chugged ahead 2 percent as the economy continued to improve, so the railroad is investing an additional $100 million in its network.
July 15- Warren Buffett this week donated $2.8 billion of Berkshire Hathaway Inc stock to five charities, as part of the billionaire's plan to give away nearly all of his wealth. About 16.6 million shares, worth more than $2.1 billion, went to the Bill and Melinda Gates Foundation, which focuses on education, health and poverty problems.
OMAHA, Neb.— Warren Buffett has given several charities Berkshire Hathaway stock worth more than $2.8 billion as part of his plan to give away his fortune gradually through annual gifts. Berkshire's chairman and CEO announced the gifts Tuesday in filings with the Securities and Exchange Commission.
OMAHA, Neb.— ConAgra Foods Inc., the company behind Chef Boyardee canned pasta, said Monday that it bought a Chinese potato processor for $93 million to help it sell more frozen potato products in Asia.
The native North American berry was introduced in Russia and eastern Europe in the early 20th century and has been cultivated there for juices and wines.
CHICAGO, July 11- U.S. farmland values have remained strong this summer despite falling crop prices, but that could change heading into the busy annual auction season at year's end, auctioneers say. "I'm surprised how strong land values have been," said Randy Hertz of Hertz Farm Management in Nevada, Iowa.
July 1- U.S. apartment vacancy rate was unchanged in the second quarter, while new construction rebounded as weather improved, real estate research firm Reis Inc said in a report released on Tuesday.
NEW DELHI- Indian-born economist Arvind Panagariya, who is widely expected to take a top advisory role in prime minister-elect Narendra Modi's government, wants its first budget to boost capital spending even at the risk of a higher fiscal deficit. Bank of England's Bean says may be case for earlier rate hikes- BBC.
NEW YORK, May 25- Far be it from us to offer tips to Warren Buffett, the most celebrated stock picker of his age, but here goes:.
Odds are you guessed Florida, or maybe Arizona- two sunny states that have long been popular with the senior set. Lois O'Grady lives in Vermillion, South Dakota. But the region has another thing going for it: South Dakota was recently named the best state to retire in the nation, handily defeating retiree hot spots like Florida.
Beyond serious investing talk, the Berkshire Hathaway shareholders' meeting is a weekend of fun for investors and Warren Buffett fans alike.
About 38,000 people flocked to the shareholder meeting in Omaha this weekend. Here's a highlight of top brands Berkshire Hathaway owns.