Top News & Analysis Omaha

  • Sept 23- Green Plains Inc, one of the largest U.S. ethanol producers, on Friday said that China's decision to slap anti-dumping duties on U.S. distillers dried grains won't hurt business. "We still expect China to take volumes," Todd Becker, president and chief executive officer said in an emailed statement. China's Ministry of Commerce made its preliminary ruling...

  • OMAHA, Neb.— Investor Warren Buffett doesn't plan to discuss the employee misconduct at Wells Fargo before November even though his Berkshire Hathaway conglomerate owns roughly 10 percent of the bank. Berkshire has been Wells Fargo's largest shareholder, and in the past Buffett has praised the bank's CEO, John Stumpf. Buffett's refusal to comment on Wells...

  • Sept 20- Todd Combs, one of Warren Buffett's stockpicking deputies at Berkshire Hathaway Inc, has joined the board of JPMorgan Chase& Co, expanding the conglomerate's already deep ties to the financial services industry. Buffett has credited him with triggering Berkshire's largest acquisition, the $32.1 billion takeover in January of aircraft parts maker...

  • NEW YORK, Sept 2- U.S. shares inched higher and European shares rallied on Friday after weaker-than-expected U.S. jobs data gave the Federal Reserve more leeway to stand pat on interest rates, while the dollar gained and longer-dated Treasury yields edged up. U.S. nonfarm payrolls rose by 151,000 jobs in August after an upwardly revised 275,000 increase in July,...

  • NEW YORK, Sept 2- U.S. stocks advanced on Friday as a weaker-than-expected payrolls report tamped down expectations for a September rate hike from the U.S. U.S. nonfarm payrolls rose by 151,000 jobs in August after an upwardly revised 275,000 increase in July, with job cuts in manufacturing and construction, the Labor Department said. Traders trimmed the...

  • Aug 15- Warren Buffett's Berkshire Hathaway Inc on Monday said it has increased its stake in Apple Inc by 55 percent, boosting its bet on the iPhone and iPod maker even as prominent investors like George Soros and Carl Icahn shed theirs. Berkshire owned 15.23 million Apple shares worth $1.46 billion as of June 30, up from 9.81 million shares as of March 31, according...

  • Aug 5- Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest acquisition. Net income for Omaha, Nebraska- based Berkshire rose to $5 billion, or $3,042 per Class A share, from $4.01 billion, or $2,442,...

  • Aug 5- Berkshire Hathaway Inc on Friday said its second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest acquisition. Net income for Omaha, Nebraska- based Berkshire rose to $5 billion, or $3,042 per Class A share, from $4.01 billion, or $2,442,...

  • Aug 5- Berkshire Hathaway Inc on Friday said second-quarter profit rose 25 percent, helped by improvement in insurance underwriting, investment gains and the purchase of Precision Castparts Corp, Warren Buffett's largest-ever acquisition. Net income for Omaha, Nebraska- based Berkshire rose to $5 billion, or $3,042 per Class A share, from $4.01 billion, or...

  • Aug 5- Berkshire Hathaway Inc on Friday said second-quarter profit rose 25 percent, helped by improved results from insurance underwriting and investments and the purchase of Precision Castparts Corp, Warren Buffett's largest-ever acquisition. Net income for the Omaha, Nebraska- based conglomerate rose to $5 billion, or $3,042 per Class A share, from $4.01...

  • July 28- Jeff Bezos, the founder and chief executive of Amazon.com Inc, has become the world's third-richest person as of the market close for the first time, Forbes magazine said, passing Warren Buffett, the chairman and chief executive of Berkshire Hathaway Inc.. Bezos' fortune was $65.3 billion as of 4:30 p.m. EDT on Thursday, compared with Buffett's $64.9...

  • CHICAGO, July 21- Union Pacific Corp on Thursday posted a lower quarterly net profit that was hurt by slumping freight volumes- especially coal- and warned the strong U.S. dollar, soft global economy and weak consumer demand would weigh on the No. 1 U.S. railroad's business in the second half of 2016.. The railroad reported second-quarter net income of $980 million,...

  • CHICAGO, July 21- Full-year 2016 freight volumes at Union Pacific Corp could fall between 6 percent and 8 percent from 2015, driven by declining coal volumes, weak shale oil business and the strong U.S. dollar, the company's top executive said on Thursday. Chief Executive Lance Fritz told Reuters a "not very robust" showing by U.S. consumers would also hurt freight.

  • CHICAGO, July 21- Union Pacific Corp on Thursday reported a lower quarterly net profit that was hurt by falling freight volumes, especially coal, and warned the strong U.S. dollar, soft global economy and weak consumer demand would keep weighing on the No. 1 U.S. railroad's business in the second half of 2016.. The Omaha, Nebraska- based company said overall freight...

  • CHICAGO, July 21- Union Pacific Corp on Thursday reported a lower quarterly net profit that was hurt by falling freight volumes, especially coal, and warned the strong U.S. dollar, soft global economy and weak consumer demand would keep weighing on the No. 1 U.S. railroad's business in the second half of 2016.. The Omaha, Nebraska- based company said overall freight...

  • July 18- A Berkshire Hathaway Inc unit has agreed to buy Medical Liability Mutual Insurance Co, expanding billionaire investor Warren Buffett's business of protecting doctors, dentists and other healthcare professionals against lawsuits. MLMIC is the largest underwriter of medical professional liability insurance in New York, Berkshire's National...

  • July 14- Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, has donated another roughly $2.86 billion of his holdings in the company's stock to the Bill& Melinda Gates Foundation and four family charities, as part of his plan to give away nearly his entire fortune. The Gates Foundation, which focuses on improving education and health and...

  • July 14- Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc, has donated another roughly $2.86 billion of his holdings in the company's stock to the Bill& Melinda Gates Foundation and four family charities, as part of his plan to give away nearly his entire fortune. The Gates Foundation, which focuses on improving education and health and...

  • July 1- Warren Buffett's Berkshire Hathaway Inc is seeking permission from the Federal Reserve to increase its ownership stake in Wells Fargo& Co, after reaching the 10 percent level that could prompt increased regulatory scrutiny. "Berkshire is seeking permission to retain its current ownership position in Wells Fargo and to acquire additional shares of...

  • Commissioner Dave Jones on Wednesday issued a "cease and desist order" preventing Berkshire's Applied Underwriters Inc and California Insurance Co units from selling or renewing the policies in question in California. The case arose from the sale of a policy known as EquityComp to Shasta Linen Supply Inc of Sacramento, which Jones said subjected the...