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Top News & Analysis Omaha

  • NEW YORK, Feb 23- Warren Buffett, widely considered one of the world's best investors, is likely to tout the merits of passive investing this weekend to readers of his annual letter to Berkshire Hathaway Inc shareholders. The letter, slated for release around 8 a.m. EST on Saturday, will probably focus on familiar themes for the 86- year-old Buffett, with many...

  • PEORIA, Ill.— Peoria Mayor Jim Ardis planned to open this year's State of the City speech by thanking Caterpillar Inc. for its longtime commitment to the central Illinois town, declaring "We wouldn't be Peoria without Caterpillar." It's been that way for decades in Peoria and in other company towns across the United States. Caterpillar's recent decision to move...

  • OMAHA, Neb. _ Valmont Industries Inc. on Tuesday reported fourth-quarter net income of $70.1 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share. Four analysts surveyed by Zacks expected $631.8 million.

  • OMAHA, Neb.— The top two CSX executives will retire this spring, and the railroad plans to lay off roughly 1,000 management employees next month. CSX Corp. announced both moves Tuesday as the railroad faces pressure from a hedge fund seeking to install the executive who led Canadian Pacific's turnaround, Hunter Harrison. CSX Chairman and CEO Michael Ward and...

  • OMAHA, Neb.— CSX wants its shareholders to vote on the demands a hedge fund is making as it seeks to install the executive who led Canadian Pacific's turnaround at the U.S. railroad. The Jacksonville, Florida- based CSX said Tuesday it will call a special shareholder meeting so investors can have a say on the requests from Paul Hilal's hedge fund, which it detailed in a...

  • NEW YORK, Feb 14- Warren Buffett's Berkshire Hathaway Inc was an aggressive buyer of stocks in last year's fourth quarter, nearly quadrupling its stake in Apple Inc and increasing its stake sevenfold in the four biggest U.S. airlines. Larger Berkshire investments such as Wells Fargo& Co, Coca-Cola Co and International Business Machines Corp are normally...

  • Berkshire Hathaway Inc. filed a quarterly update on its U.S. stock portfolio with the Securities and Exchange Commission on Tuesday. Berkshire's Apple Inc. stake is now worth $7.7 billion, up from roughly $2 billion the previous quarter. He has said that investments of less than $1 billion are likely to be the work of Ted Weschler or Todd Combs, who each handle...

  • ALLENTOWN, Pa.— Stormy Patterson makes a distinction between opinion and action as she surveys each new call to boycott Company A or support Brand B. It's "silly" to penalize Under Armour over its CEO's praise of President Donald Trump, she says. "Hobby Lobby, I won't patronize them.

  • NEW YORK, Feb 3- Wall Street stocks climbed on Friday, with the S&P 500 nearly topping its record high, boosted by gains in financial shares as President Donald Trump moved ahead with deregulation action and a strong payrolls report. The U.S. public and private sectors created 227,000 jobs last month, according to the Labor Department, far more than the 175,000...

  • CHICAGO, Jan 31- Caterpillar Inc will move its global headquarters to the Chicago area from its longtime home in central Illinois this year, the company said on Tuesday, as it continues to grapple with weak demand for its earth-moving equipment. At the same time, Chicago has drawn in big companies such as Archer Daniels Midland Co, one of the world's largest...

  • Jan 31- The failure of Warren Buffett's favored candidate to capture the White House has not dimmed the billionaire's appetite for stocks. Buffett revealed that he has bought $12 billion of stock for his company Berkshire Hathaway Inc since the Republican Donald Trump beat Democrat Hillary Clinton in the Nov. 8 U.S. presidential election.

  • NEW YORK, Jan 20- American International Group Inc has agreed to pay roughly $10.2 billion to Warren Buffett's Berkshire Hathaway Inc to take on many long-term risks on U.S. commercial insurance policies it has already written. Berkshire's National Indemnity Co unit, led by Buffett's reinsurance chief Ajit Jain, will take on 80 percent of net losses in excess of...

  • NEW YORK, Jan 20- American International Group Inc has agreed to pay roughly $10.2 billion to Warren Buffett's Berkshire Hathaway Inc to take on many long-term risks on U.S. commercial insurance policies it has already written. Berkshire's National Indemnity Co unit will take on 80 percent of net losses in excess of the first $25 billion, with a maximum...

  • NEW YORK, Jan 11- "I like numbers," Warren Buffett says in an upcoming HBO documentary about his life. That life is now the subject of "Becoming Warren Buffett," which is being previewed for journalists this week ahead of its Jan. 30 airing on Time Warner Inc's HBO. President Richard Nixon and media mogul Oprah Winfrey, the documentary was largely narrated by Buffett and...

  • Dec 5- Warren Buffett's Berkshire Hathaway Inc could get a $29 billion boost to its book value if President-elect Donald Trump is able to slash the U.S. corporate tax rate to 15 percent from 35 percent, Barclays Capital wrote on Monday. Trump's proposed reduction could help Berkshire lower its net deferred tax liability to $21.6 billion from $50.5 billion,...

  • Dec 2- A Nebraska nonprofit on Friday said it will propose that Warren Buffett's Berkshire Hathaway Inc sell its investments in oil refiner Phillips 66 and other companies involved in fossil fuels over 12 years. The Nebraska Peace Foundation, which focuses on anti-war, civil rights and environmental issues, said it submitted a formal proposal for Berkshire...

  • NEW YORK, Nov 14- Warren Buffett's Berkshire Hathaway Inc on Monday said it has bought shares in the four biggest U.S. airlines: American Airlines Group Inc, Delta Air Lines Inc, Southwest Airlines Co and United Continental Holdings Inc.. According to a regulatory filing, Berkshire as of Sept. 30 owned 21.8 million American shares worth $797 million, 6.3 million...

  • Nov 11- Berkshire Hathaway Inc shares posted one of their best weeks in years, soaring 9.5 percent and touching a record high, even though Chairman Warren Buffett's choice for the White House, Hillary Clinton, was defeated by Donald Trump. The conglomerate's Class A shares closed on Friday up $1,110 at $234,860, a day after surpassing their record set in December...

  • Warren Buffett

    Billionaire investor and staunch Hillary Clinton-supporter Warren Buffet offers rides to voters who need a lift in Omaha, Nebraska, NBC News reports.

  • Quarterly net income for Omaha, Nebraska- based Berkshire fell to $7.2 billion, or $4,379 per Class A share, from $9.43 billion, or $5,737 per share, a year earlier. Operating profit, which excludes investment and derivative gains and losses, rose 7 percent to $4.85 billion, or $2,951 per share, from $4.55 billion, or $2,769 per share. Results included a $1.6 billion...