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  • CHICAGO, April 22- Union Pacific Corp said on Thursday its first quarter results were hurt by a drop in coal volumes and the company warned coal would continue to weigh on its results throughout the year. Union Pacific said coal volumes fell 5 percent during the quarter. "Shares will be pressured on these results, but we have confidence that Union Pacific will be...

  • CHICAGO, April 22- No. 1 U.S. railroad Union Pacific Corp on Thursday reported a higher quarterly net profit as lower fuel costs and pricing gains offset falling freight volumes, but results fell short of market expectations. Union Pacific saw the volume of coal on its rails fall 5 percent during the quarter. Omaha- based Union Pacific posted first-quarter net...

  • OMAHA, Neb.— Union Pacific's first-quarter profit improved 6 percent but fell short of expectations as railroad shipping volume slowed 2 percent on weak coal demand and a labor dispute at West Coast ports. CEO Lance Fritz said Union Pacific Corp. wasn't as efficient as could have been due to the sharp drop in volume, but that the railroad is working to adjust its...

  • Union Pacific misses Street 1Q forecasts Thursday, 23 Apr 2015 | 8:09 AM ET

    OMAHA, Neb.— Union Pacific Corp. on Thursday reported first-quarter profit of $1.15 billion. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share. Union Pacific shares have declined 7 percent since the beginning of the year, while the Standard& Poor's 500 index has increased slightly more than 2 percent.

  • LINCOLN, Neb.— An expanded tax credit for wind-energy farms won initial approval from Nebraska lawmakers Wednesday despite arguments that the state shouldn't invest in the industry. Jeremy Nordquist, of Omaha, said his proposal would help Nebraska compete with other Midwestern states that have worked more aggressively to establish renewable energy...

  • Werner beats 1Q profit forecasts Wednesday, 22 Apr 2015 | 8:15 AM ET

    OMAHA, Neb. _ Werner Enterprises Inc. on Wednesday reported first-quarter earnings of $23.1 million. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share. Seven analysts surveyed by Zacks expected $516.8 million.

  • April 21- Discount broker TD Ameritrade Holding Corp warned Tuesday its fiscal 2015 earnings will likely be at the lower range of its previously announced estimate because of the U.S. As with rivals such as Charles Schwab Corp, much of TD Ameritrade's profitability hinges on the difference between what it pays clients who keep cash in their accounts and what it...

  • TD Ameritrade misses Street 2Q forecasts Tuesday, 21 Apr 2015 | 7:45 AM ET

    OMAHA, Neb. _ TD Ameritrade Holding Corp. on Tuesday reported fiscal second-quarter earnings of $189 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share. TD Ameritrade shares have risen roughly 2 percent since the beginning of the year.

  • Berkshire Hathaway Media Group said Monday that it had acquired six weekly newspapers and the daily Tulsa Business and Legal News from Community Publishers Inc.. Terms of the deal— which includes The Broken Arrow Ledger, The Sand Springs Leader, The Coweta American, The Wagoner Tribune, The Owasso Reporter and the Skiatook Journal— weren't disclosed.

  • OMAHA, Neb.— It could cost more than $900 million to begin extracting a rare heat-resistant element in southeast Nebraska, but the Canadian firm pursuing the mine project remains optimistic it will be built. NioCorp Developments officials discussed the latest projections for a niobium mine near Elk Creek with investors Monday. The U.S. Geologic Survey...

  • OMAHA, Neb.— A man removed from a California- bound Southwest Airlines flight diverted to Omaha has been sentenced. The U.S. Attorney's Office for the District of Nebraska says 24- year-old Joshua Carl Lee Suggs, of Oswego, Illinois, was sentenced Friday to three years of supervised released and ordered to pay $4,400 in restitution to Southwest Airlines.

  • OMAHA, Neb.— CSX says the railroad won't deliver the double-digit profit growth it promised this year because coal demand remains weak. While that exceeded Wall Street expectations, freight volume was lower than the company projected. "We just haven't found the bottom yet," CEO Michael Ward said.

  • Correction: Industrial Accident-Omaha story Wednesday, 15 Apr 2015 | 6:26 AM ET

    OMAHA, Neb.— In a story April 14 about an explosion at an Omaha rail car repair facility that killed two workers, The Associated Press erroneously reported that the workers' employer, Nebraska Railcar Cleaning Services, is operated by GE Capital Rail Services. Fire officials say 2 killed in blast near Omaha rail yard. OMAHA, Neb.— Omaha authorities said two people were...

  • OMAHA, Neb.— CSX Corp.' s first-quarter profit grew 11 percent as it benefited from lower fuel costs, and the railroad announced plans Tuesday to repurchase $2 billion of stock. The Jacksonville, Florida- based railroad sounded considerably more optimistic than its biggest competitor in the Eastern United States. Norfolk Southern warned investors Monday that...

  • OMAHA, Neb.— Omaha authorities say one person is dead and another remains trapped inside a railroad tank car after a reported explosion Tuesday. Omaha Fire Battalion Chief Tim McCaw said one man was found on the ground near the tank car. Fire officials were still attempting to recover the man as of 5 p.m. Tuesday, after testing chemicals for a second time.

  • 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...

  • 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...