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Top News & Analysis Omaha

  • NEW YORK— Union Pacific Corp. reported a boost in second-quarter profit on Thursday as coal and industrial product shipments pushed revenue higher. Union Pacific's profit jumped 19 percent to $1.17 billion, or $1.45 per share. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share, while eight analysts...

  • OMAHA, Neb. _ Valmont Industries Inc. on Wednesday reported second-quarter profit of $45.7 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share. Three analysts surveyed by Zacks expected $666.2 million.

  • OMAHA, Neb.— CSX's new chief executive is defending the restructuring progress made in the first four months since he was hired to lead a turnaround of the railroad. CEO Hunter Harrison, who's previously led turnarounds at three other railroads, says he's pleased with the improvement so far. The Jacksonville, Florida- based railroad has taken nearly 900...

  • OMAHA, Neb.— CSX Corp. delivered a 15 percent improvement in second-quarter profit as the railroad continues to restructure under its new CEO. The Jacksonville, Florida- based company said Tuesday it earned $510 million net income, or 55 cents per share. The results topped the adjusted 59 cents per share that the 11 analysts surveyed by Zacks Investment Research...

  • OMAHA, Neb.— Online brokerage TD Ameritrade Holding Corp.' s profits declined 2 percent as it adjusted to lower trading commissions, but higher trading activity and growth in client assets helped offset that. TD Ameritrade said its trading revenue slipped 3 percent to $335 million in the first full quarter since it cut its trading commission to $6.95 from $9.95...

  • July 10- Warren Buffett on Monday donated roughly $3.17 billion of Berkshire Hathaway Inc stock to the Bill& Melinda Gates Foundation and four family charities, his largest contribution in a more than decade-long plan to give away his fortune. Berkshire said Buffett, 86, has made $27.54 billion in donations since 2006 to the five charities, including roughly...

  • NEW YORK, July 7- Wall Street stocks rose on Friday along with the U.S. dollar and Treasury yields as investors bet that Federal Reserve policy tightening would stay on track after data showed stronger-than-expected U.S. jobs growth with wage increases that lagged forecasts. "There is certainly no reason given the data we saw this morning to knock the Fed off the...

  • NEW YORK, July 7- Wall Street stocks climbed on Friday, with the S&P 500 index on track for its best gain in six sessions on the heels of a strong U.S. payrolls report, led by gains in technology stocks. Nonfarm payrolls increased by 222,000 jobs last month, data from the Labor Department showed, topping economists' expectations for a 179,000 gain.

  • July 7- Warren Buffett's Berkshire Hathaway Inc said on Friday it agreed to pay $9 billion to buy the parent of Texas power transmission company Oncor Electric Delivery Co, stepping up its pursuit of steady profits from utilities and infrastructure deals. "Buffett views infrastructure bets as a good long-term investment," said Steven Check, president of Check...

  • July 7- Warren Buffett's Berkshire Hathaway Inc said on Friday it would pay $9 billion to pick up the parent of Texas power transmission company Oncor Electric Delivery Co from bankruptcy, stepping up its pursuit of steady returns in utilities. If the all-cash deal is approved by a bankruptcy judge and Texas regulators, it will hand Berkshire ownership of one of...

  • July 7- Warren Buffett's move to spend $9 billion on his largest energy sector acquisition reflects his long-standing drive to diversify his Berkshire Hathaway Inc and deepens his commitment to electricity as a means to boost profit. Berkshire said on Friday that its Berkshire Hathaway Energy unit will buy a reorganized Energy Future Holdings Corp to get...

  • June 30- Warren Buffett's company will become the biggest shareholder in Bank of America Corp, after Berkshire Hathaway Inc on Friday invoked its right to acquire 700 million shares of the second-largest U.S. bank. Berkshire will take a roughly 7 percent ownership stake, worth about $17 billion based on Bank of America's closing price of $24.32 on Thursday.

  • June 30- Warren Buffett's Berkshire Hathaway Inc will swap its preferred shares in Bank of America Corp into common shares worth about $17 billion, making it the biggest shareholder of lender. Buffett had bought $5 billion of Bank of America preferred stock with a 6 percent dividend, or $300 million annually, in August 2011, when investors worried about the...

  • June 28- Warren Buffett's Berkshire Hathaway Inc may be on the verge of becoming Bank of America Corp's largest shareholder, after the bank raised its dividend in the wake of a positive assessment of its ability to handle market stresses. Bank of America on Wednesday boosted its annual dividend 60 percent to 48 cents per share from 30 cents, beginning in the third...

  • TORONTO, June 23- Canada's main stock index rallied on Friday as index heavyweights like energy and mining shone, while BlackBerry Ltd shares suffered its biggest one-day drop in 2-1/ 2 years after disappointing first quarter sales. Enbridge Inc rose 1.2 percent to C $52.22, while Suncor Energy advanced 1.1 percent to C $38.52 as oil prices bounced from 10- month...

  • June 22- It took less than 24 hours for Warren Buffett, one of the world's savviest dealmakers, to make a C $360 million paper profit by propping up a major Canadian lender on life support. Home Capital joined Bank of America Corp, General Electric Co, Goldman Sachs Group Inc and other companies that have welcomed Buffett's largesse, accepting a C $2 billion credit...

  • Warren Buffett

    Warren Buffett's Midas touch just gave this Canadian company's stock a 10% boost. And, he made a cool 65% profit in the process, writes Breakingviews' Tom Buerkle.

  • Berkshire Hathaway Inc's commitment of a C $2 billion credit facility to Home Capital Group Inc, Canada's largest nonbank lender, marks the billionaire's latest effort to shore up a company in dire need of cash. "It's a traditional, opportunistic Berkshire transaction," said Cathy Seifert, a CFRA Research equity analyst, in an interview. "Today's announcement is a...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, the underwriting agency for the bonds said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S.,...

  • NEW YORK, June 12- Billionaire investor Warren Buffett will travel to New York this week to help Israel sell government bonds, an arm of the Israeli government said on Monday. Development Corporation for Israel, which underwrites the bonds in the United States and is commonly known as Israel Bonds, said Buffett will meet privately on Thursday with U.S., Canadian,...